Effect of Merger on Conversion Privilege Sample Clauses

Effect of Merger on Conversion Privilege. From and after the Effective Time (as defined below), the Holder of each Security then outstanding shall have the right pursuant to the procedures provided in the Indenture to convert such Security solely into cash, and any portion of the Conversion Obligation in excess of the principal amount of Securities being converted or Make-Whole Premium that a Holder is entitled to receive upon conversion in connection with the Transactions shall not be payable in shares of Common Stock but will represent a right to receive the amount of cash receivable upon the consummation of the Transactions by the holder of the shares of Common Stock otherwise issuable upon such conversion had such additional shares of Common Stock been outstanding immediately prior to the consummation of the Transactions.
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Effect of Merger on Conversion Privilege 
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Related to Effect of Merger on Conversion Privilege

  • Effect of Merger, Consolidation or Conversion (a) At the effective time of the certificate of merger:

  • Effect of Merger on Capital Stock At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, the Company or the holders of any equity interests of the Company or Merger Sub, as applicable:

  • Effect of Merger (a) At the effective time of the certificate of merger:

  • Conversion of Merger Sub Common Stock At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.

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