Mandatory Conversion on the Mandatory Conversion Date. Effective as of the close of business on the Mandatory Conversion Date with respect to any share of Designated Stock, such share of Designated Stock shall automatically convert into shares of Common Stock at the then-current Conversion Rate.
Appears in 4 contracts
Samples: Exchange Agreement (Broadway Financial Corp \De\), Exchange Agreement, Exchange Agreement
Mandatory Conversion on the Mandatory Conversion Date. Effective as of the close of business on the Mandatory Conversion Date with respect to any share of Designated Stock, such share of Designated Stock shall automatically convert into shares of Common Stock at the then-current Conversion RateRate (subject to the conversion procedures of Section 7 below).
Appears in 2 contracts
Samples: Share Exchange Agreement (Citigroup Inc), Exchange Agreement (Citigroup Inc)
