Post Closing Conversion Clause Samples
Post Closing Conversion. 2.1.9.1. Certificated Share Status Post Closing, Intermediary will be in possession of restricted convertible Preferred Share Certificates for each Investor(s)'s Breakout/Workout Portion.
2.1.9.2. Preferred Conversion Prior to Registration or Breakout/Workout, Intermediary will cause those certificates to be included in the Registration or Breakout/Workout to be converted from Preferred to Common Shares by filing notice with the Company on behalf of the Investor(s) (the "Conversion Notification"). A Conversion Notification Form is attached as Exhibit C to each Unit Subscription Agreement. The Conversion Notice identifies the Preferred Shares being converted and the Common Shares to be delivered to the Intermediary.
2.1.9.3. Company Conversion Company will convert to Common Shares those Preferred Shares which such Conversion Notice describes and deliver those Common Shares to the Intermediary as per the Intermediaries Instructions.
Post Closing Conversion. The Administrative Agent and the Lenders hereby consent to the conversion of each of Pushpros and Aimtell from a corporation to a limited liability company with the Company as its sole member following the Acquisition.