Common use of Conversion of Series A Preferred Stock Clause in Contracts

Conversion of Series A Preferred Stock. (a) The execution by the Selling Stockholders of the Underwriting Agreement shall (except as provided in Section 3(e) below) constitute written notice (as required by Section 7(b) of the Articles Supplementary) to the Company that New Mountain, MidOcean and New Mountain Trust shall have elected, pursuant to Section 7(a) of the Articles Supplementary, to convert, effective as of the closing (the "First Closing") occurring on the First Closing Date, the Applicable Firm Number (as defined below) of shares of Series A Preferred Stock held by such Selling Stockholder into shares of Common Stock (the "Conversion"). Certificates evidencing the shares of Common Stock issuable upon such Conversion shall be issued in the name of, and shall be delivered by the Company to, the respective Selling Stockholders against delivery pursuant to Section 3(f) below of certificate(s) representing the Applicable Firm Number of shares of Series A Preferred Stock, at least one business day prior to the First Closing, such delivery to be made at the location of such First Closing. "

Conversion of Series A Preferred Stock. (a) The execution by the Selling Stockholders of the Underwriting Agreement shall (except as provided in Section 3(e) below) constitute written notice (as required by Section 7(b) of the Articles Supplementary) to the Company that New Mountain, MidOcean and New Mountain Trust shall have elected, pursuant to Section 7(a) of the Articles Supplementary, to convert, effective as of the closing (the "“First Closing"”) occurring on the First Closing Date, the Applicable Firm Number (as defined below) of shares of Series A Preferred Stock held by such Selling Stockholder into shares of Common Stock (the "“Conversion"”). Certificates evidencing the shares of Common Stock issuable upon such Conversion shall be issued in the name of, and shall be delivered by the Company to, the respective Selling Stockholders against delivery pursuant to Section 3(f) below of certificate(s) representing the Applicable Firm Number of shares of Series A Preferred Stock, at least one business day prior to the First Closing, such delivery to be made at the location of such First Closing. "“

Conversion of Series A Preferred Stock. (a) The execution by the Selling Stockholders of the Underwriting Agreement shall (except as provided in Section 3(e) below) constitute written notice (as required by Section 7(b) of the Articles Supplementary) to the Company that New Mountain, MidOcean Mountain and New Mountain Trust DB Capital shall have elected, pursuant to Section 7(a) of the Articles Supplementary, to convert, effective as of the closing (the "First Closing") occurring on the First Closing Date, convert the Applicable Firm Number (as defined below) of shares of Series A Preferred Stock held by such Selling Stockholder into shares of Common Stock (the "Conversion"). Certificates evidencing the 1,700,000 shares of Common Stock issuable upon such Conversion to New Mountain and the 300,000 shares of Common Stock issuable upon such Conversion to DB Capital shall be issued in the name of, and shall be delivered by the Company to, the respective Selling Stockholders against delivery pursuant to Section 3(f) below of certificate(s) representing the Applicable Firm Number of shares of Series A Preferred Stock, at least one business day prior to the closing (the "First Closing, such delivery to be made at ") occurring on the location of such First Closing. "Closing Date (as defined in the

Conversion of Series A Preferred Stock. (a) The execution by the Selling Stockholders of the Underwriting Agreement shall (except as provided in Section 3(e) below) constitute written notice (as required by Section 7(b) of the Articles Supplementary) to the Company that New Mountain, MidOcean Mountain and New Mountain Trust DB Capital shall have elected, pursuant to Section 7(a) of the Articles Supplementary, to convert, effective as of the closing (the "First Closing") occurring on the First Closing Date, convert the Applicable Firm Number (as defined below) of shares of Series A Preferred Stock held by such Selling Stockholder into shares of Common Stock (the "Conversion"). Certificates evidencing the 1,700,000 shares of Common Stock issuable upon such Conversion to New Mountain and the 300,000 shares of Common Stock issuable upon such Conversion to DB Capital shall be issued in the name of, and shall be delivered by the Company to, the respective Selling Stockholders against delivery pursuant to Section 3(f) below of certificate(s) representing the Applicable Firm Number of shares of Series A Preferred Stock, at least one business day prior to the closing (the "First Closing") occurring on the First Closing Date (as defined in the Underwriting Agreement), such delivery to be made at the location of such First Closing. "