Conversion of Series A Preferred. The Series A Preferred is not convertible into or exchangeable for any other property or securities of the Corporation except as provided in Article VII of the Charter.
Conversion of Series A Preferred. All outstanding shares of Series A Preferred Stock shall have been converted to Common Stock of Xybridge prior to, or effective upon, the Closing.
Conversion of Series A Preferred. Each issued and outstanding share of Series A Preferred shall have been converted to Common Stock.
Conversion of Series A Preferred. Effective immediately and without further documentation, Holder hereby converts the number of shares of Preferred Stock listed below its signature into the identical number of fully-paid and non-assessable shares of Common Stock of the Company.
Conversion of Series A Preferred. Connetics shall have delivered a notice of conversion of the Series A Preferred Stock to be effective upon the delivery of its Series A Preferred Stock certificate, which certificate shall be delivered promptly following the payment of the dividend by the Company to Connetics contemplated by Article IV.A.1 of the Restated Articles.
Conversion of Series A Preferred. Effective as of 11:59 P.M. Pacific time on October 22, 2002, each share of Series A Preferred owned by each Non-Participating Holder shall automatically and without further action on the part of such Non-Participating Holder be converted into one (1) share of Common Stock. Effective upon, subject to, and concurrently with, the consummation of each Participating Holder’s purchase of its Pro Rata Share of the shares of Series B Preferred issued and sold by the Company pursuant to the terms of this Agreement, each share of Series A Preferred owned by such Participating Holder shall automatically and without further action on the part of such Participating Holder be converted into one (1) share of Series A-1 Preferred.
Conversion of Series A Preferred. If, while this Warrant remains outstanding and unexpired, all of the shares of Series A Preferred are converted into Common Stock in accordance with the terms of the Certificate of Incorporation of the Company, this Warrant shall become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would be received if this Warrant were exercised in full and the shares of Series A Preferred received thereupon were simultaneously converted immediately prior to such event, and the Exercise Price in effect immediately prior to such event shall be appropriately and proportionately adjusted (provided the aggregate Exercise Price shall remain the same).
Conversion of Series A Preferred. At the Effective Time, each share of Series A Preferred shall be converted into the right to receive, and each holder of Series A Preferred shall receive, a certificate representing the number of Parent Shares (each Parent Share to be valued at the average closing price per share of Parent Common Stock as quoted on NASDAQ for the five (5) trading days immediately preceding the Closing Date) equal in value to the quotient determined by dividing (A) $281,197 by (B) the aggregate number of shares of Company Common Stock issuable upon the conversion of all issued and outstanding Series A Preferred shares immediately prior to the Closing Date.
Conversion of Series A Preferred. Each share of Series A Preferred issued and outstanding immediately prior to the Effective Time (other than (i) shares of Series A Preferred to be cancelled in accordance with Section 2.02(a) and (ii) Dissenting Shares) shall be converted into the right to receive a portion of the Aggregate Closing Merger Consideration allocated to the Series A Preferred in the Distribution Waterfall, in cash, without interest, at the time and subject to the contingencies specified herein and in the Payment Agency Agreement, such portion to be determined in accordance with the Distribution Waterfall.
Conversion of Series A Preferred. Each share of Series D Convertible Preferred Stock shall be convertible into Common Stock at a conversion price of $0.002 per share (the "Conversion Price"), on the conditions set forth below, on the date on which the purchaser issues written notice for conversion.
(i) Upon conversion of shares of Series D Convertible Preferred Stock in shares of Common Stock, the Holder shall received 200 shares of Common Stock for each share held of Preferred Stock.
(ii) Upon conversion of shares of Series D Convertible Preferred Stock into shares of Common Stock, the Holder shall surrender the certificate(s) evidencing the shares of Series D Convertible Preferred Stock that have been converted (the "Converted Shares") at the principal office of the Corporation (or such other office or agency of the Corporation as the Corporation may designate by notice in writing to the Holders of the Series D Convertible Preferred Stock) at any time during its usual business hours, and designate in writing the name(s) (with addresses) and denominations in which the certificate(s) evidencing the Converted Shares shall be issued, and instructions for the delivery thereof. Upon its receipt of the foregoing, the Corporation shall be obligated to, and shall promptly, issue and deliver in accordance with such instructions the certificate(s) evidencing the Converted Shares issuable upon such conversion. Upon conversion, the rights of the holder of such Converted Shares as such holder shall cease, and the Person(s) in whose name or names any certificate(s) evidencing the Converted Shares are to be issued upon such conversion shall be deemed to have become the holder(s) of record of the Converted Shares.
(iii) Upon the issuance of the Converted Shares in accordance with this Section 2, such shares shall be deemed to be duly authorized, validly issued, fully paid and non-assessable.
