{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "par-value", "type": "clause", "offset": [38, 47]}, {"key": "company-class-a-1-common-stock", "type": "definition", "offset": [67, 97]}, {"key": "class-a-2-common-stock", "type": "definition", "offset": [101, 123]}, {"key": "of-the-company", "type": "clause", "offset": [369, 383]}, {"key": "issued-and-outstanding", "type": "clause", "offset": [384, 406]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [419, 446]}, {"key": "election-of", "type": "clause", "offset": [474, 485]}, {"key": "the-holder", "type": "clause", "offset": [486, 496]}, {"key": "in-accordance-with", "type": "definition", "offset": [505, 523]}, {"key": "the-procedures", "type": "definition", "offset": [524, 538]}, {"key": "validly-issued", "type": "clause", "offset": [599, 613]}, {"key": "fully-paid-and-nonassessable", "type": "clause", "offset": [615, 643]}, {"key": "class-l-1-common-stock", "type": "definition", "offset": [653, 675]}, {"key": "the-surviving-corporation", "type": "clause", "offset": [707, 732]}, {"key": "equal-to", "type": "definition", "offset": [770, 778]}, {"key": "the-exchange-ratio", "type": "clause", "offset": [791, 809]}, {"key": "class-n-common-stock", "type": "definition", "offset": [1139, 1159]}, {"key": "class-l-common-stock", "type": "definition", "offset": [1295, 1315]}, {"key": "and-the-company", "type": "clause", "offset": [1506, 1521]}, {"key": "company-capital-stock", "type": "definition", "offset": [1551, 1572]}, {"key": "payment-of", "type": "definition", "offset": [1727, 1737]}, {"key": "the-consideration", "type": "clause", "offset": [1766, 1783]}, {"key": "section-21", "type": "clause", "offset": [1802, 1813]}, {"key": "with-respect-to", "type": "clause", "offset": [1829, 1844]}, {"key": "at-the-effective-time", "type": "clause", "offset": [1982, 2003]}, {"key": "shares-of-company", "type": "clause", "offset": [2034, 2051]}, {"key": "stock-shall", "type": "definition", "offset": [2060, 2071]}, {"key": "right-to-receive", "type": "clause", "offset": [2251, 2267]}, {"key": "consideration-payable", "type": "clause", "offset": [2279, 2300]}, {"key": "in-respect-of", "type": "clause", "offset": [2301, 2314]}], "size": 12, "snippet": "Each share of Class A-1 Common Stock, par value $0.001 per share (\u201cCompany Class A-1 Common Stock\u201d), Class A-2 Common Stock, par value $0.001 per share (\u201cCompany Class A-2 Common Stock\u201d), Class A-3 Common Stock, par value $0.001 per share (\u201cCompany Class A-3 Common Stock\u201d) and Class A-4 Common Stock, par value $0.001 per share, (the \u201cCompany Class A-4 Common Stock\u201d) of the Company issued and outstanding immediately prior to the Effective Time shall be converted, at the election of the holder thereof in accordance with the procedures set forth herein, into either (i) a fraction of a newly and validly issued, fully paid and nonassessable share of Class L-1 Common Stock, par value $0.01 per share, of the Surviving Corporation (\u201cSurviving Class L-1 Common Stock\u201d) equal to one half of the Exchange Ratio and a fraction of a newly and validly issued, fully paid and nonassessable share of Class L-2 Common Stock, par value $0.01 per share, of the Surviving Corporation (\u201cSurviving Class L-2 Common Stock\u201d) equal to one half of the Exchange Ratio or (ii) a fraction of a newly and validly issued, fully paid and nonassessable share of Class N Common Stock, par value $0.01 per share, of the Surviving Corporation (\u201cSurviving Class N Common Stock\u201d) equal to the Exchange Ratio. Each share of Class L Common Stock, par value $0.001 per share (the \u201cCompany Class L Common Stock\u201d and, together with the Company Class A-1 Common Stock, the Company Class A-2 Common Stock, the Company Class A-3 Common Stock and the Company Class A-4 Common Stock, the \u201cCompany Capital Stock\u201d), of the Company, none of which will be issued and outstanding at or immediately prior to the Effective Time, shall automatically cease to exist without payment of any consideration therefor. The consideration described in this Section 2.1(a) and payable with respect to a particular share of Company Capital Stock is referred to herein as the \u201cMerger Consideration.\u201d Except as provided in this Section 2.1, at the Effective Time, by virtue of the Merger, all shares of Company Capital Stock shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each certificate previously representing any such shares shall thereafter represent the right to receive the Merger Consideration payable in respect of such shares of Company Capital Stock.", "samples": [{"hash": "b8ZceDurvhN", "uri": "/contracts/b8ZceDurvhN#conversion-generally", "label": "Merger Agreement (LCE Mexican Holdings, Inc.)", "score": 21.0, "published": true}, {"hash": "9ADXtWLBZ42", "uri": "/contracts/9ADXtWLBZ42#conversion-generally", "label": "Merger Agreement (Marquee Holdings Inc.)", "score": 21.0, "published": true}, {"hash": "99jYiToTquk", "uri": "/contracts/99jYiToTquk#conversion-generally", "label": "Merger Agreement (Amc Entertainment Inc)", "score": 21.0, "published": true}], "hash": "5e5fa917fed57dc006488225f00be240", "id": 1}, {"snippet_links": [{"key": "issued-and-outstanding", "type": "clause", "offset": [35, 57]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [70, 97]}, {"key": "shares-of-company", "type": "clause", "offset": [118, 135]}, {"key": "common-stock-to-be", "type": "clause", "offset": [136, 154]}, {"key": "pursuant-to-section", "type": "definition", "offset": [165, 184]}, {"key": "owned-by", "type": "definition", "offset": [233, 241]}, {"key": "company-subsidiary", "type": "clause", "offset": [246, 264]}, {"key": "subsidiary-of", "type": "definition", "offset": [272, 285]}, {"key": "appraisal-shares", "type": "definition", "offset": [304, 320]}, {"key": "subject-to-section", "type": "clause", "offset": [342, 360]}, {"key": "right-to-receive", "type": "clause", "offset": [378, 394]}, {"key": "in-cash", "type": "definition", "offset": [405, 412]}, {"key": "equal-to", "type": "definition", "offset": [413, 421]}, {"key": "the-offer-price", "type": "clause", "offset": [422, 437]}, {"key": "payable-to", "type": "definition", "offset": [439, 449]}, {"key": "the-holder", "type": "clause", "offset": [450, 460]}, {"key": "at-the-effective-time", "type": "clause", "offset": [517, 538]}, {"key": "stock-shall", "type": "definition", "offset": [574, 585]}, {"key": "the-merger-consideration", "type": "clause", "offset": [833, 857]}], "size": 11, "snippet": "Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than (i) any shares of Company Common Stock to be cancelled pursuant to Section 4.1(b), (ii) any shares of Company Common Stock owned by any Company Subsidiary or any Subsidiary of Parent, and (iii) Appraisal Shares) shall be converted, subject to Section 4.2(d), into the right to receive an amount in cash equal to the Offer Price, payable to the holder thereof, without interest (the \u201cMerger Consideration\u201d). At the Effective Time, all such shares of Company Common Stock shall cease to be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each Certificate which immediately prior to the Effective Time represented any such shares shall thereafter represent only the right to receive the Merger Consideration therefor.", "samples": [{"hash": "TJQbSHSkdg", "uri": "/contracts/TJQbSHSkdg#conversion-generally", "label": "Merger Agreement (Solutia Inc)", "score": 22.7741273101, "published": true}, {"hash": "6DxxT2Vk91I", "uri": "/contracts/6DxxT2Vk91I#conversion-generally", "label": "Merger Agreement (Southwall Technologies Inc /De/)", "score": 22.7741273101, "published": true}], "hash": "ef0f348eefc7c13453b0f403d1a7c69c", "id": 2}, {"snippet_links": [{"key": "par-value", "type": "clause", "offset": [28, 37]}, {"key": "company-common-stock", "type": "definition", "offset": [73, 93]}, {"key": "issued-and-outstanding", "type": "clause", "offset": [96, 118]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [131, 158]}, {"key": "shares-of-company", "type": "clause", "offset": [175, 192]}, {"key": "common-stock-to-be", "type": "clause", "offset": [193, 211]}, {"key": "pursuant-to-section", "type": "definition", "offset": [221, 240]}, {"key": "rights-of-the-company", "type": "clause", "offset": [274, 295]}, {"key": "amended-and-restated", "type": "definition", "offset": [344, 364]}, {"key": "preferred-shares", "type": "clause", "offset": [365, 381]}, {"key": "dated-as-of", "type": "definition", "offset": [400, 411]}, {"key": "rights-agent", "type": "clause", "offset": [472, 484]}, {"key": "as-amended", "type": "definition", "offset": [486, 496]}, {"key": "company-rights-agreement", "type": "clause", "offset": [511, 535]}, {"key": "section-22", "type": "clause", "offset": [570, 581]}, {"key": "right-to-receive", "type": "clause", "offset": [594, 610]}, {"key": "a-share", "type": "definition", "offset": [621, 628]}, {"key": "exchange-ratio", "type": "definition", "offset": [714, 728]}, {"key": "stock-shall", "type": "definition", "offset": [766, 777]}, {"key": "shares-of-parent-common-stock", "type": "clause", "offset": [1017, 1046]}, {"key": "the-merger", "type": "clause", "offset": [1101, 1111]}, {"key": "whole-shares", "type": "clause", "offset": [1230, 1242]}, {"key": "in-consideration", "type": "clause", "offset": [1273, 1289]}, {"key": "in-accordance-with", "type": "definition", "offset": [1339, 1357]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1358, 1383]}, {"key": "no-fractional-share", "type": "clause", "offset": [1407, 1426]}, {"key": "in-lieu", "type": "definition", "offset": [1471, 1478]}, {"key": "cash-payment", "type": "definition", "offset": [1490, 1502]}, {"key": "made-pursuant-to", "type": "clause", "offset": [1512, 1528]}], "size": 6, "snippet": "Each share of common stock, par value $0.001 per share, of the Company (\u201cCompany Common Stock\u201d) issued and outstanding immediately prior to the Effective Time (other than any shares of Company Common Stock to be canceled pursuant to Section 2.1.2), including the associated rights of the Company (the \u201cCompany Rights\u201d) pursuant to that certain Amended and Restated Preferred Shares Rights Agreement, dated as of June 24, 1999, between the Company and BankBoston, N.A., as Rights Agent, as amended to date (the \u201cCompany Rights Agreement\u201d), shall be converted, subject to Section 2.2.5, into the right to receive 0.0510 of a share of common stock, par value $0.001 per share (\u201cParent Common Stock\u201d), of Parent (the \u201cExchange Ratio\u201d). All such shares of Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each certificate previously representing any such shares shall thereafter represent the right to receive a certificate representing the shares of Parent Common Stock into which such Company Common Stock was converted in the Merger. Certificates previously representing shares of Company Common Stock shall be exchanged for certificates representing whole shares of Parent Common Stock issued in consideration therefor upon the surrender of such certificates in accordance with the provisions of Section 2.2, without interest. No fractional share of Parent Common Stock shall be issued, and in lieu thereof, a cash payment shall be made pursuant to Section 2.2.5 hereof.", "samples": [{"hash": "kDEKUhFb6Ng", "uri": "/contracts/kDEKUhFb6Ng#conversion-generally", "label": "Merger Agreement (DG FastChannel, Inc)", "score": 21.0, "published": true}, {"hash": "eBqSUZbddts", "uri": "/contracts/eBqSUZbddts#conversion-generally", "label": "Merger Agreement (Enliven Marketing Technologies Corp)", "score": 21.0, "published": true}], "hash": "cbbe62af0416f53d654ef20251e1efc2", "id": 3}, {"snippet_links": [{"key": "common-stock-of-the-company", "type": "definition", "offset": [14, 41]}, {"key": "par-value-per-share", "type": "clause", "offset": [46, 65]}, {"key": "company-common-stock", "type": "definition", "offset": [68, 88]}, {"key": "issued-and-outstanding", "type": "clause", "offset": [92, 114]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [127, 154]}, {"key": "shares-of-company", "type": "clause", "offset": [171, 188]}, {"key": "common-stock-to-be", "type": "clause", "offset": [189, 207]}, {"key": "pursuant-to-section", "type": "definition", "offset": [217, 236]}, {"key": "dissenting-shares", "type": "definition", "offset": [251, 268]}, {"key": "right-to-receive", "type": "clause", "offset": [299, 315]}, {"key": "in-cash", "type": "definition", "offset": [323, 330]}, {"key": "payable-to", "type": "definition", "offset": [332, 342]}, {"key": "the-holder", "type": "clause", "offset": [343, 353]}, {"key": "all-shares", "type": "clause", "offset": [410, 420]}, {"key": "the-merger-consideration", "type": "clause", "offset": [496, 520]}, {"key": "in-accordance-with", "type": "definition", "offset": [889, 907]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [912, 935]}, {"key": "entry-shares", "type": "clause", "offset": [959, 971]}, {"key": "section-32", "type": "definition", "offset": [1281, 1292]}], "size": 6, "snippet": "Each share of common stock of the Company, no par value per share (\u201cCompany Common Stock\u201d), issued and outstanding immediately prior to the Effective Time (other than any shares of Company Common Stock to be canceled pursuant to Section 3.1.2 and any Dissenting Shares), shall be converted into the right to receive $48.00 in cash, payable to the holder thereof, without interest (the \u201cMerger Consideration\u201d). All shares of Company Common Stock that have been converted into the right to receive the Merger Consideration as provided in this Section 3.1.1 shall as of the Effective Time no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each Certificate and each Book-Entry Share which immediately prior to the Effective Time represented such shares shall thereafter represent only the right to receive the Merger Consideration therefor in accordance with the terms of this Agreement. Certificates and Book-Entry Shares previously representing shares of Company Common Stock (other than any shares of Company Common Stock to be canceled pursuant to Section 3.1.2) shall be exchanged for the Merger Consideration, without interest, upon the surrender of such Certificates or Book-Entry Shares in accordance with the provisions of Section 3.2.", "samples": [{"hash": "f2uiVDB6cIq", "uri": "/contracts/f2uiVDB6cIq#conversion-generally", "label": "Agreement and Plan of Merger (LKQ Corp)", "score": 21.0, "published": true}, {"hash": "9ELo6VdvHZd", "uri": "/contracts/9ELo6VdvHZd#conversion-generally", "label": "Merger Agreement (Keystone Automotive Industries Inc)", "score": 21.0, "published": true}], "hash": "c2483ebfdf8e822de214e52e2c7e41c6", "id": 4}, {"snippet_links": [{"key": "par-value", "type": "clause", "offset": [28, 37]}, {"key": "of-the-company", "type": "clause", "offset": [55, 69]}, {"key": "company-common-stock", "type": "definition", "offset": [72, 92]}, {"key": "issued-and-outstanding", "type": "clause", "offset": [95, 117]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [130, 157]}, {"key": "shares-of-company", "type": "clause", "offset": [174, 191]}, {"key": "common-stock-to-be", "type": "clause", "offset": [192, 210]}, {"key": "pursuant-to-section", "type": "definition", "offset": [220, 239]}, {"key": "subject-to-section", "type": "clause", "offset": [268, 286]}, {"key": "right-to-receive", "type": "clause", "offset": [304, 320]}, {"key": "exchange-ratio", "type": "definition", "offset": [338, 352]}, {"key": "a-share", "type": "definition", "offset": [358, 365]}, {"key": "parent-common-stock", "type": "definition", "offset": [412, 431]}, {"key": "stock-shall", "type": "definition", "offset": [509, 520]}, {"key": "consideration-payable", "type": "clause", "offset": [740, 761]}, {"key": "in-respect-of", "type": "clause", "offset": [762, 775]}], "size": 6, "snippet": "Each share of common stock, par value $0.01 per share, of the Company (\"Company Common Stock\") issued and outstanding immediately prior to the Effective Time (other than any shares of Company Common Stock to be canceled pursuant to Section 2.1(b)) shall be converted, subject to Section 2.2(e), into the right to receive (i) 1.6451 (the \"Exchange Ratio\") of a share of common stock, par value $0.001 per share (\"Parent Common Stock\"), of Parent (the \"Merger Consideration\"). All such shares of Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each certificate previously representing any such shares shall thereafter represent the right to receive the Merger Consideration payable in respect of such shares of Company Common Stock.", "samples": [{"hash": "jmzzFyOWVWg", "uri": "/contracts/jmzzFyOWVWg#conversion-generally", "label": "Merger Agreement (Variagenics Inc)", "score": 21.0, "published": true}, {"hash": "bMpTkIa6I7u", "uri": "/contracts/bMpTkIa6I7u#conversion-generally", "label": "Merger Agreement (Hyseq Inc)", "score": 18.0, "published": true}], "hash": "6073d77b9c3600394c01449f4e1602d5", "id": 5}, {"snippet_links": [{"key": "issued-and-outstanding", "type": "clause", "offset": [23, 45]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [58, 85]}, {"key": "right-to-receive", "type": "clause", "offset": [148, 164]}, {"key": "acquiror-common-stock", "type": "definition", "offset": [165, 186]}, {"key": "the-company-shares", "type": "clause", "offset": [234, 252]}, {"key": "the-merger-consideration", "type": "clause", "offset": [489, 513]}, {"key": "the-holding-company-merger", "type": "clause", "offset": [563, 589]}], "size": 4, "snippet": "(i) each Company Share issued and outstanding immediately prior to the Effective Time shall be converted into and shall become exchangeable for the right to receive Acquiror Common Stock as provided in Section 2.1(b); and\n(ii) all of the Company Shares that were outstanding immediately prior to the Effective Time shall no longer be outstanding and shall cease to exist, and each certificate previously representing any such Company Shares shall thereafter represent the right to receive the Merger Consideration into which such Company Shares were converted in the Holding Company Merger.", "samples": [{"hash": "ckvMF8pBg7u", "uri": "/contracts/ckvMF8pBg7u#conversion-generally", "label": "Merger Agreement (Foothill Independent Bancorp)", "score": 21.0, "published": true}, {"hash": "1Qg77MDL0Fp", "uri": "/contracts/1Qg77MDL0Fp#conversion-generally", "label": "Merger Agreement (Foothill Independent Bancorp)", "score": 21.0, "published": true}], "hash": "98932816cb101f763116ac3c192eded1", "id": 6}, {"snippet_links": [{"key": "par-value", "type": "clause", "offset": [28, 37]}, {"key": "of-the-company", "type": "clause", "offset": [54, 68]}, {"key": "company-common-stock", "type": "definition", "offset": [71, 91]}, {"key": "issued-and-outstanding", "type": "clause", "offset": [94, 116]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [129, 156]}, {"key": "shares-of-company", "type": "clause", "offset": [173, 190]}, {"key": "common-stock-to-be", "type": "clause", "offset": [191, 209]}, {"key": "pursuant-to-section", "type": "definition", "offset": [219, 238]}, {"key": "by-stockholders", "type": "clause", "offset": [299, 314]}, {"key": "in-favor-of-the-merger", "type": "clause", "offset": [334, 356]}, {"key": "in-writing", "type": "clause", "offset": [378, 388]}, {"key": "appraisal-rights", "type": "definition", "offset": [408, 424]}, {"key": "section-262", "type": "definition", "offset": [437, 448]}, {"key": "dissenting-stockholders", "type": "clause", "offset": [463, 486]}, {"key": "section-22", "type": "clause", "offset": [522, 533]}, {"key": "right-to-receive", "type": "clause", "offset": [546, 562]}, {"key": "in-cash", "type": "definition", "offset": [570, 577]}, {"key": "payable-to", "type": "definition", "offset": [579, 589]}, {"key": "the-holder", "type": "clause", "offset": [590, 600]}, {"key": "at-the-effective-time", "type": "clause", "offset": [657, 678]}, {"key": "stock-shall", "type": "definition", "offset": [714, 725]}, {"key": "the-merger-consideration", "type": "clause", "offset": [934, 958]}, {"key": "the-surviving-corporation", "type": "clause", "offset": [1014, 1039]}, {"key": "fair-value", "type": "definition", "offset": [1048, 1058]}, {"key": "in-accordance-with", "type": "definition", "offset": [1113, 1131]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1332, 1357]}], "size": 4, "snippet": "Each share of common stock, par value $.01 per share, of the Company (\"Company Common Stock\") issued and outstanding immediately prior to the Effective Time (other than any shares of Company Common Stock to be canceled pursuant to Section 2.1.2 and any shares of Company Common Stock which are held by stockholders who have not voted in favor of the Merger or consented thereto in writing and are exercising appraisal rights pursuant to Section 262 of the DGCL (\"Dissenting Stockholders\")), shall be converted, subject to Section 2.2.4, into the right to receive $10.54 in cash, payable to the holder thereof, without interest (the \"Merger Consideration\"). At the Effective Time, all such shares of Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each certificate previously representing any such shares shall thereafter represent the right to receive the Merger Consideration therefor or the right, if any, to receive payment from the Surviving Corporation of the \"fair value\" of such shares of Company Common Stock as determined in accordance with Section 262 of the DGCL. Certificates previously representing shares of Company Common Stock shall be exchanged for the Merger Consideration upon the surrender of such certificates in accordance with the provisions of Section 2.2, without interest.", "samples": [{"hash": "isUPVF5mSuH", "uri": "/contracts/isUPVF5mSuH#conversion-generally", "label": "Merger Agreement (Harrahs Entertainment Inc)", "score": 21.0, "published": true}, {"hash": "fif1a2oGTZd", "uri": "/contracts/fif1a2oGTZd#conversion-generally", "label": "Merger Agreement (JCC Holding Co)", "score": 18.0, "published": true}], "hash": "7fc82180942c3a8e4e8b6d3e4377f5e4", "id": 7}, {"snippet_links": [{"key": "change-in-the-interest-rate-mode", "type": "definition", "offset": [21, 53]}, {"key": "bonds-of-a-series", "type": "definition", "offset": [75, 92]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [146, 172]}, {"key": "auction-rate-period", "type": "definition", "offset": [264, 283]}, {"key": "auction-rate-bonds", "type": "definition", "offset": [329, 347]}, {"key": "any-change", "type": "definition", "offset": [357, 367]}, {"key": "authority-and", "type": "clause", "offset": [418, 431]}, {"key": "entered-into", "type": "clause", "offset": [505, 517]}, {"key": "securities-depository", "type": "clause", "offset": [525, 546]}, {"key": "with-respect-to", "type": "clause", "offset": [590, 605]}, {"key": "without-limitation", "type": "clause", "offset": [656, 674]}, {"key": "designation-of", "type": "definition", "offset": [693, 707]}, {"key": "cusip-numbers", "type": "clause", "offset": [719, 732]}, {"key": "the-requirements", "type": "clause", "offset": [748, 764]}, {"key": "adjustable-rate", "type": "clause", "offset": [923, 938]}, {"key": "fixed-rate", "type": "definition", "offset": [972, 982]}, {"key": "by-the-trustee", "type": "clause", "offset": [1062, 1076]}, {"key": "trustee-shall", "type": "definition", "offset": [1085, 1098]}, {"key": "registrar-and-paying-agent", "type": "definition", "offset": [1110, 1136]}, {"key": "in-its-discretion", "type": "clause", "offset": [1211, 1228]}, {"key": "the-principal-amount", "type": "definition", "offset": [1322, 1342]}, {"key": "integral-multiple", "type": "definition", "offset": [1362, 1379]}, {"key": "commercial-paper-rate-period", "type": "definition", "offset": [1404, 1432]}, {"key": "daily-rate-period", "type": "definition", "offset": [1436, 1453]}, {"key": "weekly-rate-period", "type": "clause", "offset": [1457, 1475]}, {"key": "monthly-rate-period", "type": "definition", "offset": [1481, 1500]}, {"key": "other-time", "type": "clause", "offset": [1624, 1634]}, {"key": "agent-shall", "type": "definition", "offset": [1716, 1727]}, {"key": "number-of", "type": "clause", "offset": [1765, 1774]}, {"key": "registered-bond", "type": "definition", "offset": [1840, 1855]}, {"key": "applicable-units", "type": "definition", "offset": [2117, 2133]}, {"key": "represented-by", "type": "definition", "offset": [2268, 2282]}, {"key": "notice-of-intention", "type": "definition", "offset": [2327, 2346]}, {"key": "to-convert", "type": "clause", "offset": [2347, 2357]}, {"key": "unit-or-units", "type": "definition", "offset": [2391, 2404]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [2405, 2425]}, {"key": "the-case", "type": "definition", "offset": [2443, 2451]}, {"key": "holders-of", "type": "clause", "offset": [2464, 2474]}, {"key": "payment-of-the-purchase-price", "type": "clause", "offset": [2565, 2594]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [2631, 2658]}, {"key": "bond-or-bonds", "type": "definition", "offset": [2811, 2824]}, {"key": "in-the-aggregate", "type": "definition", "offset": [2825, 2841]}, {"key": "balance-of-the", "type": "clause", "offset": [2866, 2880]}, {"key": "principal-of", "type": "definition", "offset": [2881, 2893]}, {"key": "subject-to", "type": "definition", "offset": [2909, 2919]}, {"key": "payment-and-exchange", "type": "clause", "offset": [3094, 3114]}, {"key": "due-and-payable", "type": "clause", "offset": [3167, 3182]}, {"key": "to-the-extent", "type": "clause", "offset": [3216, 3229]}], "size": 4, "snippet": "1. In the event of a Change in the Interest Rate Mode on less than all the Bonds of a series or subseries to or from an Auction Rate, the minimum aggregate principal amount of Bonds that continue to bear, or are adjusted to bear interest at an Auction Rate for an Auction Rate Period, shall not be less than $20,000,000 for such Auction Rate Bonds.\n2. Upon any Change in the Interest Rate Mode to an Auction Rate, the Authority and the Trustee, shall take all steps necessary to comply with any agreement entered into with a Securities Depository or its nominee pursuant to Section 2.03(5) with respect to such Change in the Interest Rate Mode, including, without limitation, the purchase and designation of sufficient CUSIP numbers to comply with the requirements of such Securities Depository following any such Change in the Interest Rate Mode.\n3. If the interest rate on less than all Bonds is to be converted to a new Adjustable Rate pursuant to Section 4.01 or to a Fixed Rate pursuant to Section 4.02, the particular Bonds to be converted shall be chosen by the Trustee, or the Trustee shall direct the Registrar and Paying Agent to so choose, in such manner as the Trustee or Registrar and Paying Agent in its discretion may deem proper; provided, however, that the portion of any Bond to be converted shall be in the principal amount of $100,000 or any integral multiple of such amount during a Commercial Paper Rate Period, a Daily Rate Period, a Weekly Rate Period or a Monthly Rate Period, $50,000 or any integral multiple thereof during an Auction Rate Period, or $5,000 or any integral multiple thereof at any other time and that, in selecting Bonds for conversion, the Trustee or Registrar and Paying Agent shall treat each Bond as representing that number of Bonds which is obtained by dividing the principal amount of such registered Bond in excess of $100,000 by $100,000 during a Commercial Paper Rate Period, a Daily Rate Period, a Weekly Rate Period or a Monthly Rate Period, $50,000 during an Auction Rate Period, and $5,000 at any other time (such amounts being hereinafter referred to as the \"applicable units of principal amount\"). If it is determined that one or more, but not all of the $100,000, $50,000 or $5,000 units of principal amount represented by any such Bond is to be converted, then upon notice of intention to convert such $100,000, $50,000 or $5,000 unit or units pursuant to Sections 4.01 or 4.02, as the case may be, the Holders of such Bonds shall forthwith surrender such Bonds to the Registrar and Paying Agent for (1) payment of the purchase price (including the premium, if any, and accrued and unpaid interest to the date fixed for conversion) of the $100,000, $50,000 or $5,000 unit or units of principal amount called for conversion and (2) exchange for a new Bond or Bonds in the aggregate principal amount of the balance of the principal of such Bonds not subject to conversion. If the Holders of any such Bond of a denomination greater than $100,000, $50,000 or $5,000 shall fail to present such Bond to the Registrar and Paying Agent, for payment and exchange as aforesaid, such Bond shall, nevertheless, become due and payable on the date fixed for conversion to the extent of the $100,000, $50,000 or $5,000 unit or units of principal amount subject to such conversion (and to that extent only).", "samples": [{"hash": "4Z39qfvM4wY", "uri": "/contracts/4Z39qfvM4wY#conversion-generally", "label": "Trust Indenture (Consolidated Edison Co of New York Inc)", "score": 18.0, "published": true}], "hash": "b292c5bf3252c41ddca1d420ee224631", "id": 8}, {"snippet_links": [{"key": "issued-and-outstanding", "type": "clause", "offset": [11, 33]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [46, 73]}, {"key": "by-parent", "type": "clause", "offset": [106, 115]}, {"key": "the-purchaser", "type": "definition", "offset": [117, 130]}, {"key": "owned-subsidiary", "type": "definition", "offset": [143, 159]}, {"key": "subsidiary-of-the-company", "type": "clause", "offset": [242, 267]}, {"key": "the-merger", "type": "clause", "offset": [296, 306]}, {"key": "any-action", "type": "definition", "offset": [319, 329]}, {"key": "the-holder", "type": "clause", "offset": [345, 355]}, {"key": "no-payment", "type": "clause", "offset": [426, 436]}, {"key": "dissenting-shares", "type": "definition", "offset": [478, 495]}, {"key": "right-to-receive", "type": "clause", "offset": [561, 577]}, {"key": "in-cash", "type": "definition", "offset": [585, 592]}, {"key": "merger-consideration", "type": "definition", "offset": [599, 619]}, {"key": "payable-to", "type": "definition", "offset": [623, 633]}, {"key": "the-certificate", "type": "clause", "offset": [698, 713]}], "size": 3, "snippet": "Each Share issued and outstanding immediately prior to the Effective Time (other than (i) any Shares held by Parent, the Purchaser, any wholly-owned subsidiary of Parent or the Purchaser, in the treasury of the Company or by any wholly-owned subsidiary of the Company, which Shares, by virtue of the Merger and without any action on the part of the holder thereof, shall be cancelled and retired and shall cease to exist with no payment being made with respect thereto and (ii) Dissenting Shares), shall be cancelled and retired and shall be converted into the right to receive $0.105 in cash (the \u201cMerger Consideration\u201d), payable to the holder thereof, without interest thereon, upon surrender of the certificate formerly representing such Shares.", "samples": [{"hash": "f1t67muQYB7", "uri": "/contracts/f1t67muQYB7#conversion-generally", "label": "Merger Agreement (Xyratex LTD)", "score": 21.0, "published": true}, {"hash": "ccgZreTmIja", "uri": "/contracts/ccgZreTmIja#conversion-generally", "label": "Merger Agreement (Nstor Technologies Inc)", "score": 21.0, "published": true}, {"hash": "aPk3Qj59E6q", "uri": "/contracts/aPk3Qj59E6q#conversion-generally", "label": "Merger Agreement (Xyratex LTD)", "score": 21.0, "published": true}], "hash": "400db8a7baec3ff9739a62dc6aa76070", "id": 9}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [0, 11]}, {"key": "original-issue-date", "type": "definition", "offset": [22, 41]}, {"key": "all-amounts-due", "type": "clause", "offset": [48, 63]}, {"key": "paid-in-full", "type": "clause", "offset": [85, 97]}, {"key": "this-note", "type": "clause", "offset": [99, 108]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [157, 179]}, {"key": "at-the-option-of-the-holder", "type": "clause", "offset": [180, 207]}, {"key": "from-time-to-time", "type": "clause", "offset": [225, 242]}, {"key": "conversion-limitations", "type": "clause", "offset": [259, 281]}, {"key": "notice-of-conversion", "type": "clause", "offset": [384, 404]}, {"key": "form-of", "type": "definition", "offset": [410, 417]}, {"key": "annex-a", "type": "definition", "offset": [446, 453]}, {"key": "the-principal-amount", "type": "definition", "offset": [507, 527]}, {"key": "other-amounts-due", "type": "clause", "offset": [552, 569]}, {"key": "note-to", "type": "definition", "offset": [581, 588]}, {"key": "conversion-date", "type": "definition", "offset": [675, 690]}, {"key": "no-conversion", "type": "clause", "offset": [697, 710]}, {"key": "deemed-delivered", "type": "clause", "offset": [828, 844]}, {"key": "original-notice", "type": "definition", "offset": [863, 878]}, {"key": "medallion-guarantee", "type": "clause", "offset": [926, 945]}, {"key": "type-of-guarantee", "type": "clause", "offset": [956, 973]}, {"key": "any-notice", "type": "definition", "offset": [994, 1004]}, {"key": "conversion-form", "type": "clause", "offset": [1008, 1023]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [1205, 1232]}, {"key": "effect-of", "type": "definition", "offset": [1344, 1353]}, {"key": "outstanding-principal-amount", "type": "definition", "offset": [1367, 1395]}, {"key": "equal-to", "type": "definition", "offset": [1422, 1430]}, {"key": "applicable-conversion-amount", "type": "definition", "offset": [1435, 1463]}, {"key": "the-company-shall", "type": "clause", "offset": [1480, 1497]}, {"key": "conversion-schedule", "type": "definition", "offset": [1509, 1528]}, {"key": "date-of", "type": "clause", "offset": [1624, 1631]}, {"key": "day-of", "type": "clause", "offset": [1741, 1747]}, {"key": "delivery-of", "type": "clause", "offset": [1748, 1759]}, {"key": "in-the-event-of", "type": "definition", "offset": [1787, 1802]}, {"key": "the-records", "type": "clause", "offset": [1831, 1842]}, {"key": "manifest-error", "type": "definition", "offset": [1914, 1928]}, {"key": "acceptance-of-this", "type": "clause", "offset": [1962, 1980]}, {"key": "acknowledge-and-agree", "type": "clause", "offset": [1987, 2008]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [2028, 2050]}, {"key": "conversion-of", "type": "clause", "offset": [2072, 2085]}, {"key": "a-portion", "type": "definition", "offset": [2086, 2095]}], "size": 3, "snippet": "At any time after the Original Issue Date until all amounts due under this have been paid in full, this Note shall be convertible, in whole or in part, into shares of Common Stock at the option of the Holder, at any time and from time to time (subject to the conversion limitations set forth in Section 4(d) hereof). The Holder shall effect conversions by delivering to the Company a Notice of Conversion, the form of which is attached hereto as Annex A (each, a \u201cNotice of Conversion\u201d), specifying therein the principal amount of this Note and/or any other amounts due under this Note to be converted and the date on which such conversion shall be effected (such date, the \u201cConversion Date\u201d). If no Conversion Date is specified in a Notice of Conversion, the Conversion Date shall be the date that such Notice of Conversion is deemed delivered hereunder. No ink-original Notice of Conversion shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Conversion form be required. To effect conversions hereunder, the Holder shall not be required to physically surrender this Note to the Company unless the entire principal amount of this Note, all accrued and unpaid interest thereon and all other amounts due under this Note have been so converted. Conversions hereunder shall have the effect of lowering the outstanding principal amount of this Note in an amount equal to the applicable conversion amount. The Holder and the Company shall maintain a Conversion Schedule showing the principal amount(s) and/or any other amounts due under this Note converted and the date of such conversion(s). The Company may deliver an objection to any Notice of Conversion within one (1) Business Day of delivery of such Notice of Conversion. In the event of any dispute or discrepancy, the records of the Holder shall be controlling and determinative in the absence of manifest error. The Holder, and any assignee by acceptance of this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of a portion of this Note, the unpaid and unconverted principal amount of this Note may be less than the amount stated on the face hereof.", "samples": [{"hash": "23SEC05cvYB", "uri": "/contracts/23SEC05cvYB#conversion-generally", "label": "Subordination Agreement (NXT-Id, Inc.)", "score": 27.5482546201, "published": true}, {"hash": "4DXZCdCK5zl", "uri": "/contracts/4DXZCdCK5zl#conversion-generally", "label": "Subordination Agreement (NXT-Id, Inc.)", "score": 26.9130732375, "published": true}], "hash": "feeaa838b9ba77bc8509715ffd2a5bc3", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1jb252ZXJzaW9uLWdlbmVyYWxseSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Conversion Generally", "size": 129, "parents": [["conversion-of-securities", "Conversion of Securities"], ["conversion-of-securities-exchange-of-certificates", "Conversion of Securities Exchange of Certificates"], ["the-merger", "The Merger"], ["effect-on-the-capital-stock-of-the-constituent-corporations", "Effect on the Capital Stock of the Constituent Corporations"], ["consideration-conversion-of-securities-exchange-of-certificates", "Consideration Conversion of Securities Exchange of Certificates"]], "children": [["cancellation-of-certain-shares", "Cancellation of Certain Shares"], ["conversion-of-preferred-stock", "Conversion of Preferred Stock"], ["conversion-of-common-stock", "Conversion of Common Stock"], ["company-preferred-stock", "Company Preferred Stock"], ["warrants", "Warrants"]], "id": "conversion-generally", "related": [["notice-of-conversion-rate-adjustments", "Notice of Conversion Rate Adjustments", "Notice of Conversion Rate Adjustments"], ["conversion-request", "Conversion Request", "Conversion Request"], ["conversion-privilege-and-conversion-price", "Conversion Privilege and Conversion Price", "Conversion Privilege and Conversion Price"], ["conversion-agent-to-notify-company-of-conversions", "Conversion Agent to Notify Company of Conversions", "Conversion Agent to Notify Company of Conversions"], ["adjustment-of-conversion-rate", "Adjustment of Conversion Rate", "Adjustment of Conversion Rate"]], "related_snippets": [], "updated": "2025-07-07T12:37:48+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The \"Conversion Generally\" clause defines the basic terms and conditions under which a security, such as a convertible note or preferred stock, can be converted into another form of equity, typically common stock. This clause outlines the triggers for conversion, such as a financing round or at the holder's discretion, and specifies the conversion ratio or price adjustment mechanisms. Its core practical function is to provide a clear framework for how and when conversion occurs, ensuring predictability and fairness for both the issuer and the security holder."}, "json": true, "cursor": ""}}