Common use of Optional Conversion Rights Clause in Contracts

Optional Conversion Rights. Each Series A Share is convertible, at any time and from time to time at the option of the Series A Holder and without payment of additional consideration, into Common Shares.

Appears in 1 contract

Sources: Class a Convertible Preferred Share Subscription Agreement (Mitel Networks Corp)

Optional Conversion Rights. Each Series A B Share is convertible, at any time and from time to time at the option of the Series A B Holder and without payment of additional consideration, into Common Shares.

Appears in 1 contract

Sources: Class a Convertible Preferred Share Subscription Agreement (Mitel Networks Corp)