Common use of Conversion of Company Common Stock Clause in Contracts

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be automatically converted into solely the right to receive in shares of Buyer Common Stock, the Common Merger Consideration.

Appears in 10 contracts

Samples: Merger Agreement (BSD Software Inc), Merger Agreement (Neomedia Technologies Inc), Merger Agreement (Neomedia Technologies Inc)

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Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will (other than any Company Common Stock to be canceled cancelled pursuant to Section 3.1(b)) shall be cancelled and extinguishedextinguished and be converted automatically into the right to receive one validly issued, fully paid and nonassessable share of NewCo Common Stock having the same designations, rights, powers and preferences, and each share the qualifications, limitations and restrictions thereof as the shares of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be automatically converted into solely the right to receive in shares of Buyer Common Stock, the Common Merger Considerationbeing so converted.

Appears in 4 contracts

Samples: Transaction Agreement (New Laser Corp), Transaction Agreement (New Laser Corp), Transaction Agreement (New Laser Corp)

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time Time, but excluding all Dissenting Shares and any Excluded Securities, will be canceled cancelled and extinguished, extinguished and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be automatically converted into solely the right to receive in (i) that number of shares of Buyer Parent Common Stock, Stock equal to the Common Merger ConsiderationStock Exchange Ratio; (ii) cash equal to the Cash Exchange Ratio; and (iii) cash to be paid in lieu of fractional shares in accordance with Section 2.6(e).

Appears in 2 contracts

Samples: Merger Agreement (Authorize.Net Holdings, Inc.), Agreement and Plan of Reorganization (Cybersource Corp)

Conversion of Company Common Stock. Each By virtue of the Merger and without any further action on the part of Parent, Company, the Merger Sub or the holders of any of Company’s securities, at the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time Time, but excluding any shares canceled pursuant to Section 1.6(c) and any Dissenting Shares, will be canceled automatically canceled, extinguished and extinguished, and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be automatically converted into solely the right to receive in shares of Buyer the Per Share Common StockStock Consideration, the Common Merger Considerationwithout interest.

Appears in 2 contracts

Samples: Merger Agreement (Bea Systems Inc), Merger Agreement (Plumtree Software Inc)

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share (other than any shares of Company Common Stock which is issued to be cancelled pursuant to Section 2.4(b) and outstanding immediately prior any "Dissenting Shares" (as defined and to the Effective Time (other than any Dissenting Shares (as extent provided in Section 2.72.4(h)) shall will be cancelled and extinguished and be converted automatically converted into solely the right to receive in 0.142636 shares of Buyer Parent Common Stock, Stock (the "Common Merger Consideration.Exchange Ratio");

Appears in 2 contracts

Samples: Merger Agreement (Vina Technologies Inc), Merger Agreement (Vina Technologies Inc)

Conversion of Company Common Stock. Each By virtue of the Merger and without any further action on the part of Parent, the Company, Merger Sub or the holders of any of the Company’s capital stock, at the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time Time, but excluding any shares canceled pursuant to Section 1.6(b) and any Dissenting Shares, will be canceled automatically canceled, extinguished and extinguished, and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be automatically converted into solely the right to receive in shares of Buyer the Per Share Common StockStock Consideration, the Common Merger Considerationwithout interest.

Appears in 2 contracts

Samples: Merger Agreement (Cash Systems Inc), Merger Agreement (Global Cash Access Holdings, Inc.)

Conversion of Company Common Stock. Each share of Company Common Stock (all issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share shares of Company Common Stock which is being hereinafter collectively referred to as the “Shares”) issued and outstanding immediately prior to the Effective Time (other than except as set forth in Section 2.01(b) and any Dissenting Shares (as provided in Section 2.7)Shares) shall be canceled and shall be converted automatically converted into solely the right to receive $33.75 in shares of Buyer Common Stockcash, without interest (the Common Merger Consideration”). The Merger Consideration is payable in accordance with Section 2.02(b).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Psychiatric Solutions Inc), Merger Agreement (Universal Health Services Inc)

Conversion of Company Common Stock. Each At the Effective Time, each share of Company Common Stock (after giving effect to the Company Preferred Stock Conversion and the Company Convertible Instrument Conversion, but excluding the Excluded Shares and Dissenting Shares, if any), issued and outstanding as of immediately prior to the Effective Time will be canceled and extinguished, and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be automatically canceled and extinguished and converted into solely the right to receive in shares of Buyer Common Stock, (i) the Common Merger Per Share Stock Consideration and (ii) the Per Share Reserve Consideration.

Appears in 2 contracts

Samples: Merger Agreement (TLG Acquisition One Corp.), Merger Agreement (TLG Acquisition One Corp.)

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share of Company Common Stock which is Share issued and outstanding immediately prior to the Effective Time (other than any (i) Shares to be cancelled and retired in accordance with Section 2.09(a), and (ii) Dissenting Shares (as provided in Section 2.7)Shares) shall be automatically converted into solely the right to receive in shares of Buyer Common Stock, the Common Closing Per Share Merger Consideration, without interest.

Appears in 2 contracts

Samples: Merger Agreement (4Front Ventures Corp.), Merger Agreement

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any shares to be cancelled in accordance with Section 3.1(b) and Dissenting Shares (as provided in Section 2.7)Shares) shall be automatically cancelled and converted into solely the right to receive an amount in shares of Buyer Common Stock, cash equal to the Common Offer Price (the “Merger Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digimarc Corp)

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share (including any shares of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided held in a Company Benefit Plan or related trust, but excluding shares cancelled in accordance with Section 2.71.8(b)) shall be automatically converted into solely and shall thereafter represent the right to receive in shares of Buyer Common Stock, the Common Merger Consideration.following consideration:

Appears in 1 contract

Samples: Merger Agreement (Alexanders J Corp)

Conversion of Company Common Stock. Each At the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share (other than any shares of Company Common Stock which is issued to be canceled pursuant to Section 1.5(b) and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7defined below)) shall will be canceled and extinguished and be converted automatically converted into solely the right to receive in 0.4356 shares of Buyer Parent Common Stock, Stock (the Common Merger Consideration“Exchange Ratio”). An aggregate of 6,250,000 shares of Parent Company Stock shall be issued to the stockholders of the Company in connection with the Merger.

Appears in 1 contract

Samples: Merger Agreement (Sontra Medical Corp)

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will (other than any Common Stock to be canceled cancelled pursuant to Section 2.01(b)) shall be cancelled and extinguishedextinguished and be converted automatically into the right to receive one validly issued, fully paid and nonassessable share of Holdings Common Stock having the same designations, rights, powers and preferences, and each share the qualifications, limitations and restrictions thereof as the shares of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be automatically converted into solely the right to receive in shares of Buyer Common Stock, the Common Merger Considerationbeing so converted.

Appears in 1 contract

Samples: Merger Agreement (Sirius Xm Holdings Inc.)

Conversion of Company Common Stock. Each By virtue of the Merger and without any further action on the part of Parent, the Company, Merger Sub or the holders of any of the Company’s securities, at the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time Time, but excluding any shares canceled pursuant to Section 1.6(b) and any Dissenting Shares, will be canceled automatically canceled, extinguished and extinguished, and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be automatically converted into solely the right to receive in shares of Buyer the Per Share Common StockStock Consideration, the Common Merger Considerationwithout interest.

Appears in 1 contract

Samples: Merger Agreement (Sigmatel Inc)

Conversion of Company Common Stock. Each share of common stock of the Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguishedTime, and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided shares to be cancelled in accordance with Section 2.7)) 1.8.B, shall be automatically converted into solely the right to receive in shares the appropriate proportionate share of Buyer Common Stock, the Common Merger Consideration. All shares that have been converted into the right to receive a proportionate share of the Merger Consideration shall as of the Effective Time no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist.

Appears in 1 contract

Samples: Merger Agreement (GlyEco, Inc.)

Conversion of Company Common Stock. Each At the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share (but after giving effect to the Conversion) (other than (a) any shares of Company Common Stock which is issued to be canceled pursuant to Section 2.1.3 and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)b) Dissenter Shares) shall be automatically converted into solely the right to receive in shares of Buyer the Total Per Share Common StockConsideration as set forth below, the Common Merger Consideration.at such time as is provided herein, subject to Section 2.1.7

Appears in 1 contract

Samples: Merger Agreement (Willbros Group, Inc.\NEW\)

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Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than any such shares to be canceled pursuant to Section 2.06(f) or constituting Dissenting Shares (as defined and to the extent provided in Section 2.07(a)) will be canceled cancelled and extinguishedextinguished and be converted automatically into the right to receive the Common Merger Consideration in the manner provided in Section 2.08, and each upon surrender of the certificate representing such share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be automatically converted into solely the right to receive in shares of Buyer Common Stock, the Common Merger Consideration.. 38

Appears in 1 contract

Samples: Merger Agreement (Apple Computer Inc)

Conversion of Company Common Stock. Each Other than any shares to be canceled pursuant to ‎Section 1.3(f), at the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share (including shares of Company Common Stock which is issued and outstanding immediately prior to upon the Effective Time (other than any Dissenting Shares (as provided Company Preferred Stock Conversion in Section 2.7accordance with ‎Section 1.3(b)) shall will be automatically converted into solely the right to receive in such number of shares of Buyer Parent Class A Common Stock, Stock equal to the Common Exchange Ratio (the “Per Share Merger Consideration”).

Appears in 1 contract

Samples: Merger Agreement (Fifth Wall Acquisition Corp. I)

Conversion of Company Common Stock. Each At the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than any shares of Company Common Stock to be canceled pursuant to Section 1.5(b)) will be canceled and extinguished, extinguished and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be converted automatically converted into solely the right to receive in 6.2676504 shares of Buyer Parent Common Stock, Stock (the Common Merger Consideration“Exchange Ratio”).

Appears in 1 contract

Samples: Merger Agreement (Bonds.com Group, Inc.)

Conversion of Company Common Stock. Each At the Effective ---------------------------------- Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share (other than any shares of Company Common Stock which is issued to be canceled pursuant to Section 1.6(b)(iv) and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.71.7)) shall will be converted automatically converted into solely the right to receive in that number of shares of Buyer Parent Common Stock equal to the Common Stock Exchange Ratio, rounded down to the nearest whole share of Parent Common Stock, the Common Merger Consideration.

Appears in 1 contract

Samples: Merger Agreement (Stamps Com Inc)

Conversion of Company Common Stock. Each At the Effective Time, by virtue of the Merger and without the need for any further action on the part of the holder thereof (except as expressly provided herein), each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided Company Common Stock to be cancelled in accordance with Section 2.72.5(e)) shall be automatically converted into solely and represent the right to receive $10.00 in shares of Buyer cash (the “Company Common Stock, the Common Merger ConsiderationStock Conversion Amount”) and without interest.

Appears in 1 contract

Samples: Merger Agreement (GateHouse Media, Inc.)

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than Dissenting Shares (as defined and to the extent provided in Section 1.6(a)) will be canceled and extinguished, extinguished and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be converted automatically converted into solely the right to receive in that number of shares of Buyer Acquiror Common Stock, Stock equal to the Common Merger ConsiderationExchange Ratio (as defined in Section 1.4(3)(i))).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Peoplesoft Inc)

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any shares of Company Common Stock to be canceled pursuant to Section 2.6(b), and any Dissenting Shares (as provided in Section 2.7)) shall be automatically converted into solely the right to receive in shares of Buyer Common Stockcash, without interest, the Common Merger Consideration.

Appears in 1 contract

Samples: Merger Agreement (Nexland Inc)

Conversion of Company Common Stock. Each At the Effective Time, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than any shares of Company Common Stock to be canceled pursuant to Section 1.4(b)) will be canceled and extinguished, extinguished and each share of Company Common Stock which is issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided in Section 2.7)) shall be converted automatically converted into solely the right to receive in 0.335598 shares of Buyer Parent Common Stock, subject to any adjustments made pursuant to Section 1.4(e) (the Common Merger Consideration“Exchange Ratio”).

Appears in 1 contract

Samples: Merger Agreement (SP Holding CORP)

Conversion of Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time will be canceled and extinguished, and each share (other than any shares of Company Common Stock which is issued to be cancelled pursuant to Section 1.6(c) and outstanding immediately prior to the Effective Time (other than any Dissenting Shares (as provided shares, if any, held by Persons exercising dissenters rights in accordance with Section 2.7)1.10) shall be automatically converted and exchanged, without any action on the part of the holders thereof, into solely the right to receive in 0.0456093 shares of Buyer Parent Common Stock, Stock (the Common Merger Consideration"Exchange Ratio").

Appears in 1 contract

Samples: Merger Agreement (Worldbid Corp)

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