Common use of Company Call Option Clause in Contracts

Company Call Option. After October 30, 2009, the Company shall have the option, at any time when the Weighted Average Price of the Company Common Stock during the prior thirty (30) day period is $7.00 (appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction) or higher, to redeem the Note for cash at (100%) of the Conversion Amount, provided that (i) such redemption shall occur on the date that is twenty (20) Company Trading Days (the “Call Date”) following the date of the Company notice and (ii) prior to the Call Date, the provisions in Section 2 shall remain in effect.