Common use of Effect of Conversion Clause in Contracts

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 8 contracts

Samples: Investment Agreement (Box Inc), Investment Agreement (Bright Health Group Inc.), Registration Rights Agreement (Pandora Media, Inc.)

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Effect of Conversion. Effective immediately prior to the close Close of business Business on the Conversion Date applicable to any shares of Series A Preferred Stock, Dividends dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, Stock and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 5 contracts

Samples: Investment Agreement (Crocs, Inc.), Loan and Security Agreement (U-Swirl, Inc.), Loan and Security Agreement (Rocky Mountain Chocolate Factory Inc)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A B Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A B Preferred Stock, and such shares of Series A B Preferred Stock shall cease to be outstanding and the corresponding shares of Common Stock pursuant to the conversion shall be issued and outstanding.

Appears in 3 contracts

Samples: Registration Rights Agreement (Comscore, Inc.), Registration Rights Agreement (Comscore, Inc.), Registration Rights Agreement (Comscore, Inc.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, subject to Section 8(f), Preferred Dividends and Participating Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and on conversion, such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Helbiz, Inc.), Registration Rights Agreement (Covetrus, Inc.), Agreement and Plan of Merger (Helbiz, Inc.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, Participating Dividends and Preferred Dividends shall no longer accrue or be declared on any such shares of Series A Preferred StockStock other than any Participating Dividends or Preferred Dividends addressed in and payable per the last sentence of Section 6 and Section 7(a), and all of which shall continue to accrue until payment. On conversion, such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 2 contracts

Samples: Investment Agreement (Capital Senior Living Corp), Investment Agreement (Capital Senior Living Corp)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, Dividends dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 2 contracts

Samples: Business Combination Agreement (Tailwind Acquisition Corp.), Business Combination Agreement (Tailwind Acquisition Corp.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding, be retired and canceled and may not be reissued as shares of such series.

Appears in 2 contracts

Samples: Investment Agreement (GoHealth, Inc.), Investment Agreement (eHealth, Inc.)

Effect of Conversion. Effective immediately prior to the close Close of business Business on the Conversion Date applicable to any shares of Series A B Preferred Stock, Dividends dividends shall no longer accrue or be declared on any such shares of Series A B Preferred Stock, Stock and such shares of Series A B Preferred Stock shall cease to be outstanding.

Appears in 2 contracts

Samples: Securities Purchase Agreement (dELiAs, Inc.), Investment Agreement (Graftech International LTD)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A B-2 Preferred Stock, Participating Dividends shall no longer accrue or be declared on any such shares of Series A B-2 Preferred Stock, and on conversion, such shares of Series A B-2 Preferred Stock shall cease to be outstanding.

Appears in 2 contracts

Samples: Investment Agreement (AdaptHealth Corp.), Investment Agreement (Flynn James E)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A B Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A B Preferred Stock, and such shares of Series A B Preferred Stock shall cease to be outstanding.

Appears in 2 contracts

Samples: Investment Agreement (Bright Health Group Inc.), Investment Agreement (Coty Inc.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, Participating Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (Zix Corp)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A A-1 Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A A-1 Preferred Stock shall cease to be outstanding, be retired and canceled and may not be reissued as shares of such series.

Appears in 1 contract

Samples: Investment Agreement (GoHealth, Inc.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date or Change of Control Conversion Date applicable to any shares of Series A Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (OUTFRONT Media Inc.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A B-2 Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A B-2 Preferred Stock shall cease to be outstanding and the corresponding shares of Common Stock pursuant to the conversion shall be issued and outstanding.

Appears in 1 contract

Samples: Purchase Agreement (Fluidigm Corp)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, Participating Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and on conversion, such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (AdaptHealth Corp.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A B Preferred Stock, Dividends dividends shall no longer accrue or be declared on any such shares of Series A B Preferred Stock, and such shares of Series A B Preferred Stock shall cease to be outstanding, and all accrued and unpaid dividends shall be deemed satisfied and paid.

Appears in 1 contract

Samples: Investment Agreement (Plymouth Industrial REIT Inc.)

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Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, Regular Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Business Combination Agreement (Anzu Special Acquisition Corp I)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A Preferred Stock shall cease to be outstanding and the corresponding shares of Common Stock pursuant to the conversion shall be issued and outstanding.

Appears in 1 contract

Samples: Investment Agreement (Cepton, Inc.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred StockShares, Dividends shall no longer accrue or be declared or, subject to Section 2.02(e), paid on any such shares of Series A Preferred StockShares, and such shares of Series A Preferred Stock Shares shall cease to be outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Evolent Health, Inc.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Date, Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A B Preferred Stock, and such shares of Series A B Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Registration Rights Agreement (Zix Corp)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred Stock, Preferred Dividends and Participatory Dividends thereon shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and on conversion, such shares of Series A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Investment Agreement (Superior Industries International Inc)

Effect of Conversion. Effective immediately prior to the close Close of business Business on the Conversion Date applicable to any shares of Series A First Preferred StockShares, but subject to the actual conversion occurring, Dividends shall no longer accrue or be declared on any such shares of Series A First Preferred Stock, Shares so converted and such shares of Series A First Preferred Stock Shares shall cease to be outstanding.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cott Corp /Cn/)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series Class A Preferred Stock, subject to Section 7(f), Preferred Dividends shall no longer accrue or be declared on any such shares of Series Class A Preferred Stock, and on conversion, such shares of Series Class A Preferred Stock shall cease to be outstanding.

Appears in 1 contract

Samples: Backstop Agreement (Gores Holdings VIII Inc.)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A B-1 Preferred Stock, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred Stock, and such shares of Series A B-1 Preferred Stock shall cease to be outstanding and the corresponding shares of Common Stock pursuant to the conversion shall be issued and outstanding.

Appears in 1 contract

Samples: Purchase Agreement (Fluidigm Corp)

Effect of Conversion. Effective immediately prior to the close of business on the Conversion Date applicable to any shares of Series A Preferred StockShares, Dividends shall no longer accrue or be declared on any such shares of Series A Preferred StockShares, and such shares of Series A Preferred Stock Shares shall cease to be outstanding. Upon any conversion, the Holder will not receive any payment in cash, Common Shares or Series A Preferred Shares representing Accrued Dividends for any period following the last day of the most recently completed fiscal quarter, except as otherwise set forth in Section 8(c).

Appears in 1 contract

Samples: Investment Agreement (James River Group Holdings, Ltd.)

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