Common use of Mechanics of Redemption; Purchaser's Conversion Rights Clause in Contracts

Mechanics of Redemption; Purchaser's Conversion Rights. The Parent Company shall effect each such redemption by giving notice of its election to redeem ("Redemption Notice"), by facsimile, by 5 P.M. New York City time on the Redemption Date and shall provide a copy of such redemption notice by overnight or 2-day courier, to Purchaser, all other Holders of COES Preferred Shares and the Parent Company will redeem all or part of the COES Preferred Shares. Upon the giving of any such Redemption Notice, and until the earlier of either payment of the applicable redemption price or fifteen (15) business days after the Redemption Date (or later as provided in Section 6(d) below), the conversion rights in respect of the COES Preferred Shares and any other outstanding shares of COES Convertible Preferred Stock called for redemptions shall be suspended. Subject to the Parent Company's payment of the applicable redemption price, the accrual of dividends in connection with the shares of COES Convertible Preferred Stock called for redemption will suspend on the Redemption Date.

Mechanics of Redemption; Purchaser's Conversion Rights. The Parent Company shall effect each such redemption by giving notice of its election to redeem ("Redemption Notice"), by facsimile, by 5 P.M. New York City time on the Redemption Date and shall provide a copy of such redemption notice by overnight or 2-day courier, to Purchaser, all other Holders of COES Preferred Shares and the Parent Company's Transfer Agent. Such redemption notice shall indicate whether the Parent Company will redeem all or part of the COES Preferred Shares. Upon the giving of any such Redemption Notice, and until the earlier of either payment of the applicable redemption price or fifteen (15) business days after the Redemption Date (or later as provided in Section 6(d) below), the conversion rights in respect of the COES Preferred Shares and any other outstanding shares of COES Convertible Preferred Stock called for redemptions shall be suspended. Subject to the Parent Company's payment of the applicable redemption price, the accrual of dividends in connection with the shares of COES Convertible Preferred Stock called for redemption will suspend on the Redemption Date.