Conversion on IPO. Notwithstanding any other provision contained herein (including in Article VIII), upon the consummation of the Company's initial Public Offering, each Interest shall be converted into the same number of shares of common stock, without respect to the rights to any liquidation or similar preferences herein contained; provided, however, that the number of shares of common stock issued in such conversion shall reflect, including a reduction if appropriate, the Conversion Distribution described in Section 4.5.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement