Common use of Conversion Events Clause in Contracts

Conversion Events. From and after (i) the date of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company with respect to its Accretion Bonds only, interest in lieu of future Original Issue Discount shall accrue at the rate set forth in the related Prospectus supplement on the restated Principal amount (the "Restated Principal Amount") equal to the original Principal amount plus Original Issue Discount accrued to the Option Exercise Date and shall be payable quarterly on each Interest Payment Date to holders of record at the close of business on each Record Date immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from the Option Exercise Date. Within 15 days of the occurrence of a Tax Event, the Company shall mail a written notice of such Tax Event by first-class mail to the Trustee and within 15 days of its exercise of such option the Company shall mail a written notice of the Option Exercise Date by first-class mail to the Trustee and Holders of the Accretion Bonds. From and after the Option Exercise Date, (i) the Company shall be obligated to pay at the Maturity Date, in lieu of the Principal amount of each Security, the Restated Principal Amount thereof and (ii) "

Conversion Events. From and after (i) the date of the occurrence of a Tax Event and (ii) the date the Company exercises such option, whichever is later (the "Option Exercise Date"), at the option of the Company with respect to its Accretion Bonds only, interest in lieu of future Original Issue Discount shall accrue at the rate set forth in the related Prospectus prospectus supplement on the restated Principal amount (the "Restated Principal Amount") equal to the original Principal amount plus Original Issue Discount accrued to the Option Exercise Date and shall be payable quarterly on each Interest Payment Date to holders of record at the close of business on each Record Date immediately preceding such Interest Payment Date. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months and will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from the Option Exercise Date. Within 15 days of the occurrence of a Tax Event, the Company shall mail a written notice of such Tax Event by first-class mail to the Trustee and within 15 days of its exercise of such option the Company shall mail a written notice of the Option Exercise Date by first-class mail to the Trustee and Holders of the Accretion Bonds. From and after the Option Exercise Date, (i) the Company shall be obligated to pay at the Maturity Date, in lieu of the Principal amount of each Security, the Restated Principal Amount thereof and (ii) "