Agreement to Convert. (a) Within five (5) Business Days (as defined in the Company LLC Agreement) of the date of this Agreement, the Company shall, pursuant to and in accordance with Section 5.12(b)(ix)(A) of the Company LLC Agreement, mail to the Unitholder a notice of the Series A Change of Control Offer (as defined in the Company LLC Agreement) (the “Notice”).
Agreement to Convert. HIG agrees to convert its 100,000 shares of Preferred Stock in return for 650,000 shares of Common Stock, and hereby delivers to LTC HIG's stock certificates representing the Preferred Stock.
Agreement to Convert. (a) To the extent a Shareholder desires to Transfer any Shares to someone other than a Permitted Transferee, such Shareholders shall first convert such Shares into shares of Common Stock in accordance with the Company’s Charter and shall be free thereafter to Transfer such shares of Common Stock to any such party without restriction or limitation hereunder.
Agreement to Convert. Each Class B Holder (other than Holdco) agrees that from and after the Threshold Date, on the first date (the "Specified Date") that such Class B Holder (together with its applicable Family Group) ceases to hold of record at least such Class B Holder's Threshold Number of shares of Class B Stock, such Class B Holder (together with its applicable Family Group) (x) shall Transfer any shares of Class B Stock held of record by such Class B Holder to any other Class B Holder who (together with its applicable Family Group) at such time continues to hold of record at least such other Class B Holder's Threshold Number of shares of Class B Stock and who exercises its right of first offer, in accordance with the right of first offer provisions of the Class B Stockholder Agreement, and (y) following compliance with the right of first offer provisions of the Class B Stockholder Agreement, shall immediately convert all remaining shares of Class B Stock held of record by it (and its applicable Family Group) to Class A Stock in accordance with the Charter; provided, however, that if any applicable Class B Holder (or Family Group member) shall fail to surrender such Class B shares for conversion as so required by the close of business on the Business Day following such compliance, the Company on behalf of such holder (or Family Group member) shall cause such conversion to occur as of such date, and each party hereto consents to treating such Class B shares as having been surrendered for conversion in accordance with Section 2(f) of Article IV of the Charter as of such date.
Agreement to Convert. Holder hereby agrees to convert the Debt into shares of the Company's Common Stock at the conversion rate of one (1) share of Common Stock for every $0.004 dollars of Debt (with any fractional amount rounded to the nearest whole, and; the Company hereby agrees to issue the shares of its Common Stock to the Holder to convert the Debt into that number of shares of its Common Stock as set forth in Exhibit A attached hereto. The Company hereby further agrees to issue a certificate representing the shares of its Common Stock in the name of Holder as soon as practicable following the execution and delivery of this Agreement.
Agreement to Convert. Subject to the terms of this Conversion Agreement, the undersigned investor (the “Investor”) agrees to convert (the “Conversion”) 50,000 shares (the “Converted Preferred Stock”) of Preferred Stock of The Cheesecake Factory Incorporated, a Delaware corporation (the “Company”) that it beneficially owns into shares (the “Conversion Shares”) of the Company’s common stock, $0.01 par value per share (the “Common Stock”), together, if applicable, with cash in lieu of any fractional share, in accordance with the Section 10(b) of the Certificate of Designations governing the Preferred Stock (the “Certificate of Designations”). The parties acknowledge and agree that, upon consummation of the Conversion, the Investor shall hold no further shares of Preferred Stock and no shares of Common Stock except for those shares of Common Stock that will be received as a result of the Conversion.
Agreement to Convert. Subject to Section 3 of this Agreement, pursuant to and accordance with the Amendment, I agree that each of my shares of Jersey Preferred Stock (except for shares of my Jersey Preferred Stock which I have previously converted) shall immediately prior to the Effective Time automatically be converted into .8695 shares of Jersey Common Stock. I understand that I will not receive any fractional share resulting from such conversion, but in lieu thereof, you will pay me a sum equal to the Average Closing Price multiplied by such fraction of a whole share of Jersey Common Stock.
Agreement to Convert. If the Offer is consummated in accordance with its terms and the Company purchases any Shares but does not purchase all of the Stockholder's Shares, the Stockholder will take all actions required to exercise his right to convert his Shares that represent Class B Common Stock into Shares that represent Class A Common Stock, effective on or before the first Business Day after the Closing Date.
Agreement to Convert. Not less than 11 and not more than 15 Business Days following the Expiration Date, and upon the terms and subject to the conditions set forth in this Agreement, each Investor, severally and not jointly, shall convert, pursuant to the terms of Article V of the XXXXx Indenture, all XXXXx acquired by it in connection with the Exchange Offer into shares of Common Stock, and the Company shall issue such shares of Common Stock upon the Conversion to each such Investor.
Agreement to Convert. In consideration for 98,580 shares of Ligand common stock (the "Incentive Shares") to be issued by Ligand to EIS, an affiliate of Monksland, at the request of Monksland, and subject to the terms and conditions of this Agreement, Monksland hereby agrees to convert $20,000,000 of the issue price of the Note plus $1,021,610 accrued interest under the terms and conditions of the Note as of the date hereof. Also, at the request of Monksland, the shares to be issued by Ligand upon conversion of such portion of and interest on the Note shall be issued to EIS at the request of Monksland.
