Common use of Put Price Clause in Contracts

Put Price. (a) For purposes of this Article 5, the Put Price shall be the greater of (i) the Appraised Value of the Conversion Stock underlying the Series A Preferred Stock, Series B Preferred Stock and Series E Preferred Stock, as the case may be, or (ii) the Adjusted Value of the Series A Preferred Stock, Series B Preferred Stock or Series E Preferred Stock, as the case may be. The "Appraised Value" shall mean the fair market value of the Conversion Stock issuable upon conversion of the Series A Preferred Stock, Series B Preferred Stock or Series E Preferred Stock, as the case may be, determined pursuant to the appraisal procedure set forth in the immediately succeeding section. The "Adjusted Value" shall be an amount per share equal to the Adjusted Purchase Price of the Series A Preferred Stock (determined in accordance with the Series A Certificate of Designation), or of the Series B Preferred Stock (determined in accordance with the Series B Certificate of Designation) or of the Series E Preferred Stock (determined in accordance with the Series E Certificate of Designation), as the case may be, plus a cumulative accretion computed on the Adjusted Purchase Price at the rate of 8% per annum (compounded annually) from the date of issue up to the date of the Put Notice, reduced by an amount equal to the aggregate of all declared and paid cash dividends, if any.

Put Price. (a) For purposes of this Article 5, the Put Price shall --------- be the greater of (i) the Appraised Value of the Conversion Stock underlying the Series A Preferred Stock, Stock or Series B Preferred Stock and Series E Preferred Stock, as the case may be, or (ii) the Adjusted Value of the Series A Preferred Stock, Series B Preferred Stock or Series E B Preferred Stock, as the case may be. The "Appraised Value" shall mean the fair market value of the Conversion Stock issuable upon conversion of the Series A Preferred Stock, Series B Preferred Stock or Series E B Preferred Stock, as the case may be, determined pursuant to the appraisal procedure set forth in the immediately succeeding sectionsection (the "Appraised Value"). The "Adjusted Value" shall be an amount per share equal to ---------------- the Adjusted Purchase Price of the Series A Preferred Stock (determined in accordance with the Series A Certificate of Designation), or of the Series B Preferred Stock (determined in accordance with the Series B Certificate of Designation) or of the Series E Preferred Stock (determined in accordance with the Series E Certificate of Designation), as the case may be, plus a cumulative accretion computed on the Adjusted Purchase Price at the rate of 8% per annum (compounded annually) from the date of issue up to the date of the Put Notice, reduced by an amount equal ------- to the aggregate of all declared and paid cash dividends, if any.