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Conditional Call

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Conditional call
Applies mainly to convertible securities. Circumstances under which a company can effect an earlier call, usually stated as percentage of a stock's trading price during a particular period, such as 140% of the exercise price during a 40-day trading span.

Conditional Call
A provision in a convertible security agreement outlining the circumstances under which the issuer of the convertible security may call it without allowing the holder to exercise the convertible option. Most of the time, the conditional call states that the issuer may call the convertible security if the price of the underlying stock is trading outside a certain range, such that exercising the convertible option will put an undue strain on the issuer.


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In addition, Ferrovial and Macquarie Airports agreed to grant each other conditional call and put options on the holdings of Ferrovial Aeropuertos in the capital of the companies managing airports in Sydney and Bristol.
3D Systems Corporation (NASDAQ:TDSC), a leading provider of rapid 3-D printing, prototyping and manufacturing solutions, announced that today all of its outstanding shares of Series B Convertible Preferred Stock were converted by their holders into shares of the Company's Common Stock as of the close of business on June 8, 2006 in connection with its previously announced conditional call for redemption of the preferred stock.
3D Systems Corporation (Nasdaq:TDSC), a leading provider of rapid 3-D printing, prototyping and manufacturing solutions, announced today that all of its outstanding 7% Convertible Subordinated Debentures due 2006 had been converted by their holders into shares of the Company's Common Stock as of December 30, 2004, in connection with its previously announced conditional call for redemption of these Debentures.
 
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