Common use of Preferred Share Conversion Clause in Contracts

Preferred Share Conversion. Each of the Preferred Shares that is issued and outstanding immediately prior to such time shall be converted into one Ordinary Share on a one-for-one basis, by re-designation and re-classification, in accordance with the Company Charter (the “Preferred Share Conversion”).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (L Catterton Asia Acquisition Corp), Merger Agreement (L Catterton Asia Acquisition Corp)

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Preferred Share Conversion. Each of the Preferred Shares that is issued and outstanding immediately prior to such time shall be converted re- designated and re-classified into one Ordinary Share on a one-for-one basis, by re-designation and re-classification, basis in accordance with the Company Charter (the “Preferred Share Conversion”).

Appears in 1 contract

Samples: Merger Agreement

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Preferred Share Conversion. Each of the Preferred Shares that is issued and outstanding immediately prior to such time shall be converted re-designated and re-classified into one Ordinary Share on a one-for-one basis, by re-designation and re-classification, basis in accordance with the Company Charter (the “Preferred Share Conversion”).

Appears in 1 contract

Samples: Merger Agreement (COVA Acquisition Corp.)

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