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Common use of CONVERSION FOR PURPOSE OF CALCULATION Clause in Contracts

CONVERSION FOR PURPOSE OF CALCULATION. For purposes of this paragraph 6, any Stockholder, including without limitation Warburg, holding both Common Stock and/or Preferred Stock shall be deemed to own the number of shares of Common Stock which he or it would hold assuming full conversion of all Preferred Stock held. Similarly all calculations of sale percentages shall be made for purpose of this paragraph 6 on an as converted basis.

Appears in 2 contracts

Samples: Stockholders Agreement (Indus International), Stockholders Agreement (TSW International Inc)

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CONVERSION FOR PURPOSE OF CALCULATION. For purposes of this paragraph 6Section 2, any StockholderXxxxxxxx and each other stockholder of the Company, including without limitation Warburg, holding both Common Stock and/or Preferred Stock shall be deemed to own the number of shares of Common Stock which he or it would hold assuming full conversion of all Preferred Stock held. Similarly all calculations of sale percentages shall be made for purpose of this paragraph 6 Section 2 on an as converted basis.

Appears in 2 contracts

Samples: Stockholder's Rights Agreement (TSW International Inc), Stockholder's Rights Agreement (Indus International)

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