Common use of Convertible Securities Clause in Contracts

Convertible Securities. The Fitch Discount Factor applied to convertible securities is (A) 200% for investment grade convertibles and (B) 222% for below investment grade convertibles so long as such convertible securities have neither (x) conversion premiums greater than 100% nor (y) a yield to maturity or yield to worst of greater than the comparable term Treasury yields plus 15 percentage points. The Fitch Discount Factor applied to convertible securities which have conversion premiums of greater than 100% is (A) 152% for investment grade convertibles, and (B) 179% for below investment grade convertibles so long as a such convertible securities do not have a yield to maturity or yield to worst of greater than comparable term Treasury yields plus 15 percentage points. The Fitch Discount Factor applied to convertible securities that have a yield to maturity or yield to worst of greater than the comparable term Treasury yield plus 15 percentage points is 370%.

Convertible Securities. The Fitch Discount Factor applied to convertible securities is (A) 200___% for investment grade convertibles and (B) 222% ___%for below investment grade convertibles so long as such convertible securities have neither (x) conversion premiums greater than 100___% nor (y) a yield to maturity or yield to worst of greater than the comparable term Treasury yields plus 15 percentage points. The Fitch Discount Factor applied to convertible securities which have conversion premiums of greater than 100% is (A) 152___% for investment grade convertibles, and (B) 179___% for below investment grade convertibles so long as a such convertible securities do not have a yield to maturity or yield to worst of greater than comparable term Treasury yields plus 15 percentage points. The Fitch Discount Factor applied to convertible securities that have a yield to maturity or yield to worst of greater than the comparable term Treasury yield plus 15 percentage points is 370___%.

Convertible Securities. The Fitch Discount Factor applied to convertible securities is (A) 200___% for investment grade convertibles and (B) 222___% for below investment grade convertibles so long as such convertible securities have neither (x) conversion premiums greater than 100% nor (y) a yield to maturity or yield to worst of greater than the comparable term Treasury yields plus 15 percentage points. The Fitch Discount Factor applied to convertible securities which have conversion premiums of greater than 100% is (A) 152___% for investment grade convertibles, and (B) 179___% for below investment grade convertibles so long as a such convertible securities do not have a yield to maturity or yield to worst of greater than comparable term Treasury yields plus 15 percentage points. The Fitch Discount Factor applied to convertible securities that have a yield to maturity or yield to worst of greater than the comparable term Treasury yield plus 15 percentage points is 370___%.

Convertible Securities. The Fitch Discount Factor applied to convertible securities is (A) 200___% for investment grade convertibles and (B) 222___% for below investment grade convertibles so long as such convertible debt securities have neither (x) conversion premiums greater than 100% nor (y) have a yield to maturity or yield to worst worse of greater than 15% above the comparable term relevant Treasury yields plus 15 percentage pointscurve. The Fitch Discount Factor applied to convertible debt securities which have conversion premiums of greater than 100% is (A) 152___% for investment grade convertibles, convertibles and (B) 179___% for below investment grade convertibles so long as a such convertible debt securities do not have a yield to maturity or yield to worst worse of greater than comparable term 15% above the relevant Treasury yields plus 15 percentage pointscurve. The Fitch Discount Factor applied to convertible debt securities that which have a yield to maturity or yield to worst worse of greater than 15% above the comparable term relevant Treasury yield plus 15 percentage points curve is 370___%.