Common use of Tranche A Clause in Contracts

Tranche A. Interest on the unpaid principal balance of Tranche A hereof shall accrue at the rate of 5.25% per annum, provided that in the event that the Security Event does not occur prior to the Security Deadline for any reason whatsoever, then notwithstanding anything contained herein, interest on the unpaid principal balance of Tranche A hereof shall be increased to accrue at the rate of 6.00% per annum at all times thereafter from the Security Deadline until the same becomes due and payable on the Maturity Date, or such earlier due date or such earlier date upon acceleration or by conversion or redemption in accordance with the terms hereof or of the other Agreements (subject to the Default Rate). The Company shall pay the interest accrued under Tranche A quarterly in arrears on the first business day of each consecutive calendar quarter (each an "Interest Payment Date") beginning on January 2, 2003. Subject to the terms of this Section 1, the Company shall have the right to satisfy such interest payment ("Tranche A Interest") in full in cash or in shares of Common Stock (or a combination thereof) at the Company's option. All holders of Notes must be treated equally (proportionate to their original principal amounts) with respect to the payment of interest.