Common use of Conversion of Company Interests Clause in Contracts

Conversion of Company Interests. At the Effective Time, the ------------------------------- Company Interests shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into and become interests of the Surviving Company. Such newly issued interests shall thereafter constitute all of the issued and outstanding membership interests of the Surviving Company.

Conversion of Company Interests. At the Effective Time, the ------------------------------- Company Interests shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into and become interests of the Surviving Company. Such newly issued interests shall thereafter constitute all of the issued and outstanding membership interests of the Surviving Company.