Initial Interest

Initial Interest. Means, in respect of a Group, the aggregate number of shares of Common Stock into which the Group's Preferred Shares were convertible as of Closing of the Purchase Agreement on November 12, 1999, as adjusted for the 2-for-1 stock split in the Company's Common Stock in the form of a dividend of one share payable on May 31, 2002. As so adjusted, the Initial Interest of each Group was 4,285,715 shares of Common Stock (rounding the resulting fractional upwards to a whole share).

Initial Interest. Means the aggregate number of shares of Common Stock into which the Debentures held by Charterhouse or its Permitted Transferees may be converted as of the Closing.