Common use of Conversion of Class B Common Clause in Contracts

Conversion of Class B Common. On the Conversion Date (as ---------------------------- such term is defined below), a holder's shares of Class B Common shall automatically convert into the same number of shares of Class A Common. For purposes of this Paragraph 3, the "Conversion Date" shall mean the date which is the earlier of (i) August 1, 2000 or, (ii) seventy-five days following the date on which the "Right to Require Repurchase" provided in Section 1501 of the Indenture governing the Corporation's 8% Convertible Subordinated Debentures due 2015 (the "Debentures") which grants holders the right to require the corporation to repurchase the Debentures when any person becomes the beneficial owner of 75% or more of the voting stock of the Corporation becomes inapplicable with respect to such holder.