Common use of Conversion of NBC's Class A Common Stock Clause in Contracts

Conversion of NBC's Class A Common Stock. On the Closing Date, any Class A Common Stock purchased pursuant to the Stock Purchase Agreement, dated as of June 11, 1999, between Xoom and NBC held by NBC or its Affiliates will be automatically converted into Class B Common Stock pursuant to the certificate of incorporation attached hereto as Exhibit 3.5. As soon as reasonably practicable after the Effective Time, NBC or its Affiliates, as the case may be, shall deliver any certificates representing such Class A Common Stock to Xenon 2 and NBC or its Affiliates, as the case may be, shall be entitled to receive in exchange a certificate representing the same number of shares of Class B Common Stock, which certificate shall, until such time as the same is no longer required hereunder or under the applicable requirements of the Securities Act or applicable state securities laws, bear the legend set forth in Section 3.8(d).

Appears in 3 contracts

Samples: Agreement and Plan (Xoom Inc), Agreement and Plan (General Electric Co), Agreement and Plan (General Electric Co)

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Conversion of NBC's Class A Common Stock. On the Closing Date, any ---------------------------------------- Class A Common Stock purchased pursuant to the Stock Purchase Agreement, dated as of June 11, 1999the date hereof, between Xoom XOOM and NBC held by NBC or its Affiliates will be automatically converted into Class B Common Stock pursuant to the certificate of incorporation attached hereto as Exhibit 3.5. As soon as reasonably practicable after the Effective Time, NBC or its Affiliates, as the case may be, shall deliver any certificates representing such Class A Common Stock to Xenon 2 and NBC or its Affiliates, as the case may be, shall be entitled to receive in exchange a certificate representing the same number of shares of Class B Common Stock, which certificate shall, until such time as the same is no longer required hereunder or under the applicable requirements of the Securities Act or applicable state securities laws, bear the legend set forth in Section 3.8(d).

Appears in 1 contract

Samples: Agreement and Plan (Xoom Inc)

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Conversion of NBC's Class A Common Stock. On the Closing Date, any ---------------------------------------- Class A Common Stock purchased pursuant to the Stock Purchase Agreement, dated as of June 11, 1999, between Xoom XOOM and NBC held by NBC or its Affiliates will be automatically converted into Class B Common Stock pursuant to the certificate of incorporation attached hereto as Exhibit 3.5. As soon as reasonably practicable after the Effective Time, NBC or its Affiliates, as the case may be, shall deliver any certificates representing such Class A Common Stock to Xenon 2 and NBC or its Affiliates, as the case may be, shall be entitled to receive in exchange a certificate representing the same number of shares of Class B Common Stock, which certificate shall, until such time as the same is no longer required hereunder or under the applicable requirements of the Securities Act or applicable state securities laws, bear the legend set forth in Section 3.8(d).

Appears in 1 contract

Samples: Agreement and Plan (General Electric Co)

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