Common use of Mandatory Conversion Notice Clause in Contracts

Mandatory Conversion Notice. To exercise its Mandatory Conversion Right with respect to any shares of Convertible Preferred Stock, the Company must send to each Holder of such shares a written notice of such exercise (a “Mandatory Conversion Notice”).

Mandatory Conversion Notice. To exercise its Mandatory Conversion Right with respect to any shares of Convertible Preferred Stock, the Company Corporation must send to each Holder of such shares the Holders a written notice of such exercise (a “Mandatory Conversion Notice”).