Common use of Void Conversion Notice Clause in Contracts

Void Conversion Notice. If for any reason a Holder has not received all of the shares of Common Stock to which such Holder is entitled prior to the fifth (5th) Trading Day after the Share Delivery Date with respect to a conversion of Preferred Shares, then the Holder, upon written notice to the Company, with a copy to the Transfer Agent, may void its Conversion Notice with respect to, and retain or have returned, as the case may be, any Preferred Shares that have not been converted pursuant to such Holder's Conversion Notice; provided that the voiding of a Holder's Conversion Notice shall not effect the Company's obligations to make any payments which have accrued prior to the date of such notice pursuant to Section 3(c)(iv)(A) or otherwise.

Appears in 2 contracts

Samples: Merger Agreement (Digitalglobe Inc), Shareholder Agreement (Digitalglobe Inc)

AutoNDA by SimpleDocs

Void Conversion Notice. If for any reason a Holder has not received all of the shares of Common Stock to which such Holder is entitled prior to the fifth (5th) Trading Day after the Share Delivery Date with respect to a conversion of Preferred Shares, then the Holder, upon written notice to the Company, with a copy to the Transfer Agent, may void its Conversion Notice with respect to, and retain or have returned, as the case may be, any Preferred Shares that have not been converted pursuant to such Holder's ’s Conversion Notice; provided that the voiding of a Holder's ’s Conversion Notice shall not effect the Company's ’s obligations to make any payments which have accrued prior to the date of such notice pursuant to Section 3(c)(iv)(A) or otherwise.

Appears in 2 contracts

Samples: Merger Agreement (GeoEye, Inc.), Purchase Agreement (GeoEye, Inc.)

AutoNDA by SimpleDocs

Void Conversion Notice. If for any reason a Holder has not received all of the shares of Common Stock to which such Holder is entitled prior to on the fifth (5th) Trading Day after the applicable Share Delivery Date with respect to a conversion of Series A Preferred Shares, then the such Holder, upon written notice to the Company, with a copy to the Transfer Agent, Company may void its Conversion Notice with respect to, and retain or have returned, as the case may be, any Series A Preferred Shares that have not been converted pursuant to such Holder's ’s Conversion Notice; provided that the voiding of a Holder's ’s Conversion Notice shall not effect affect the Company's ’s obligations to make any payments which have accrued prior to the date of such notice pursuant to Section 3(c)(iv)(A5(c)(iv)(A) or otherwise.

Appears in 1 contract

Samples: Recapitalization Agreement (Acacia Research Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!