Common use of Exercise of Conversion Rights Clause in Contracts

Exercise of Conversion Rights. In order to exercise the conversion privilege, the Holder of the New Subordinated Notes to be converted shall surrender the New Subordinated Notes to the conversion agent designated for such purpose by written notice to the Holders of such New Subordinated Notes by the Company (which may be the Company itself), with the Notice of Election to Convert in the form included in Exhibit E hereto, duly completed and signed, at the principal office of the conversion agent. Unless the shares issuable on conversion are to be issued in the same name as the name in which the surrendered New Subordinated Notes are registered, each New Subordinated Note surrendered for conversion shall be accompanied by instruments of transfer, in form satisfactory to the Company, duly executed by the Holder or its duly authorized attorney. If the Company fails to designate a conversion agent, the conversion agent shall be the Company.

Exercise of Conversion Rights. In order to exercise the ----------------------------- conversion privilege, the Holder of the New Subordinated Notes to be converted shall surrender the New Subordinated Notes to the conversion agent designated for such purpose by written notice to the Holders of such New Subordinated Notes by the Company (which may be the Company itself), with the Notice of Election to Convert in the form included in Exhibit E hereto, duly completed and signed, at --------- the principal office of the conversion agent. Unless the shares issuable on conversion are to be issued in the same name as the name in which the surrendered New Subordinated Notes are registered, each New Subordinated Note surrendered for conversion shall be accompanied by instruments of transfer, in form satisfactory to the Company, duly executed by the Holder or its duly authorized attorney. If the Company fails to designate a conversion agent, the conversion agent shall be the Company.