Common use of Exchange at Maturity Clause in Contracts

Exchange at Maturity. Subject to Sections 2.04(b) and (c), at Maturity the principal amount of each DECS shall be mandatorily exchanged by the Company into a number of Cincinnati Bell Common Shares at the Exchange Rate; provided, however, xxxt, pursuant to Section 2.03, no fraction of a Cincinnati Bell Common Share shall be issued. The Holders of the DECS xxxxl be responsible for the payment of any and all brokerage costs upon the subsequent sale of such shares. The Company may, at its option, in lieu of delivering Cincinnati Bell Common Shares, deliver cash in an amount (calculated tx xxe nearest 1/100th of a dollar per DECS or, if there is not a nearest 1/100th of a dollar, then to the next higher 1/100th of a dollar) equal to the product of the number of Cincinnati Bell Common Shares otherwise deliverable on the date of Matxxxxy multiplied by the Maturity Price; provided, however, that if such option is exercised, the Company shall deliver cash with respect to all, but not less than all, of the Cincinnati Bell Common Shares that would otherwise be deliverable. In xxxxrmining the amount of cash deliverable in exchange for the DECS in lieu of Cincinnati Bell Common Shares pursuant to the prior sentence hereof, ix xxre than one DECS shall be surrendered for exchange at one time by the same Holder, the amount of cash which shall be delivered upon exchange shall be computed on the basis of the aggregate number of DECS so surrendered at Maturity.

Exchange at Maturity. Subject to Sections 2.04(b) and (c)Section 2.04, at Maturity the principal amount of each DECS SAILS shall be mandatorily exchanged by the Company into a number of Cincinnati Bell shares of IBC Common Shares Stock and Reported Securities (or the equivalent amount of cash, as provided below) at the Exchange Rate; provided, however, xxxtthat, pursuant to Section 2.03, no fraction fractional shares of a Cincinnati Bell IBC Common Share Stock or Reported Securities shall be issued. The Holders holders of the DECS xxxxl SAILS shall be responsible for the payment of any and all brokerage costs upon the subsequent sale of such shares. The Company may, at its option, in lieu of delivering Cincinnati Bell shares of IBC Common SharesStock and Reported Securities, deliver cash in an amount (calculated tx xxe to the nearest 1/100th of a dollar per DECS SAILS or, if there is not a nearest 1/100th of a dollar, then to the next higher 1/100th of a dollar) equal to the product of the number of Cincinnati Bell shares of IBC Common Shares Stock otherwise deliverable on the date of Matxxxxy Maturity multiplied by the Maturity Price; provided, however, that if such option is exercised, the Company shall deliver cash with respect to all, but not less than all, of the Cincinnati Bell IBC Common Shares Stock that would otherwise be deliverable. In xxxxrmining determining the amount of cash deliverable in exchange for the DECS SAILS in lieu of Cincinnati Bell shares of IBC Common Shares Stock pursuant to the prior sentence hereof, ix xxre if more than one DECS SAILS shall be surrendered for exchange at one time by the same Holderholder, the amount of cash which shall be delivered upon exchange shall be computed on the basis of the aggregate number of DECS SAILS so surrendered at Maturity.

Exchange at Maturity. Subject to Sections 2.04(b) and (c), at Maturity the principal amount of each DECS shall be mandatorily exchanged by the Company into a number of Cincinnati Bell Common Shares at the Exchange Rate; providedprovidex, howeverxowever, xxxtthat, pursuant to Section 2.03, no fraction of a Cincinnati Bell Common Share shall be issued. The Holders of the ox xxe DECS xxxxl shall be responsible for the payment of any and all brokerage costs upon the subsequent sale of such shares. The Company may, at its option, in lieu of delivering Cincinnati Bell Common Shares, deliver cash in an amount (calculated tx xxe cxxxxlated to the nearest 1/100th of a dollar per DECS or, if there is not a nearest 1/100th of a dollar, then to the next higher 1/100th of a dollar) equal to the product of the number of Cincinnati Bell Common Shares otherwise deliverable on the date xxxx of Matxxxxy Maturity multiplied by the Maturity Price; provided, however, that if such option is exercised, the Company shall deliver cash with respect to all, but not less than all, of the Cincinnati Bell Common Shares that would otherwise be deliverabledelivxxxxle. In xxxxrmining determining the amount of cash deliverable in exchange for the DECS in lieu of Cincinnati Bell Common Shares pursuant to the prior sentence hereofsentencx xxreof, ix xxre if more than one DECS shall be surrendered for exchange at one time by the same Holder, the amount of cash which shall be delivered upon exchange shall be computed on the basis of the aggregate number of DECS so surrendered at Maturity.

Exchange at Maturity. Subject to Sections Section 2.04(b) and (c), at [*] Maturity the principal amount of -------- each DECS shall be mandatorily exchanged by the Company into a number of Cincinnati Bell shares of Devon Common Shares Stock at the Exchange Rate; provided, however, xxxtthat, pursuant to Section 2.03, no fraction of a Cincinnati Bell share of Devon Common Share Stock shall be issued. The Holders of the DECS xxxxl shall be responsible for the payment of any and all brokerage costs upon the subsequent sale of such shares. The Company may, at its option, in lieu of delivering Cincinnati Bell Devon Common SharesStock, deliver cash in an amount (calculated tx xxe to the nearest 1/100th of a dollar per DECS or, if there is not a nearest 1/100th of a dollar, then to the next higher 1/100th of a dollar) equal to the product of the number of Cincinnati Bell shares of Devon Common Shares Stock otherwise deliverable in respect of such DECS on the date of Matxxxxy Maturity, multiplied by the Maturity Price; provided, however, that if such option is exercised, the Company shall deliver cash with respect to all, but not less than all, of the Cincinnati Bell Devon Common Shares Stock that would otherwise be deliverable. In xxxxrmining determining the amount of cash deliverable in exchange for the DECS in lieu of Cincinnati Bell Devon Common Shares Stock pursuant to the prior sentence hereof, ix xxre if more than one DECS shall be surrendered for exchange at one time by the same Holder, the amount of cash which shall be delivered upon exchange shall be computed on the basis of the aggregate number of DECS so surrendered at Maturity.

Exchange at Maturity. Subject to Sections 2.04(b) and (c)Section 2.04, at Maturity the principal amount of each DECS SAILS shall be mandatorily exchanged by the Company into a number of Cincinnati Bell shares of IBC Common Shares Stock or Reported Securities (or the equivalent amount of cash, as provided below) at the Exchange Rate; provided, however, xxxtthat, pursuant to Section 2.03, no fraction fractional shares of a Cincinnati Bell IBC Common Share Stock or Reported Securities shall be issued. The Holders holders of the DECS xxxxl SAILS shall be responsible for the payment of any and all brokerage costs upon the subsequent sale of such shares. The Company may, at its option, in lieu of delivering Cincinnati Bell shares of IBC Common SharesStock or Reported Securities, deliver cash in an amount (calculated tx xxe to the nearest 1/100th of a dollar per DECS SAILS or, if there is not a nearest 1/100th of a dollar, then to the next higher 1/100th of a dollar) equal to the product of the number of Cincinnati Bell shares of IBC Common Shares Stock otherwise deliverable on the date of Matxxxxy Maturity multiplied by the Maturity Price; provided, however, that if such option is exercised, the Company shall deliver cash with respect to all, but not less than all, of the Cincinnati Bell IBC Common Shares Stock that would otherwise be deliverable. In xxxxrmining determining the amount of cash deliverable in exchange for the DECS SAILS in lieu of Cincinnati Bell shares of IBC Common Shares Stock pursuant to the prior sentence hereof, ix xxre if more than one DECS SAILS shall be surrendered for exchange at one time by the same Holderholder, the amount of cash which shall be delivered upon exchange shall be computed on the basis of the aggregate number of DECS SAILS so surrendered at Maturity.