Series A Conversion Clause Samples
Series A Conversion. All of the Series A Preferred Stock shall have been converted, such that there are no shares of Series A Preferred Stock or any other shares of preferred stock of the Company outstanding.
Series A Conversion. The holders of the Series A Preferred Shares shall have the following rights described below with respect to the conversion of the Series A Preferred Shares into Ordinary Shares. Subject to the provisions of Section 5.2, the number of Ordinary Shares to which a holder shall be entitled upon conversion of any Series A Preferred Share shall be the quotient of the Series A Share Price divided by the then-effective Series A Conversion Price (as defined below). For the avoidance of doubt, subject to the provisions of Section 5.2, the initial conversion ratio for Series A Preferred Shares to Ordinary Shares shall be 1:1, and subject to adjustments of the Series A Conversion Price, as set forth below:
Series A Conversion. For the avoidance of doubt, the Series A Preferred Units shall not be convertible into Common Units.
Series A Conversion. On or prior to the Closing Date, the Company shall cause each share of Preferred Stock (and any warrant to purchase Preferred Stock) to be converted (or, with respect to such warrant, exercised and converted) into fully paid and non-assessable share of Common Stock pursuant to and in accordance with the Charter and each Company Holder Agreement (the “Series A Conversion”).
Series A Conversion. The Series A Preferred shall be convertible into Common, as follows: