Common use of Right of the Holders to Convert Clause in Contracts

Right of the Holders to Convert. (a) Subject to the terms of Section 8(f), each Holder shall have the right, at such Holder’s option, subject to the conversion procedures set forth in Section 8, to convert (an “Optional Conversion”) each share of such Holder’s Series B-2 Preferred Stock at any time into the number of shares of Series B-1 Preferred Stock equal to the quotient of (A) the Original Issue Price divided by (B) the Preferred Stock Conversion Price as of the applicable Conversion Date. The right of Optional Conversion may be exercised as to all or any portion of such Holder’s Series B-2 Preferred Stock from time to time; provided, however, that, in each case, no right of Optional Conversion may be exercised by a Holder in respect of fewer than 10,000 shares of Series B-2 Preferred Stock (unless such conversion relates to all shares of Series B-2 Preferred Stock held by such Holder or all shares of Series B-2 Preferred Stock that may be converted in compliance with Section 8(f)).

Right of the Holders to Convert. (a) Subject to the terms of Section 8(f), each Holder shall have the right, at such Holder’s option, subject to the conversion procedures set forth in Section 8, to convert (an “Optional Conversion”) each share of such Holder’s Series B-2 A Preferred Stock at any time into (i) the number of shares of Series B-1 Preferred Class A Common Stock equal to the quotient of (A) the Original Issue Price divided by (B) the Preferred Stock Conversion Price as of the applicable Conversion DateDate plus (ii) cash in lieu of fractional shares as set out in Section 8(e). The right of Optional Conversion may be exercised as to all or any portion of such Holder’s Series B-2 A Preferred Stock from time to time; provided, however, that, in each case, no right of Optional Conversion may be exercised by a Holder in respect of fewer than 10,000 shares of Series B-2 A Preferred Stock (unless such conversion relates to all shares of Series B-2 A Preferred Stock held by such Holder or all shares of Series B-2 A Preferred Stock that may be converted in compliance with Section 8(f)).

Right of the Holders to Convert. (a) Subject to the terms of Section 8(f), each Each Holder shall have the right, at such Holder’s option, subject to the conversion procedures set forth in Section 8, to convert (an “Optional Conversion”) each share of such Holder’s Series B-2 A Preferred Stock at any time into (i) the number of shares of Series B-1 Preferred Common Stock equal to the quotient of (A) the Original Issue Price sum of the Liquidation Preference and the Accrued Dividends with respect to such share of Series A Preferred Stock as of the applicable Conversion Date divided by (B) the Preferred Stock Conversion Price as of the applicable Conversion DateDate plus (ii) cash in lieu of fractional shares as set out in Section 11(h). The right of Optional Conversion conversion may be exercised as to all or any portion of such Holder’s Series B-2 A Preferred Stock from time to time; provided, however, provided that, in each case, no right of Optional Conversion conversion may be exercised by a Holder in respect of fewer than 10,000 1,000 shares of Series B-2 A Preferred Stock (unless such conversion relates to all shares of Series B-2 A Preferred Stock held by such Holder or all shares of Series B-2 Preferred Stock that may be converted in compliance with Section 8(f)Holder).

Right of the Holders to Convert. (a) Subject to the terms of Section 8(f), each Each Holder shall have the right, at such Holder’s option, subject to the conversion procedures set forth in Section 8, to convert (an “Optional Conversion”) each share of such Holder’s Series B-2 A Preferred Stock at any time into (i) the number of shares of Series B-1 Preferred Common Stock equal to the quotient product of (A) the Original Issue Price divided Accreted Value with respect to such share of Series A Preferred Stock as of the applicable Conversion Date multiplied by (B) the Preferred Stock Conversion Price Rate as of the applicable Conversion DateDate divided by (C) 1,000 plus (ii) cash in lieu of fractional shares as set out in Section 11(h). The right of Optional Conversion conversion may be exercised as to all or any portion of such Holder’s Series B-2 A Preferred Stock from time to time; provided, however, provided that, in each case, no right of Optional Conversion conversion may be exercised by a Holder in respect of fewer than 10,000 1,000 shares of Series B-2 A Preferred Stock (unless such conversion relates to all shares of Series B-2 A Preferred Stock held by such Holder or all shares of Series B-2 Preferred Stock that may be converted in compliance with Section 8(f)Holder).