Common use of Holder’s Conversion Right Clause in Contracts

Holder’s Conversion Right. At any time or times on or after the Initial Issuance Date, any Holder shall be entitled to convert any whole number of Preferred Shares, plus the amount of any accrued but unpaid Dividends per Preferred Share, into fully paid and nonassessable shares of Common Stock in accordance with Section 3(c) at the Conversion Rate.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Digitalglobe Inc), Registration Rights Agreement (Digitalglobe Inc), Agreement and Plan of Merger (GeoEye, Inc.)

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Holder’s Conversion Right. At any time or times on or after the Initial Issuance Date, any each Holder shall be entitled to convert any whole number of Preferred SharesStock into validly issued, plus the amount of any accrued but unpaid Dividends per Preferred Share, into fully paid and nonassessable non-assessable shares of Common Stock in accordance with Section 3(c) at the Conversion RateRate (as defined below).

Appears in 1 contract

Samples: Security Agreement

Holder’s Conversion Right. At any time or times on or after the Initial Issuance Date, any Holder shall be entitled to convert all or any whole number portion of the Conversion Amount of any Series A Preferred Shares, plus the amount of any accrued but unpaid Dividends per Preferred Share, into fully paid and nonassessable shares of Common Stock in accordance with this Section 3(c) 5 at the Conversion RateRate (as defined below).

Appears in 1 contract

Samples: Recapitalization Agreement (Acacia Research Corp)

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Holder’s Conversion Right. At any time or times on or after the Initial Issuance Date, any Holder shall be entitled to convert any whole number of Preferred Shares, plus the amount of any accrued but unpaid Dividends per Preferred Share, Shares into fully paid and nonassessable shares of Common Stock in accordance with Section 3(c) at the Conversion RateRate (as defined below).

Appears in 1 contract

Samples: Securities Purchase Agreement (Act Teleconferencing Inc)

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