Common use of Holder Conversion Clause in Contracts

Holder Conversion. In the event of a conversion of any Series J-1 Preferred Stock pursuant to a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series J-1 Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series J-1 Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series J-1 Preferred Stock.

Holder Conversion. In the event of a conversion of any Series J-1 J Preferred Stock pursuant to a Holder Conversion Notice, the Corporation shall issue to the Holder of such Series J-1 J Preferred Stock a number of Conversion Shares equal to (a) the Original Issue Price plus accrued and unpaid dividends thereon, multiplied by (b) the number of such Series J-1 J Preferred Stock subject to the Holder Conversion Notice divided by (c) the Conversion Price with respect to such Series J-1 J Preferred Stock.