Corporate Conversion definition

Corporate Conversion shall have the meaning set forth in Section 7.7(b).

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Corporate Conversion means (a) a conversion (whether by merger, statutory conversion or otherwise) of the Company from a limited partnership to a corporation, (b) the consummation of an exchange of Capital Stock of the Company for Capital Stock in a corporation, whereby the Capital Stock of the Company ceases to be listed for trading on a national securities exchange and the common stock of such corporation is listed for trading on a national securities exchange or (c) an election by the Company to be treated as a corporation for U.S. federal income tax purposes.

Corporate Conversion means the conversion of the Company from a limited liability company to a corporation pursuant to the provisions of Article IX.

Examples of Corporate Conversion in a sentence

• The Company and the Members agree to use commercially reasonable efforts to effect such Corporate Conversion in a manner intended to be tax-free for the holders of the Units to the extent permitted by any applicable law.

• Unless otherwise determined by the Board on or prior to the second anniversary of the Effective Date, in the event that none of a Qualifying Termination, Equity Investment, Sale of the Company, Corporate Conversion or Initial Public Offering occurs on or prior to the second anniversary of the Effective Date, then any then-Unvested Units automatically shall be forfeited for no consideration.

• In connection with a Corporate Conversion, the rights and preferences and vesting conditions, if any, with respect to Units shall be preserved insofar as possible.

• In connection with a Corporate Conversion, the Board shall cause the resulting corporation to enter into such agreements as are necessary to provide the Members with rights with respect to such corporation which are substantially similar to the rights of such Members pursuant to this Agreement.

• Promptly following its receipt of a Conversion Notice, Grantor shall cause itself to undergo the Corporate Conversion.

More Definitions of Corporate Conversion

Corporate Conversion means the conversion of Zentalis Pharmaceuticals, LLC, a Delaware limited liability company, into the Company pursuant to a statutory conversion, effected in connection with the Company’s initial public offering.

Corporate Conversion means any merger, consolidation, conversion by filing, assignment of assets, or similar transaction or series of transactions resulting in a corporation substantially all of the assets of which consist of substantially all of the assets that were held directly or indirectly by the Company immediately prior to such transaction and substantially all the capital stock of which corporation is held by Persons who were either (i) Members immediately prior to such transaction or (ii) the owners of a Member the sole or principal asset of which Member was an Interest in the Company.

Corporate Conversion means the reorganization of Penn West Trust from a trust to a publicly traded exploration and production corporation, being Penn West, pursuant to a plan of arrangement completed under the ABCA effective January 1, 2011.

Corporate Conversion shall have the meaning set forth in Section 9.10(b).

Corporate Conversion shall have the meaning set forth in Section 10.04(a).

Corporate Conversion means the conversion of the Administrative Borrower from a partnership to a corporation pursuant to applicable Delaware law.

Corporate Conversion means (a) the conversion of Duke Energy Field Services, LLC from a limited liability company to a "C" corporation or (b) the merger of Duke Energy Field Services LLC with and into Duke Energy Field Services Corporation.