Common use of Expiration of Conversion Rights Clause in Contracts

Expiration of Conversion Rights. The conversion rights with regard to any and all Shares which do not become fully converted at the time set forth therefor shall be deemed expired and such Shares shall no longer be subject to conversion in accordance with the terms and conditions of this Agreement. Such Shares unconverted Shares shall be forfeited to the Company.

Expiration of Conversion Rights. The conversion rights with regard to any and all Shares which do not become fully converted at the time set forth therefor therefore shall be deemed expired and such Shares shall no longer be subject to conversion in accordance with the terms and conditions of this Agreement. Such Shares unconverted Shares shall be forfeited to the Company.