Common use of Conversion of Debenture Clause in Contracts

Conversion of Debenture. Subject to the provisions of the Indenture, the Holder of this Debenture is entitled, at his option, at any time prior to maturity, to convert each $1,000 principal amount of each authorized $5,000 denomination of this Debenture (in increments of $5,000 or whole multiples thereof) into 55.55556 shares of Common Stock of the Company (a Conversion Price of $18.00 principal amount of Debentures for each share of such Common Stock), or at the adjusted Conversion Price in effect at the date of conversion determined as provided in the Indenture, as said shares of Common Stock of the Company shall be constituted at the date of conversion, except that, in case this Debenture or any portion thereof shall be called for redemption, such conversion right shall terminate with respect to this Debenture or portion thereof, as the case may be, so called for redemption at the close of business on the third (3rd) business day next preceding the date fixed for redemption as provided in the Indenture. Subject to the foregoing, conversion may be effected upon surrender of this Debenture to the Debenture Registrar accompanied by written notice of election to convert, and (if new Debentures for the unconverted portion of any Debenture shall be registered in a name other than that of the Holder) by instruments of transfer, in form satisfactory to the Debenture Registrar, duly executed by the registered Holder or by his duly authorized attorney. Such surrender shall, if made during the period from the close of business on the record date preceding an Interest Payment Date to the opening of business on such Interest Payment Date (unless this Debenture or the portion being converted shall

Conversion of Debenture. Subject to the provisions of the Indenture, the Holder of this Debenture is entitled, at his option, at any time prior to maturity, to convert each $1,000 5,000 principal amount of each authorized $5,000 denomination of this Debenture (in increments of $5,000 or whole multiples thereof) into 55.55556 320.5128 shares of Common Stock of the Company (a Conversion Price of $18.00 15.60 principal amount of Debentures for each share of such Common Stock), or at the adjusted Conversion Price in effect at the date of conversion determined as provided in the Indenture, as said shares of Common Stock of the Company shall be constituted at the date of conversion, except that, in case this Debenture or any portion thereof shall be called for redemption, such conversion right shall terminate with respect to this Debenture or portion thereof, as the case may be, so called for redemption at the close of business on the third (3rd) business day next preceding the date fixed for redemption as provided in the Indenture. Subject to the foregoing, conversion may be effected upon surrender of this Debenture to the Debenture Registrar accompanied by written notice of election to convert, and (if new Debentures for the unconverted portion of any Debenture shall be registered in a name other than that of the Holder) by instruments of transfer, in form satisfactory to the Debenture Registrar, duly executed by the registered Holder or by his duly authorized attorney. Such surrender shall, if made during the period from the close of business on the record date preceding an Interest Payment Date to the opening of business on such Interest Payment Date (unless this Debenture or the portion being converted shallshall have been called for redemption), also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of this Debenture then being converted. Subject to the foregoing, no adjustment is to be made on conversion for interest accrued hereon (unless this Debenture or the portion thereof being converted shall have been called for redemption) or for dividends on Common Stock issued on conversion. The Company is not required to issue fractional shares upon any such conversion, but shall make adjustment therefor in cash on the basis of the current market value of such fractional interest as provided in the Indenture.

Conversion of Debenture. Subject to the provisions of the Indenture, the Holder of this Debenture is entitled, at his option, at any time prior to maturity, to convert each $1,000 the principal amount of each authorized $5,000 denomination of this Debenture (or any portion hereof in increments whole multiples of $5,000 or whole multiples thereof1,000) into 55.55556 shares of Class A Common Stock of the Company (a Conversion Price Company, as said shares shall be constituted at the date of conversion, at the conversion price of $18.00 ___ principal amount of Debentures for each share of such Common Stock), or at the adjusted Conversion Price in effect at the date of conversion determined as provided in the Indenture, as said shares of Class A Common Stock of the Company shall be constituted at the date of conversion, (except that, in case this Debenture or any portion thereof shall be called for redemption, such conversion right shall terminate with respect to this Debenture or portion thereof, as the case may be, so called for redemption at the close of business on the third (3rd) business day next preceding the date fixed for redemption as provided in the Indenture. Subject to ), or at the foregoingadjusted conversion price in effect at the date of conversion determined as provided in the Indenture, conversion may be effected upon surrender of this Debenture to the Debenture Registrar accompanied by written notice of election to convert, and (if new Debentures for the unconverted portion of any Debenture shall be registered in a name other than that of the Holder) by instruments of transfer, in form satisfactory to the Debenture Registrar, duly executed by the registered Holder or by his duly authorized attorney. Such surrender shall, if made during the period from the close of business on the record date preceding an Interest Payment Date interest payment date to the opening of business on such Interest Payment Date interest payment date (unless this Debenture or the portion being converted shallshall have been called for redemption), also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such interest payment date on the principal amount of this Debenture then being converted. Subject to the foregoing, no adjustment is to be made on conversion for interest accrued hereon (unless this Debenture or the portion thereof being converted shall have been called for redemption) or for dividends on Class A Common Stock issued on conversion. The Company is not required to issue fractional shares upon any such conversion, but shall make adjustment therefor in cash on the basis of the current market value of such fractional interest as provided in the Indenture.

Conversion of Debenture. Subject to the provisions of the Indenture, the Holder of this Debenture is entitled, at his option, at any time prior to maturity, to convert each $1,000 principal amount of each authorized $5,000 denomination of this Debenture (in increments of $5,000 or whole multiples thereof) into 55.55556 56 shares of Common Stock of the Company (a Conversion Price conversion price of $18.00 17.85714 principal amount of Debentures for each share of such Common Stock), or at the adjusted Conversion Price in effect at the date of conversion determined as provided in the Indenture, as said shares of Common Stock of the Company shall be constituted at the date of conversion, except that, in case this Debenture or any portion thereof shall be called for redemption, such conversion right shall terminate with respect to this Debenture or portion thereof, as the case may be, so called for redemption at the close of business on the third (3rd) business day next preceding the date fixed for redemption as provided in the Indenture. Subject to , or at the foregoingadjusted conversion price in effect at the date of conversion determined as provided in the Indenture, conversion may be effected upon surrender of this Debenture to the Debenture Registrar accompanied by written notice of election to convert, and (if new Debentures for the unconverted portion of any Debenture shall be registered in a name other than that of the Holder) by instruments of transfer, in form satisfactory to the Debenture Registrar, duly executed by the registered Holder or by his duly authorized attorney. Such surrender shall, if made during the period from the close of business on the record date preceding an Interest Payment Date to the opening of business on such Interest Payment Date (unless this Debenture or the portion being converted shallshall have been called for redemption), also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of this Debenture then being converted. Subject to the foregoing, no adjustment is to be made on conversion for interest accrued hereon (unless this Debenture or the portion thereof being converted shall have been called for redemption) or for dividends on Common Stock issued on conversion. The Company is not required to issue fractional shares upon any such conversion, but shall make adjustment therefor in cash on the basis of the current market value of such fractional interest as provided in the Indenture.