Common use of Holder Conversion Clause in Contracts

Holder Conversion. In the event of a conversion of any Series C Preferred Stock pursuant to a Holder Conversion Notice, the Corporation will (a) satisfy the payment of Dividends and Conversion Premium with respect to the shares of Series C Preferred Stock converted as provided in Section I.C.2, and (b) issue to the Holder of such Series C Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series C Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series C Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.

Holder Conversion. In the event of a conversion of any Series C Preferred Stock pursuant to a an Holder Conversion Notice, the Corporation will shall (a) satisfy the payment of Dividends and Conversion Premium with respect to the shares of Series C Preferred Stock converted Embedded Dividend Liability as provided in Section I.C.2, and (b) issue to the Holder of such Series C Preferred Stock a number of Conversion Shares equal to (i) the Face Value multiplied by (ii) the number of such Series C Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series C Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.

Holder Conversion. In the event of a conversion of any Series C B Preferred Stock pursuant to a an Holder Conversion Notice, the Corporation will shall (a) satisfy the payment of Dividends and Conversion Premium with respect to the shares of Series C Preferred Stock converted Embedded Dividend Liability as provided in Section I.C.2, and (b) issue to the Holder of such Series C B Preferred Stock a number of Conversion Shares equal to (i) the Series B Face Value multiplied by (ii) the number of such Series C B Preferred Stock subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series C B Preferred Stock; all in accordance with the procedures set forth in Section I.G.1.