Permitted Conversions of -District Debt. Notwithstanding any provision of this Agreement to the contrary, each of the -District Creditors may convert the -District Debt in whole or in part into shares of ’s common stock (and shall be permitted to issue shares of its common stock to the -District Creditors upon any such conversion) in accordance with the provisions of the A&R -District Notes as in effect on the Effective Date without any violation of this Agreement (collectively, “Permitted -District Conversions”, and each, individually, a “Permitted -District Conversion”); provided for the avoidance of doubt, any such Permitted -District Conversion # shall be effected at the sole and absolute discretion of the -District Creditors (in accordance with the terms of the A&R -District Notes as in effect on the Effective Date) and # shall not constitute a -District Prohibited Payment (as defined below).
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