Common use of Corporate Conversion Clause in Contracts

Corporate Conversion. 8.3.1 It is the intent of the Members that in the event the Board determines to cause ▇▇.▇▇▇ or another Subsidiary of the Company to pursue a public offering of equity securities which is expected to constitute an IPO (the "Converting Subsidiary"), the Converting Subsidiary will be reorganized as a corporation incorporated under the laws of the State of Delaware in accordance with the provisions of this Paragraph 8.

Corporate Conversion. 8.3.1 It is the intent of the Members that in the event the Board determines to cause ▇▇.▇▇▇ or another Subsidiary of the Company to pursue a public offering of equity securities which is expected to constitute an IPO (the "Converting Subsidiary"), the Converting Subsidiary will be reorganized as a --------------------- corporation incorporated under the laws of the State of Delaware in accordance with the provisions of this Paragraph 8.