Common use of Conversion Provisions Clause in Contracts

Conversion Provisions. (a) Conversion at Option of Holders. Provided that, and only to the extent ------------------------------- that, the Corporation has a sufficient number of shares of authorized but unissued and unreserved Common Stock available to issue upon conversion, each share of Convertible Preferred Stock shall be convertible at the option of the holder thereof, at any time, into fully paid and nonassessable shares of Common Stock and such other securities and property as hereinafter provided, initially at the rate of 10 shares of Common Stock for each full share of Series C Convertible Preferred Stock ("Conversion Ratio").

Conversion Provisions. (a) Conversion at Option of Holders. Provided that, and only to the extent ------------------------------- that, the Corporation has a sufficient number of shares of authorized but unissued and unreserved Common Stock available to issue upon conversion, each share of Convertible Preferred Stock shall be convertible at the option of the holder thereof, at any time, into fully paid and nonassessable shares of Common Stock and such other securities and property as hereinafter provided, initially at the rate of 10 shares of Common Stock for each full share of Series C B Convertible Preferred Stock ("Conversion Ratio").