Common use of Conversion of Parent Capital Stock Clause in Contracts

Conversion of Parent Capital Stock. Each share of Parent Common Stock issued and outstanding immediately prior to the Effective Time (other than Cancelled Parent Common Shares) will be converted into the right to receive, and become exchangeable for: (A) one share of common stock, par value $0.01 of Holdco (“Holdco Common Stock”) (the “Parent Merger Consideration”); and (B) any dividends or other distributions to which the holder thereof becomes entitled to upon the surrender of such shares of Parent Common Stock in accordance with Section 2.05(g).