Common use of Conversion of Convertible Loans Clause in Contracts

Conversion of Convertible Loans. Prior to the Closing Date, any loans ------------------------------- outstanding that are convertible into Shares (including the Convertible Loan) shall be converted into Shares, and each such loan shall cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Sources: Merger Agreement, Merger Agreement (Sohu Com Inc)

Conversion of Convertible Loans. Prior to the Closing Date, any loans ------------------------------- outstanding that are convertible into Shares (including the Convertible Loan) shall be have been converted into Shares, and each such loan shall cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor thereof and shall cease to exist.

Appears in 2 contracts

Sources: Merger Agreement, Merger Agreement (Sohu Com Inc)