Common use of Partial Conversion Clause in Contracts

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 or certificates surrendered, the Company shall execute and deliver to or on the order of the holder, at the expense of the Company, a new certificate representing the number of shares of Series A Preferred Stock which were not converted.

Appears in 2 contracts

Sources: Lender Acquisition Agreement (Sylios Corp), Lender Acquisition Agreement (Adventure Energy, Inc.)

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 or certificates surrenderedsurrendered by a holder are converted, the Company shall execute and deliver to or on the order of the holder, at the expense of the Company, a new certificate representing the number of shares of Series A Preferred Stock which were not converted.

Appears in 2 contracts

Sources: Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc), Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc)

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

Appears in 1 contract

Sources: Series B Convertible Preferred Stock Purchase Agreement (Engage Technologies Inc)

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

Appears in 1 contract

Sources: Letter of Agreement (Cellstar 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 or certificates surrenderedsurrendered by a holder are converted, the Company shall execute and deliver to or on the order of the holder, at the expense of the Company, a new certificate representing the number of shares of Series A Preferred Stock which were not converted.

Appears in 1 contract

Sources: Series B Convertible Preferred Stock Purchase Agreement (Engage Technologies Inc)

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 or certificates surrenderedsurrendered by a holder are converted, the Company shall execute and deliver to or on to the order of the holder, at the expense of the Company, a new certificate representing the number of shares of Series A Preferred Stock which were not converted.

Appears in 1 contract

Sources: Subscription Agreement (Nstor Technologies Inc)

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

Appears in 1 contract

Sources: Agreement (Hotelworks Com Inc)