The Preliminary Transactions Sample Clauses

The Preliminary Transactions a. Immediately following the consummation of the Exchange Offer, to the extent the Contingent Exchange is not effectuated or has been reduced pursuant to section C(5)(c) above, CLP will exchange its remaining (i) CLP 14-1/4% Preferred (face plus all accrued amounts thereon through December 31, 2006) for an equal face amount of 8% Series A-1 Mandatorily Convertible Preferred Stock due 2013 (the "Series A-1 Convertible Preferred") and (ii) CLP 9-3/4% Preferred (face plus all accrued amounts, including amounts accrued thereon through December 31, 2006) for an equal face amount of 8% Series A-2 Mandatorily Convertible Preferred Stock due 2013 (the "Series A-2 Convertible Preferred," and together with the Series A-1 Convertible Preferred, the "Series A Convertible Preferred"), as described on Schedule C. b. Immediately following the consummation of the Exchange Offer, regardless of whether the Contingent Exchange occurs, (i) CLP will exchange its $200,000,000 of Series D Non-Convertible Preferred it received from NBCU as described in section C(2)(a) for $200,000,000 in face amount of 8% Series C Mandatorily Convertible Preferred Stock due