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

Conversion of Series A Preferred Stock. Immediately prior to the Effective Time, each share of Series A Preferred Stock that is issued and outstanding immediately prior to the Effective Time will, in connection with the Merger and without the need for any further action on the part of Acquirer, Sub, Company or the holder thereof, be cancelled and deemed converted into one share of Company Common Stock immediately prior to the Effective Time pursuant to Section 4.1.1 of Article Fourth of Company’s Certificate of Incorporation, as may be amended from time to time (the “Conversion”).

Appears in 2 contracts

Samples: Merger Agreement, Merger Agreement (Arrowhead Research Corp)

AutoNDA by SimpleDocs

Conversion of Series A Preferred Stock. Immediately prior Subject to the terms and conditions of this Agreement, at the Effective Time, by virtue of the Merger, each share of Series A Preferred Stock that is issued and outstanding immediately prior to the Effective Time will(excluding any Disregarded Shares), in connection with the Merger and without the need for any further action on the part of Acquirer, Sub, Company or the holder thereof, shall automatically be cancelled and deemed converted to convert into one share of Company Common Stock in accordance with the Certificate of Incorporation immediately prior to the Effective Time pursuant to and shall be treated in accordance with Section 4.1.1 of Article Fourth of Company’s Certificate of Incorporation, as may be amended from time to time (the “Conversion”2.1(e).

Appears in 1 contract

Samples: Merger Agreement (Ellie Mae Inc)

AutoNDA by SimpleDocs

Conversion of Series A Preferred Stock. Immediately prior Subject to the terms and conditions of this Agreement, at the Effective Time, by virtue of the Merger, each share of Series A Preferred Stock that is issued and outstanding immediately prior to the Effective Time will(excluding any Disregarded Shares), in connection with the Merger and without the need for any further action on the part of Acquirer, Sub, Company or the holder thereof, shall automatically be cancelled and deemed converted to convert into one share of Company Common Stock in accordance with the Certificate of Incorporation immediately prior to the Effective Time pursuant to and shall be treated in accordance with Section 4.1.1 of Article Fourth of Company’s Certificate of Incorporation, as may be amended from time to time (the “Conversion”2.1(g).

Appears in 1 contract

Samples: Merger Agreement (Vonage Holdings Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!