Common use of CONVERSION OF NON-VOTING SHARES Clause in Contracts

CONVERSION OF NON-VOTING SHARES. During the term of this Agreement, any Investor holding Non-Voting Shares shall, prior to any conversion thereof (in whole or in part) (a "NVS CONVERSION") into common or other voting Shares of the Company in accordance with the terms thereof, deliver to the Company and the other Investors a notice (the "NVS CONVERSION NOTICE"), stipulating the number of Non-Voting Shares to be converted under the NVS Conversion, together with the proposed closing date thereof. Such Investor shall consult with the other Investors and the Company in order to collectively determine whether such NVS Conversion (i) would trigger a Potential Group Determination, as defined in the Organizational Documents, or (ii) would create a Regulatory Problem. If within ten days of receipt of the NVS Conversion Notice the Investors and the Company have not agreed with such Investor to permit the NVS Conversion, such matter shall be finally determined by a committee of the Board consisting of those independent members designated pursuant to Section 3.2(1)(b)(ii).

CONVERSION OF NON-VOTING SHARES. During the term of this Agreement, any Investor holding Non-Voting Shares shall, prior to any conversion thereof (in whole or in part) (a "NVS CONVERSION") into common or other voting Shares of the Company in accordance with the terms thereof, deliver to the Company and the other Investors a notice (the "NVS CONVERSION NOTICE"), stipulating the number of Non-Voting Shares to be converted under the NVS Conversion, together with the proposed closing date thereof. Such Investor shall consult with the other Investors and the Company in order to collectively determine whether such NVS Conversion (i) would trigger a Potential Group Determination, as defined in the Organizational Documents, or (ii) would create a Regulatory Problem. If within ten days of receipt of the NVS Conversion Notice the Investors and the Company have not agreed with such Investor to permit the NVS Conversion, such matter shall be finally determined by a committee of the Board consisting of those independent members designated pursuant to Section 3.2(1)(b)(ii).

CONVERSION OF NON-VOTING SHARES. During the term of this Agreement, any Investor holding Non-Voting Shares shall, prior to any conversion thereof (in whole or in part) (a "“NVS CONVERSION"Conversion”) into common or other voting Shares of the Company in accordance with the terms thereof, deliver to the Company and the other Investors a notice (the "“NVS CONVERSION NOTICE"Conversion Notice”), stipulating the number of Non-Voting Shares to be converted under the NVS Conversion, together with the proposed closing date thereof. Such Investor shall consult with the other Investors and the Company in order to collectively determine whether such NVS Conversion (i) would trigger a Potential Group Determination, as defined in the Organizational Documents, or (ii) would create a Regulatory Problem. If within ten days of receipt of the NVS Conversion Notice the Investors and the Company have not agreed with such Investor to permit the NVS Conversion, such matter shall be finally determined by a committee of the Board consisting of those independent members designated pursuant to Section 3.2(1)(b)(ii).

CONVERSION OF NON-VOTING SHARES. During the term of this Agreement, any Investor holding Non-Voting Shares shall, prior to any conversion thereof (in whole or in part) (a "''NVS CONVERSION"Conversion'') into common or other voting Shares of the Company in accordance with the terms thereof, deliver to the Company and the other Investors a notice (the "''NVS CONVERSION NOTICE"Conversion Notice''), stipulating the number of Non-Voting Shares to be converted under the NVS Conversion, together with the proposed closing date thereof. Such Investor shall consult with the other Investors and the Company in order to collectively determine whether such NVS Conversion (i) would trigger a Potential Group Determination, as defined in the Organizational Documents, or (ii) would create a Regulatory Problem. If within ten days of receipt of the NVS Conversion Notice the Investors and the Company have not agreed with such Investor to permit the NVS Conversion, such matter shall be finally determined by a committee of the Board consisting of those independent members designated pursuant to Section 3.2(1)(b)(ii).