Common use of Conversion of Common Stock Clause in Contracts

Conversion of Common Stock. Each Share issued and outstanding immediately prior to the Effective Time (other than (i) Shares to be cancelled and retired in accordance with Section 3.1(a) and (ii) Dissenting Shares (each, an “Excluded Share” and collectively, the “Excluded Shares”)) will automatically be converted into the right to receive the Offer Price in cash, without interest (the “Merger Consideration”), payable upon surrender of such Shares in the manner provided in Section 3.2.

Appears in 3 contracts

Samples: Merger Agreement (Lifecore Biomedical Inc), Merger Agreement (Hampshire Group LTD), Merger Agreement (Naf Holdings Ii, LLC)

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Conversion of Common Stock. Each Share issued and outstanding immediately prior to the Effective Time (other than (i) Shares to be cancelled and retired in accordance with Section 3.1(a) and (ii) Dissenting Shares (each, an “Excluded Share” and collectively, the “Excluded Shares”)) will automatically be converted into the right to receive an amount equal to $11.45 per share, net to the Offer Price holder thereof in cash, cash and without interest thereon and subject to adjustment pursuant to Section 3.1(e) below (the “Merger Consideration”), payable upon surrender of such Shares in the manner provided in Section 3.2.

Appears in 2 contracts

Samples: Merger Agreement (American Fiber Systems, Inc.), Merger Agreement (Fibernet Telecom Group Inc\)

Conversion of Common Stock. Each Share issued and outstanding immediately prior to the Effective Time (other than (i) Shares to be cancelled and retired in accordance with Section 3.1(a) and (ii) Dissenting Shares (each, an “Excluded Share” and collectively, the “Excluded Shares”)) will shall automatically be converted into the right to receive the Offer Price in cash, without interest (the “Merger Consideration”), subject to reduction for any dividends or other distributions declared thereon between the date hereof and the Effective Time payable upon surrender of such Shares in the manner provided in Section 3.2.

Appears in 2 contracts

Samples: Merger Agreement (Stiefel Laboratories, Inc.), Merger Agreement (Barrier Therapeutics Inc)

Conversion of Common Stock. Each Share share of Common Stock that is issued and outstanding immediately prior to the Effective Time (other than (i) Shares shares to be cancelled and retired in accordance with Section 3.1(a) 2.1(a), and (ii) Dissenting Shares (each, an “Excluded Share” and collectively, the “Excluded Shares”)) will automatically be converted into the right to receive the Offer Price $2.75 in cash, without interest (the “Merger Consideration”), payable upon surrender of such Shares shares in the manner provided in Section 3.22.4.

Appears in 1 contract

Samples: Merger Agreement (Artio Global Investors Inc.)

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Conversion of Common Stock. Each Share issued and outstanding immediately prior to the Effective Time (other than (i) Shares to be cancelled and retired in accordance with Section 3.1(a2.1(a) and (ii) Dissenting Shares (each, an “Excluded Share” and collectively, the “Excluded Shares”)) will automatically be converted into the right to receive the Offer Price $15.60 in cash, without interest (the “Merger Consideration”), payable upon surrender of such Shares in the manner provided in Section 3.22.2.

Appears in 1 contract

Samples: Merger Agreement (Hireright Inc)

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