Common use of Conversion of Series A Preferred Stock Clause in Contracts

Conversion of Series A Preferred Stock. In addition to the consideration contemplated by Section 1.11(f), each share of Series A Preferred Stock issued and outstanding immediately prior to the Effective Time (other than a Dissenting Share) will be converted into and represent the right to receive a portion of the Total Final Merger Consideration Amount in cash and Buyer Stock with a value equal to the Series A Preference Amount in the combination of cash and Buyer Stock contemplated by Section 1.11(e) below.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Imation Corp), Agreement and Plan of Merger (Imation Corp)

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Conversion of Series A Preferred Stock. In addition to the consideration contemplated by Section 1.11(f), each Each issued and outstanding share of Series A Preferred Stock issued and outstanding immediately prior to the Effective Time (other than a shares to be canceled in accordance with Section 3.1(b), if any, and the Dissenting ShareShares) will shall be converted into and represent the right to receive a portion of the Total Final Merger Consideration Amount in cash and Buyer Stock with a value equal to the Series A Preference Amount in Share Price (the combination of cash and Buyer Stock contemplated by Section 1.11(e) below“Series A Merger Consideration”).

Appears in 2 contracts

Samples: Merger Agreement, Merger Agreement (Verint Systems Inc)

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Conversion of Series A Preferred Stock. In addition to the consideration contemplated by Section 1.11(f), each Each share of Series A Preferred Stock issued and outstanding immediately prior to the Effective Time of the Merger (other than a any shares of Series A Preferred Stock to be canceled pursuant to Section 3.1(b)(vi) and any Eligible Dissenting ShareShares (as provided in Section 3.1(e)) will shall be automatically converted into and represent solely the right to receive a portion of the Total Final Merger Consideration Amount in cash and Buyer Stock with a value equal to the Series A Preference Amount in the combination of cash and Buyer Stock contemplated by Section 1.11(e) belowPreference.

Appears in 1 contract

Samples: Merger Agreement (Itron Inc /Wa/)

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