Common use of Effect of Conversion Clause in Contracts

Effect of Conversion. All Shares of Series B Preferred Stock converted as provided in this Section 8.2 shall no longer be deemed outstanding as of the effective time of the applicable conversion and all rights with respect to such Shares shall immediately cease and terminate as of such time, other than the right of the holder to receive shares of Common Stock (or shares issued in exchange for such Common Stock pursuant to the Business Combination Agreement) in exchange therefor.

Effect of Conversion. All Shares shares of Series B Preferred Stock converted as provided in which shall have been surrendered for conversion under this Section 8.2 6 shall no longer be deemed to be outstanding as of the effective time of the applicable conversion and all rights with respect to such Shares shares shall immediately cease and terminate as of such timeat the Conversion Time, other than except only the right of the holder holders thereof to receive shares of Common Stock (or shares issued in exchange for such Common Stock pursuant to the Business Combination Agreement) in exchange therefor.

Effect of Conversion. All Shares of Series B Preferred Stock converted as provided in this Section 8.2 3.2 shall no longer be deemed outstanding as of the effective time of the applicable conversion and all rights with respect to such Shares shall immediately cease and terminate as of such time, other than the right of the holder to receive shares of Common Stock (or shares issued in exchange for such Common Stock pursuant to the Business Combination Agreement) in exchange therefor.

Effect of Conversion. All Shares shares of Series B A Preferred Stock that are automatically converted as provided in this Section 8.2 herein shall no longer be deemed to be outstanding as of the effective time of the applicable conversion and all rights with respect to such Shares shares shall immediately cease and terminate as of such timeon the Conversion Date, other than except only the right of the holder Holders thereof to receive the Conversion Shares. Any shares of Common Series A Preferred Stock (or shares issued so converted shall be retired and cancelled as provided in exchange for such Common Stock pursuant to the Business Combination Agreement) in exchange thereforSection 11 of this Certificate of Designations.

Effect of Conversion. All Shares of Series B Convertible Preferred Stock converted as provided in this Section 8.2 7.1 shall no longer be deemed outstanding as of the effective time of the applicable conversion Conversion Date and all rights with respect to such Shares shall immediately cease and terminate as of such time, other than the right of the holder Holder to receive shares of Common Stock (or shares issued in exchange for such Common Stock pursuant to the Business Combination Agreement) in exchange therefor. The “Conversion Date” means the date on which such Holder complies with the procedures in Section 7.2(a) (including the submission of the written election to the Corporation of such Holder’s election to convert).

Effect of Conversion. All Shares of Series B B-2 Convertible Preferred Stock converted as provided in this Section 8.2 6.1 shall no longer be deemed outstanding as of the effective time of the applicable conversion Conversion Date and all rights with respect to such Shares shall immediately cease and terminate as of such time, other than the right of the holder Holder to receive shares of Common Stock (or shares issued in exchange for such Common Stock pursuant to the Business Combination Agreement) in exchange therefor. The "Conversion Date" means the date on which such Holder complies with the procedures in Section 6.2(a) (including the submission of the written election to the Corporation of its election to convert).

Effect of Conversion. All Shares of Series B Preferred Stock converted as provided in this Section 8.2 8.1 shall no longer be deemed outstanding as of the effective time of the applicable conversion Series A Conversion Date and all rights with respect to such Shares shall immediately cease and terminate as of such timethe Series A Conversion Date, other than the right of the holder Holder to receive shares of Common Stock (or shares issued and payment in exchange for such lieu of any fraction of a share of Common Stock pursuant to the Business Combination Agreement) in exchange therefor.

Effect of Conversion. All Shares of Series B A Preferred Stock converted as provided in this Section 8.2 8.1 shall no longer be deemed outstanding as of the effective time of the applicable conversion and all rights with respect to such Shares shall immediately cease and terminate as of such time, other than the right of the holder to receive shares of Common Stock (or shares issued in exchange for such Common Stock pursuant to the Business Combination Agreement) in exchange therefor.