Common use of Convertible Series A Preferred Stock Clause in Contracts

Convertible Series A Preferred Stock. Reorganized Xxxxxxx shall issue shares of Convertible Series A Preferred Stock at a purchase price of up to approximately $1,150 million in the aggregate in cash on the following terms and conditions: • Dividend. 12% per annum. Payable in cash or PIK at the option of reorganized Xxxxxxx. •

Convertible Series A Preferred Stock. Reorganized Xxxxxxx shall issue shares of Convertible Series A Preferred Stock at a purchase price of up to approximately $1,150 million in the aggregate in cash on the following terms and conditions: • Dividend. 12% per annum. Payable 1 Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in cash Annex 1 attached hereto or PIK at the option of reorganized Xxxxxxx. •Coordination Agreement (the “Coordination Agreement”), to which this Term Sheet is attached as Exhibit A.