Conversion of Class A Common Stock. Subject to Section 1.9(i), ---------------------------------- each share of Class A Common Stock, par value $.01 per share, of the Company (the "Class A Common Stock") (other than shares of Class A Common Stock to be -------------------- canceled in accordance with Section 1.8(b), but including shares of Class B Common Stock converted to Class A Common Stock in accordance with Section 1.8(d)) issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive an amount equal to $3,244.24 per share in cash as adjusted pursuant to the last sentence of this Section 1.8(c), plus interest thereon for the period commencing on January 1, 2000 through and including the Closing Date at a rate of eight percent (8%) per annum (compounded daily calculated on the basis of a 365-day year for the actual number of days elapsed) (the "Common Stock Purchase Price"). As of the Effective Time, all such --------------------------- shares of Class A Common Stock shall no longer be outstanding and shall automatically be retired and shall cease to exist, and each holder of a certificate representing any such shares of Class A Common Stock shall cease to have any rights with respect thereto, except the right to receive, upon the surrender of such certificates, the Common Stock Purchase Price. If any shares of Company Common Stock are repurchased pursuant to stock repurchase rights, the Common Stock Purchase Price shall be the amount determined pursuant to the following formula: (A) $873,956,081 minus the amount paid to repurchase shares of Company Common Stock, plus interest on such difference for the period commencing on January 1, 2000 through and including the Closing Date at a rate of eight percent (8%) per annum (compounded daily calculated on the basis of a 365-day year for the actual number of days elapsed), divided by (B) the number of shares of Company Common Stock outstanding after such repurchase.
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Conversion of Class A Common Stock. Subject to Section 1.9(i), ---------------------------------- each share of Class A Common Stock, par value $.01 per share, of the Company (the "Class CLASS A Common StockCOMMON STOCK") (other than shares of Class A Common Stock to be -------------------- canceled in accordance with Section 1.8(b), but including shares of Class B Common Stock converted to Class A Common Stock in accordance with Section 1.8(d)) issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive an amount equal to $3,244.24 per share in cash as adjusted pursuant to the last sentence of this Section 1.8(c), plus interest thereon for the period commencing on January 1, 2000 through and including the Closing Date at a rate of eight percent (8%) per annum (compounded daily calculated on the basis of a 365-day year for the actual number of days elapsed) (the "Common Stock Purchase PriceCOMMON STOCK PURCHASE PRICE"). As of the Effective Time, all such --------------------------- shares of Class A Common Stock shall no longer be outstanding and shall automatically be retired and shall cease to exist, and each holder of a certificate representing any such shares of Class A Common Stock shall cease to have any rights with respect thereto, except the right to receive, upon the surrender of such certificates, the Common Stock Purchase Price. If any shares of Company Common Stock are repurchased pursuant to stock repurchase rights, the Common Stock Purchase Price shall be the amount determined pursuant to the following formula: (A) $873,956,081 minus the amount paid to repurchase shares of Company Common Stock, plus interest on such difference for the period commencing on January 1, 2000 through and including the Closing Date at a rate of eight percent (8%) per annum (compounded daily calculated on the basis of a 365-day year for the actual number of days elapsed), divided by (B) the number of shares of Company Common Stock outstanding after such repurchase.
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