Common use of Conversion of Company Preferred Stock Clause in Contracts

Conversion of Company Preferred Stock. Each share of Series B Convertible Preferred Stock, par value $.01 per share, of the Company (the "COMPANY PREFERRED STOCK"; all issued and outstanding shares of Company Preferred Stock being hereinafter collectively referred to as the "PREFERRED SHARES" and, together with the Common Shares, the "SHARES") issued and outstanding immediately prior to the Effective Time (other than Shares to be cancelled pursuant to Section 2.01(c) and Dissenting Shares) shall automatically be converted into the right to receive the Preferred Merger Consideration, payable upon surrender in the manner provided in Section 2.02 of the certificate that formerly evidenced such Preferred Share, subject to adjustment as provided in Section 2.01(e).

Conversion of Company Preferred Stock. Each share of Series B Convertible Preferred Stock, par value $.01 per share, of the Company (the "COMPANY PREFERRED STOCK"“Company Preferred Stock”; all issued and outstanding shares of Company Preferred Stock being hereinafter collectively referred to as the "PREFERRED SHARES" “Preferred Shares” and, together with the Common Shares, the "SHARES"“Shares”) issued and outstanding immediately prior to the Effective Time (other than Shares to be cancelled pursuant to Section 2.01(c) and Dissenting Shares) shall automatically be converted into the right to receive the Preferred Merger Consideration, payable upon surrender in the manner provided in Section 2.02 of the certificate that formerly evidenced such Preferred Share, subject to adjustment as provided in Section 2.01(e).

Conversion of Company Preferred Stock. Each share of Series B Convertible Preferred Stock, par value $.01 per share, of the Company (the "COMPANY PREFERRED STOCKCompany Preferred Stock"; all issued and outstanding shares of Company Preferred Stock being hereinafter collectively referred to as the "PREFERRED SHARESPreferred Shares" and, together with the Common Shares, the "SHARESShares") issued and outstanding immediately prior to the Effective Time (other than Shares to be cancelled pursuant to Section 2.01(c) and Dissenting Shares) shall automatically be converted into the right to receive the Preferred Merger Consideration, payable upon surrender in the manner provided in Section 2.02 of the certificate that formerly evidenced such Preferred Share, subject to adjustment as provided in Section 2.01(e).