Common use of Notice of Conversion or Exchange Clause in Contracts

Notice of Conversion or Exchange. Not less than 30 days nor more than 60 days prior to the Event Date, the Issuer shall notify the Subordinated Trustee in writing of its election to convert or exchange, as the case may be, the Securities and of the series of Securities to which such election relates. The Subordinated Trustee shall within five Business Days after receipt of such notice from the Issuer and at the expense of the Issuer, cause notice of such election to be mailed to each Holder of Securities to be converted or exchanged, as the case may be. All notices of conversion or exchange shall be prepared by the Issuer and shall state: