Common use of Exchange at Maturity Clause in Contracts

Exchange at Maturity. Subject to Section 2.04(b), at [*] Maturity the principal amount of -------- each DECS shall be mandatorily exchanged by the Company into a number of shares of Devon Common Stock at the Exchange Rate; provided, however, that, pursuant to Section 2.03, no fraction of a share of Devon Common Stock shall be issued. The Holders of the DECS 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 Devon Common Stock, deliver cash in an amount (calculated 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 shares of Devon Common Stock otherwise deliverable in respect of such DECS on the date of 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 Devon Common Stock that would otherwise be deliverable. In determining the amount of cash deliverable in exchange for the DECS in lieu of Devon Common Stock pursuant to the prior sentence hereof, 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 Section 2.04(b)2.04, at [*] Maturity the principal amount of -------- each DECS SAILS shall be mandatorily exchanged by the Company into a number of shares of Devon IBC Common Stock or Reported Securities (or the equivalent amount of cash, as provided below) at the Exchange Rate; provided, however, that, pursuant to Section 2.03, no fraction fractional shares of a share of Devon IBC Common Stock or Reported Securities shall be issued. The Holders holders of the DECS 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 Devon shares of IBC Common StockStock or Reported Securities, deliver cash in an amount (calculated 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 shares of Devon IBC Common Stock otherwise deliverable in respect of such DECS on the date of Maturity, 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 Devon IBC Common Stock that would otherwise be deliverable. In determining the amount of cash deliverable in exchange for the DECS SAILS in lieu of Devon shares of IBC Common Stock pursuant to the prior sentence hereof, 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 Section 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 shares of Devon Cincinnati Bell Common Stock Shares at the Exchange Rate; provided, however, thatxxxt, pursuant to Section 2.03, no fraction of a share of Devon Cincinnati Bell Common Stock Share shall be issued. The Holders of the DECS shall 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 Devon Cincinnati Bell Common StockShares, deliver cash in an amount (calculated to the 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 shares of Devon Cincinnati Bell Common Stock Shares otherwise deliverable in respect of such DECS on the date of Maturity, 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 Devon Cincinnati Bell Common Stock Shares that would otherwise be deliverable. In determining xxxxrmining the amount of cash deliverable in exchange for the DECS in lieu of Devon Cincinnati Bell Common Stock Shares pursuant to the prior sentence hereof, if more 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 Section 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 shares of Devon Cincinnati Bell Common Stock Shares at the Exchange Rate; providedprovidex, howeverxowever, that, pursuant to Section 2.03, no fraction of a share of Devon Cincinnati Bell Common Stock Share shall be issued. The Holders of the ox xxe DECS 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 Devon Cincinnati Bell Common StockShares, deliver cash in an amount (calculated 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 shares of Devon Cincinnati Bell Common Stock Shares otherwise deliverable in respect of such DECS on the date xxxx of Maturity, 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 Devon Cincinnati Bell Common Stock Shares that would otherwise be deliverabledelivxxxxle. In determining the amount of cash deliverable in exchange for the DECS in lieu of Devon Cincinnati Bell Common Stock Shares pursuant to the prior sentence hereofsentencx xxreof, 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.