Common use of Optional Redemption Upon Public Equity Offerings Clause in Contracts

Optional Redemption Upon Public Equity Offerings. Notwithstanding the foregoing, at any time, or from time to time, on or prior to November 15, 1999, the Company may, at its option, use the net cash proceeds of one or more Public Equity Offerings (as defined below) to redeem up to 35% of the aggregate principal amount of Notes; provided that at least 65% of the principal amount of Notes originally issued remains outstanding immediately after any such redemption, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the twelve- month period commencing on November 15 of the year set forth below, plus, in each case, accrued interest to the date of redemption: Year Percentage ---- ---------- 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500% 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500% 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500%

Optional Redemption Upon Public Equity Offerings. Notwithstanding the foregoing, at any time, or from time to time, on or prior to November 15, 1999, the Company may, at its option, use the net cash proceeds of one or more Public Equity Offerings (as defined below) to redeem up to 35% of the aggregate principal amount of Notes; provided that at least 65% of the principal amount of Notes originally issued remains outstanding immediately after any such redemption, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the twelve- month period commencing on November 15 of the year set forth below, plus, in each case, accrued interest to the date of redemption: Year Percentage ---- ---------- 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500. .112.500% 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500. .112.500% 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500. .112.500%

Optional Redemption Upon Public Equity Offerings. Notwithstanding the foregoing, at any time, or from time to time, on or prior to November 15, 1999, the Company may, at its option, use the net cash proceeds of one or more Public Equity Offerings (as defined below) to redeem up to 35% of the aggregate principal amount of Notes; provided that at least 65% of the principal amount of Notes originally issued remains outstanding immediately after any such redemption, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the twelve- month period commencing on November 15 of the year set forth below, plus, in each case, accrued interest to the date of redemption: Year Percentage ---- ---------- 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500% 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500% 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500%

Optional Redemption Upon Public Equity Offerings. Notwithstanding the foregoing, at At any time, or from time to time, on or prior to November October 15, 19991998, the Company may, at its option, use the net cash proceeds of one or more Public Equity Offerings (as defined belowin the Indenture) to redeem up to 35% of the aggregate principal amount of Notes; provided that at least 65% of the principal amount of Notes originally issued remains outstanding immediately after any such redemption, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the twelve- twelve-month period commencing on November October 15 of the year set forth below, below plus, in each case, accrued and unpaid interest thereon, if any, to the date of redemption: Year Percentage ---- ---------- 1995 . . . . . . . . . . . . . . . . . . . . . 111.750% 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500110.444% 1997 . . . . . . . . . . . . . . . . . . . . . 109.139% provided that at least 65% of the initial principal amount of Notes originally issued remains outstanding immediately after any such redemption. . . . . . . . . . 112.500% 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112.500%In order to effect the foregoing redemption with the proceeds of any Public Equity Offering, the Company shall make such redemption not more than 120 days after the consummation of any such Public Equity Offering.