Common use of Post-IPO Clause in Contracts

Post-IPO. AGI covenants and agrees with DSC that if, from and after the consummation of an IPO, there is a Change in Control of AGI or MSI, AGI will immediately convert, and will cause all of its controlled Affiliates to convert, all of the Class B Common Stock of the Company beneficially owned by AGI and such Affiliates into shares of Class A Common Stock of the Company such that, under the Company's Certificate of Incorporation as then in effect, AGI, alone or together with its controlled Affiliates, will no longer have the right to elect a majority of the Company's Board of Directors.

Appears in 4 contracts

Samples: Agreement (Associated Group Inc), Agreement (Cherrywood Holdings Inc), Agreement (Teligent Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.