Conversion to Class A Units. (A) In the event that a holder of Series E Preferred Stock exercises its right to convert such Series E Preferred Stock into REIT Shares, then, concurrently therewith, an equivalent number of Series E Preferred Units shall be automatically converted into a number of Class A Units equal to (x) the number of REIT Shares issued upon conversion of such Series E Preferred Shares divided by (y) the Conversion Factor. Any such conversion will be effective at the same time as the conversion of Series E Preferred Stock into REIT Shares is effective.
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Samples: Smith Charles E Residential Realty Inc, Smith Charles E Residential Realty Lp
Conversion to Class A Units. (A) In the event that a holder of Series E B Preferred Stock exercises its right to convert such Series E B Preferred Stock into REIT Shares, then, concurrently therewith, an equivalent number of Series E B Preferred Units shall be automatically converted into a number of Class A Units equal to (x) the number of REIT Shares issued upon conversion of such Series E B Preferred Shares divided by (y) the Conversion Factor. Any such conversion will be effective at the same time as the conversion of Series E B Preferred Stock into REIT Shares is effective.
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Samples: Smith Charles E Residential Realty Inc, Smith Charles E Residential Realty Lp
Conversion to Class A Units. (A) In the event that a holder of Series E G Preferred Stock exercises its right to convert such Series E G Preferred Stock into REIT Shares, then, concurrently therewith, an equivalent number of Series E G Preferred Units shall be automatically converted into a number of Class A Units equal to (x) the number of REIT Shares issued upon conversion of such Series E G Preferred Shares divided by (y) the Conversion Factor. Any such conversion will be effective at the same time as the conversion of Series E G Preferred Stock into REIT Shares is effective.
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Conversion to Class A Units. (A) In the event that a holder of Series E F Preferred Stock exercises its right to convert such Series E F Preferred Stock into REIT Shares, then, concurrently therewith, an equivalent number of Series E F Preferred Units shall be automatically converted into a number of Class A Units equal to (x) the number of REIT Shares issued upon conversion of such Series E F Preferred Shares divided by (y) the Conversion Factor. Any such conversion will be effective at the same time as the conversion of Series E F Preferred Stock into REIT Shares is effective.
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Conversion to Class A Units. (A) In the event that a holder of Series E A Preferred Stock exercises its right to convert such Series E A Preferred Stock into REIT Shares, then, concurrently therewith, an equivalent number of Series E A Preferred Units shall be automatically converted into a number of Class A Units equal to (x) the number of REIT Shares issued upon conversion of such Series E A Preferred Shares divided by (y) the Conversion Factor. Any such conversion will be effective at the same time as the conversion of Series E A Preferred Stock into REIT Shares is effective.
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