Common use of Class E Common Clause in Contracts

Class E Common. At the IPO Effective Time, each outstanding share of -------------- Class E Common shall be converted into (i) 72.7825668 shares of Common Stock and (ii) the right to receive from the Company out of its proceeds from the IPO $100.00, the Unpaid Preference Amount on such share of Class E Common as of such date.

Appears in 1 contract

Sources: Recapitalization Agreement (Pinnacle Holdings Inc)

Class E Common. At the IPO Effective Time, each outstanding share of -------------- Class E Common shall be converted into (i) 72.7825668 22.0191567 shares of Common Stock and (ii) the right to receive from the Company out of its proceeds from the IPO $100.00, the Unpaid Preference Amount on such share of Class E Common as of such date.

Appears in 1 contract

Sources: Recapitalization Agreement (Pinnacle Holdings Inc)