Common use of Conversion of Interest Clause in Contracts

Conversion of Interest. On the Maturity Date and on each Optional Conversion Date, if any, the portion of the interest then payable hereunder that the Maker elects to pay in shares, if any, shall be paid in shares of the Maker’s Common Stock at a conversion price (the “Interest Conversion Price”) equal to the closing public market price (as appropriately adjusted to reflect stock dividends, stock splits, combinations, recapitalizations and the like with respect to the Maker’s capital stock after the date hereof) of the Maker’s Common Stock on the Trading Day immediately prior to the date of Maturity or such Optional Conversion Date, as applicable.