Common use of Optional Redemption Notice Clause in Contracts

Optional Redemption Notice. In order to effect an Optional Redemption hereunder, the Corporation must deliver to the Holder written notice of such Optional Redemption (an "Optional Redemption Notice") on or before 5:00 p.m. (eastern time) on the Business Day immediately following any Trading Day on which the each of the Optional Redemption Conditions is satisfied. The Optional Redemption Date shall occur on a Business Day, as specified in the Optional Redemption Notice, that is at least five (5) Trading Days but no more than ten (10) Trading Days following the date on which the Optional Redemption Notice is delivered to the Holder. In the event that the Corporation delivers an Optional Redemption Notice to the Holder prior to the ninetieth (90th) day following the Tranche A Closing Date, the date on which such notice is delivered to the Holder shall be deemed to be the Initial Conversion Date for purposes of this Debenture, and the Holder shall have the right to convert this Debenture from and after such date.

Optional Redemption Notice. In order to effect an Optional Redemption hereunder, the Corporation must deliver to the each Holder written notice of such Optional Redemption (an "Optional Redemption Notice") on or before 5:00 p.m. (eastern time) on the Business Day immediately following any Trading Day on which the each of the Optional Redemption Conditions is satisfied. The Optional Redemption Date shall occur on a Business Day, as specified in the Optional Redemption Notice, that is at least five (5) Trading Days but no more than ten (10) Trading Days following the date on which the Optional Redemption Notice is delivered to the each Holder. In the event that the Corporation delivers an Optional Redemption Notice to the Holder Holders prior to the ninetieth (90th) day following the Tranche A Closing Date, the date on which such notice is delivered to the Holder Holders shall be deemed to be the Initial Conversion Date for purposes of this Debenturehereof, and the each Holder shall have the right to convert this Debenture Preferred Shares from and after such date.