Common use of Conversion of Depositary Shares Clause in Contracts

Conversion of Depositary Shares. (a) The Depositary Shares held by any holder of a Receipt or Receipts may, at the option of such holder, be converted, in whole, or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted), into shares of Common Stock upon the same terms and conditions as the Preferred Stock, except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Preferred Stock divided by 100. Whenever a holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Preferred Stock, such holder shall deliver to the Depositary or the Depositary's Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "Dividend Payment Date"), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company has chosen to pay the dividend) in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified in the preceding sentence shall have been satisfied (the "Conversion Date").

Conversion of Depositary Shares. (a) The Depositary Shares held by any holder Holder of a Receipt or Receipts may, at the option of such holderHolder, be converted, in whole, or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted)part, into shares of Common Stock upon the same terms and conditions as the Series A Convertible Preferred Stock, except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Series A Convertible Preferred Stock share divided by 100. Whenever a holder Holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Series A Convertible Preferred Stock, such holder Holder shall deliver to the Depositary or the Depositary's ’s Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company Corporation or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder Holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "“Dividend Payment Date"”), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company Corporation has chosen to pay the dividend) in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified in the preceding sentence above shall have been satisfied (the "“Conversion Date"”).

Conversion of Depositary Shares. (a) The Upon the occurrence of a Change of Control (as defined in the Certificate of Designation), the Depositary Shares held by any holder of a Receipt or Receipts may, at the option of such holder, be converted, in whole, whole or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted)part, into shares of Common Stock upon the same terms and conditions as the Series C Preferred Stock (unless, prior to the Change of Control Conversion Date (as defined in the Certificate of Designation), the Corporation has provided or provides irrevocable notice of its election to redeem the Series C Preferred Stock, in which case such holder will only have the right with respect to Depositary Shares representing shares of Series C Preferred Stock not called for redemption (unless the Corporation defaults in the payment of the redemption price and accumulated and unpaid dividends in which case the holder will again have the right with respect to the Depositary Shares representing shares of Series C Preferred Stock subject to such default in payment), except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Series C Preferred Stock share divided by 1001,000. Whenever a holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Series C Preferred Stock, such holder shall deliver to the Depositary or the Depositary's ’s Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company Corporation or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "“Dividend Payment Date"”), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company has chosen to pay the dividend) cash in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified Change of Control Conversion Date (as defined in the preceding sentence shall have been satisfied Certificate of Designation) (the "“Conversion Date"”).

Conversion of Depositary Shares. (a) The Depositary Shares held by any holder of a Receipt or Receipts may, at the option of such holder, be converted, in whole, or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted)part, into shares of Common Stock upon the same terms and conditions as the Preferred StockShares, except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one Preferred share of Preferred Stock divided by 10010. Whenever a holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Preferred StockShares, such holder shall deliver to the Depositary or the Depositary's Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "Dividend Payment Date"), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company has chosen to pay the dividend) in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified in the preceding sentence shall have been satisfied (the "Conversion Date").

Conversion of Depositary Shares. (a) The Upon the occurrence of a Change of Control (as defined in the Certificate of Designations), the Depositary Shares held by any holder Holder of a Receipt or Receipts may, at the option of such holderHolder, be converted, in whole, whole or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted)part, into shares of Common Stock upon the same terms and conditions as the Series A Preferred Stock (unless, prior to the Change of Control Conversion Date (as defined in the Certificate of Designations), the Corporation has provided or provides irrevocable notice of its election to redeem the Series A Preferred Stock, in which case such Holder will only have the right with respect to Depositary Shares representing shares of Series A Preferred Stock not called for redemption (unless the Corporation defaults in the payment of the redemption price and accumulated and unpaid dividends in which case the Holder will again have the right with respect to the Depositary Shares representing shares of the Series A Preferred Stock subject to such default in payment), except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Series A Preferred Stock share divided by 1001,000. Whenever a holder Holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Series A Preferred Stock, such holder Holder shall deliver to the Depositary or the Depositary's ’s Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company Corporation or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder Holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "“Dividend Payment Date"”), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company has chosen to pay the dividend) cash in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business in effect on the date on which the requirements specified Change of Control Conversion Date (as defined in the preceding sentence shall have been satisfied Certificate of Designations) (the "“Conversion Date"”).

Conversion of Depositary Shares. (a) The Depositary Shares held by any holder of a Receipt or Receipts may, at the option of such holder, be converted, in whole, or from time to time in part (but only in lots of 100 ten Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted), into shares of Common Stock upon the same terms and conditions as the Preferred Stock, except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Preferred Stock divided by 100ten. Whenever a holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Preferred Stock, such holder shall deliver to the Depositary or any of the Depositary's Agent Agents the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "Dividend Payment Date"), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company has chosen to pay the dividend) in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder Record Holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified in the preceding sentence shall have been satisfied (the "Conversion Date").the

Conversion of Depositary Shares. (a) The Depositary Shares held by any holder of a Receipt or Receipts may, at the option of such holder, be converted, in whole, or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then than all the Depositary Shares held by such holder are being converted), into shares of Common Stock upon the same terms and conditions as the Preferred Stock, except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Preferred Stock divided by 100. Whenever a holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Preferred Stock, such holder shall deliver to the Depositary or the Depositary's Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "Dividend Payment Date"), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company has chosen to pay the dividend) in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified in the preceding sentence shall have been satisfied (the "Conversion Date").

Conversion of Depositary Shares. (a) The Depositary Shares held by any holder of a Receipt or Receipts may, at the option of such holder, be converted, in whole, or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted)part, into shares of Common Stock upon the same terms and conditions as the Series A Convertible Preferred Stock, except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Series A Convertible Preferred Stock share divided by 100. Whenever a holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Series A Convertible Preferred Stock, such holder shall deliver to the Depositary or the Depositary's ’s Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company Corporation or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "“Dividend Payment Date"”), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company Corporation has chosen to pay the dividend) in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified in the preceding sentence above shall have been satisfied (the "“Conversion Date"”).

Conversion of Depositary Shares. (a) The Upon the occurrence of a Change of Control (as defined in the Certificate of Designation), the Depositary Shares held by any holder of a Receipt or Receipts may, at the option of such holder, be converted, in whole, whole or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted)part, into shares of Common Stock upon the same terms and conditions as the Series D Preferred Stock (unless, prior to the Change of Control Conversion Date (as defined in the Certificate of Designation), the Corporation has provided or provides irrevocable notice of its election to redeem the Series D Preferred Stock, in which case such holder will only have the right with respect to Depositary Shares representing shares of Series D Preferred Stock not called for redemption (unless the Corporation defaults in the payment of the redemption price and accumulated and unpaid dividends in which case the holder will again have the right with respect to the Depositary Shares representing shares of Series D Preferred Stock subject to such default in payment), except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Series D Preferred Stock share divided by 1001,000. Whenever a holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Series D Preferred Stock, such holder shall deliver to the Depositary or the Depositary's ’s Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company Corporation or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "“Dividend Payment Date"”), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company has chosen to pay the dividend) cash in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified Change of Control Conversion Date (as defined in the preceding sentence shall have been satisfied Certificate of Designation) (the "“Conversion Date"”).

Conversion of Depositary Shares. (a) The Depositary Shares held by any holder of a Receipt or Receipts may, at the option of such holder, be converted, in whole, whole or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted)part, into shares of Common Stock upon the same terms and conditions as the Series E Preferred Stock (unless, prior to the Conversion Date (as defined in the Certificate of Designation), the Corporation has provided or provides irrevocable notice of its election to redeem the Series E Preferred Stock, in which case such holder will only have the right with respect to Depositary Shares representing shares of Series E Preferred Stock not called for redemption (unless the Corporation defaults in the payment of the redemption price and accumulated and unpaid dividends in which case the holder will again have the right with respect to the Depositary Shares representing shares of Series E Preferred Stock subject to such default in payment)), except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Series E Preferred Stock share divided by 1001,000. Whenever a holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Series E Preferred Stock, such holder shall deliver to the Depositary or the Depositary's ’s Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company Corporation or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "“Dividend Payment Date"”), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company has chosen to pay the dividend) cash in an amount equal to the dividend payable on the Dividend Payment Date. In addition, unless such the Depositary Shares have been called for redemption on held by any holder of a Redemption Date occurring during Receipt or Receipts shall, at the period from option of the close Corporation, be converted, in whole or in part, into shares of business on such record date until Common Stock upon the close same terms and conditions as the Series E Preferred Stock, except that the number of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to shares of Common Stock received upon conversion of each Depositary Shares called for redemption on a date during the period from the close of business on such record date Share will be equal to the close number of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder shares of such Depositary Shares on such record date, notwithstanding the Common Stock received upon conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Sharesone Series E Preferred Stock share divided by 1,000. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified Conversion Date (as defined in the preceding sentence shall have been satisfied Certificate of Designation) (the "“Conversion Date"”).

Conversion of Depositary Shares. (a) The Depositary Shares held by any holder Holder of a Receipt or Receipts may, at the option of such holderHolder, be converted, in whole, or from time to time in part (but only in lots of 100 Depositary Shares or integral multiples thereof if less then all the Depositary Shares held by such holder are being converted)part, into shares of Common Stock upon the same terms and conditions as the Series B Convertible Preferred Stock, except that the number of shares of Common Stock received upon conversion of each Depositary Share will be equal to the number of shares of Common Stock received upon conversion of one share of Series B Convertible Preferred Stock share divided by 100. Whenever a holder Holder of a Receipt or Receipts shall elect to convert the Depositary Shares represented by such Receipt or Receipts into shares of Common Stock pursuant to the terms of the Series B Convertible Preferred Stock, such holder Holder shall deliver to the Depositary or the Depositary's ’s Agent the Receipt or Receipts evidencing the Depositary Shares to be converted, together with a written notice of conversion and an assignment of the Receipt or Receipts to the Company Corporation or in blank, in form reasonably acceptable to the Depositary. In addition, if such holder Holder surrenders such Depositary Shares for conversion during the period from the close of business on any record date fixed pursuant to Section 4.4 for the payment of dividends until the opening of business of the dividend payment date corresponding to such record date (the "“Dividend Payment Date"”), such Receipt or Receipts shall be accompanied by a payment in cash, Common Stock or a combination thereof (depending on the method of payment that the Company Corporation has chosen to pay the dividend) in an amount equal to the dividend payable on the Dividend Payment Date, unless such Depositary Shares have been called for redemption on a Redemption Date occurring during the period from the close of business on such record date until the close of business on the business day immediately following the Dividend Payment Date. The dividend payment with respect to Depositary Shares called for redemption on a date during the period from the close of business on such record date to the close of business on the business day immediately following the Dividend Payment Date will be payable on the Dividend Payment Date to the record holder of such Depositary Shares on such record date, notwithstanding the conversion of such Depositary Shares after such record date and prior to the Dividend Payment Date, and the holder converting such Depositary Shares need not include a payment of such dividend amount upon surrender of such Depositary Shares. Each conversion of Depositary Shares shall be deemed to have been effected immediately before the close of business on the date on which the requirements specified in the preceding sentence above shall have been satisfied (the "“Conversion Date"”).