Common use of Conversion of Company Common Shares Clause in Contracts

Conversion of Company Common Shares. Subject to the provisions of this Section 3.1, each Company Common Share, other than Dissenting Shares and shares canceled pursuant to Section 3.1(a), issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive (i) the Per Share Cash Amount , without interest, or (ii) 2.5 Tribune Common Shares (the "COMMON EXCHANGE RATIO") (together with associated Rights) or (iii) a combination of cash and Tribune Common Shares (together with the associated Rights) determined in accordance with this Section (the "MIXED CONSIDERATION").

Appears in 3 contracts

Samples: Merger Agreement (Tribune Co), Merger Agreement (Stinehart William Jr), Merger Agreement (Stinehart William Jr)

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Conversion of Company Common Shares. Subject to the provisions of this Section 3.1, each Company Common Share, other than Dissenting Shares and shares canceled pursuant to Section 3.1(a), issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive (i) the Per Share Cash Amount , without interest, or (ii) 2.5 Tribune Common Shares (the "COMMON EXCHANGE RATIOCommon Exchange Ratio") (together with associated Rights) or (iii) a combination of cash and Tribune Common Shares (together with the associated Rights) determined in accordance with this Section (the "MIXED CONSIDERATIONMixed Consideration").

Appears in 1 contract

Samples: Merger Agreement (Times Mirror Co /New/)

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