Common use of Partial Conversion Clause in Contracts

Partial Conversion. In the event some but not all of the shares of Series A Preferred Stock represented by a 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 A Preferred Stock which were not converted.

Appears in 4 contracts

Sources: Agreement and Plan of Reorganization (Ibs Interactive Inc), Agreement and Plan of Reorganization (Infonautics Inc), Stock Purchase Agreement (Symbollon Corp)

Partial Conversion. In the event of the conversion of some but not all of the shares of Series A Preferred Stock represented by a certificate(s) surrendered by a holder are convertedcertificate or certificates surrendered, 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 A Preferred Stock which were not converted.

Appears in 2 contracts

Sources: Merger Agreement (First Intercontinental Technology, Inc.), Certificate of Designation (Rocky Mountain High Brands, Inc.)

Partial Conversion. In the event some but not all of the shares of Series A Preferred Stock represented by a certificate(s) 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 A Preferred Stock which were not converted.

Appears in 2 contracts

Sources: Fixed Point Microwave Services Agreement (Pathnet Inc), Fixed Point Microwave Services Agreement (Pathnet Inc)

Partial Conversion. In the event some but not all of the shares of Series A C Preferred Stock represented by a 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 A C Preferred Stock which were not converted.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Emerge Interactive Inc)

Partial Conversion. In the event some but not all of the shares of Series A B Preferred Stock represented by a certificate(s) certificate or certificates surrendered by a holder are converted, 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 A B Preferred Stock which were not converted.

Appears in 1 contract

Sources: Securities Purchase and Redemption Agreement (Sybari Software, Inc.)

Partial Conversion. In the event some but not all of the shares of Series A Convertible Preferred Stock represented by a certificate(s) 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 A Convertible Preferred Stock which that were not converted.

Appears in 1 contract

Sources: Voting Agreement (Covad Communications Group Inc)