Common use of Conversion Upon Certain Distributions Clause in Contracts

Conversion Upon Certain Distributions. If, prior to August 1, 2029, the Company elects to: (a) issue to all or substantially all holders of the Common Stock rights entitling them to purchase, for a period expiring within sixty (60) days after the date of the distribution, shares of Common Stock at less than the average of the Last Reported Sale Prices per share of the Common Stock for the ten (10) consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the announcement of such issuance; or (b) distribute to all or substantially all holders of Common Stock assets or debt securities of the Company or rights to purchase securities of the Company, then, in each case, (I) the Company must notify Holders at least thirty (30) Scheduled Trading Days prior to the Ex-Dividend Date for such distribution; and (II) the Securities may be surrendered for conversion at any time from the time the Company has given such notice until the earlier of (x) 5:00 p.m., New York City time, on the Business Day immediately prior to the Ex-Dividend Date of such issuance or distribution and (y) the Company’s announcement that such issuance or distribution will not take place.