Common use of Partial Conversion Clause in Contracts

Partial Conversion. In the event that some but not all of the Series C-2 Preferred Stock represented by a certificate or certificates surrendered by a holder are converted, the Corporation shall execute and deliver to or on the order of the holder, at the expense of the Corporation, a new certificate representing the number of shares of Series C-2 Preferred Stock that were not converted.

Appears in 1 contract

Sources: Consent Agreement (Genaera Corp)

Partial Conversion. In the event that some but not all of the shares of Series C-2 C Preferred Stock represented by a certificate or certificates surrendered by a holder are converted, the Corporation Company shall execute and deliver to or on to the order of the holder, at the expense of the CorporationCompany, a new certificate representing the number of shares of Series C-2 C Preferred Stock that which were not converted.

Appears in 1 contract

Sources: Agreement Concerning the Exchange of Common Stock (North American Gaming & Entertainment Corp)

Partial Conversion. In the event that some but not all of the shares of Series C-2 B Preferred Stock represented by a certificate or certificates certificate(s) surrendered by a holder are converted, the Corporation shall execute and deliver to or on the order of the holder, at the expense of the Corporation, a new certificate representing the number of shares of Series C-2 B Preferred Stock that which were not converted.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Premier Research Worldwide LTD)

Partial Conversion. In the event that some but not all of the Series C-2 C-1 Preferred Stock represented by a certificate or certificates surrendered by a holder are converted, the Corporation shall execute and deliver to or on the order of the holder, at the expense of the Corporation, a new certificate representing the number of shares of Series C-2 C-1 Preferred Stock that were not converted.

Appears in 1 contract

Sources: Consent Agreement (Genaera Corp)

Partial Conversion. In the event that some but not all of the shares of Series C-2 C Preferred Stock represented by a certificate or certificates surrendered by a holder are converted, the Corporation shall execute and deliver to or on the order of the holder, at the expense of the Corporation, holder a new certificate representing the number of shares of Series C-2 C Preferred Stock that were not converted.

Appears in 1 contract

Sources: Merger Agreement (FMC Corp)