Common use of Mandatory Redemption Price Clause in Contracts

Mandatory Redemption Price. Upon the satisfaction or waiver of the conditions set forth in Section 3.11(b) and subject to the terms and conditions of this Section 3.11, the Company shall redeem the Notes at a redemption price (the “Mandatory Redemption Price”) per $1,000 principal amount of Notes equal to: (i) $47.65 in cash, (ii) 1,146.16 shares of Common Stock (subject to appropriate adjustment for any stock split, reverse stock split, stock dividend or other similar event occurring after the Exchange Offer Completion Date and on or prior to the Mandatory Redemption Date), and (iii) $425.46 in principal amount of New Notes. No fractional shares of Common Stock will be issued in the Mandatory Redemption, and the number of shares issuable to a Holder shall be rounded down to the nearest whole number of shares, and no amounts will be paid to such Holder for any fractional shares of Common Stock. Notwithstanding anything herein to the contrary, no additional amounts will be paid in the Mandatory Redemption for any premium or accrued and unpaid interest on the Notes.