Common use of Partial Conversion Clause in Contracts

Partial Conversion. In the event of the conversion of some but not all of the shares of Series A Preferred Stock represented by a certificate or certificates surrendered, the Corporation shall execute and deliver to or on the order of the holder, at the expense of the Corporation, a new certificate representing the number of shares of Series A Preferred Stock which were not converted.

Appears in 2 contracts

Sources: Merger Agreement (First Intercontinental Technology, Inc.), Certificate of Designation (Rocky Mountain High Brands, Inc.)

Partial Conversion. In the event of the conversion of some but not all of the shares of Series A Preferred Stock represented by a certificate or certificates surrenderedsurrendered by a holder are converted, the Corporation Company shall execute and deliver to or on the order of the holder, at the expense of the CorporationCompany, a new certificate representing the number of shares of Series A Preferred Stock which were not converted.

Appears in 2 contracts

Sources: Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc), Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc)

Partial Conversion. In the event of the conversion of some but not all of the shares ------------------ of Series A Preferred Stock represented by a certificate or certificates surrenderedsurrendered by a holder are converted, the Corporation Company shall execute and deliver to or on the order of the holder, at the expense of the CorporationCompany, a new certificate representing the number of shares of Series A Preferred Stock which were not converted.

Appears in 1 contract

Sources: Series B Convertible Preferred Stock Purchase Agreement (Engage Technologies Inc)

Partial Conversion. In the event of the conversion of some but not all of the shares of Series A Preferred Stock represented by a certificate or certificates surrenderedsurrendered by a holder are converted, the Corporation Company shall execute and deliver to or on to the order of the holder, at the expense of the CorporationCompany, a new certificate representing the number of shares of Series A Preferred Stock which were not converted.

Appears in 1 contract

Sources: Subscription Agreement (Nstor Technologies Inc)

Partial Conversion. In the event of the conversion of some but not all of the shares of Series A Preferred Stock Shares represented by a certificate or certificates surrenderedcertificate(s) surrendered by a holder are converted, the Corporation shall execute and deliver to or on the order of the holder, at the expense of the Corporation, a new certificate representing the number of shares of Series A Preferred Stock Shares which were not converted.

Appears in 1 contract

Sources: Agreement (Hotelworks Com Inc)

Partial Conversion. In the event of the conversion of some but not all of the shares ------------------ of Series A B Preferred Stock represented by a certificate or certificates surrenderedsurrendered by a holder are converted, the Corporation Company shall execute and deliver to or on the order of the holder, at the expense of the CorporationCompany, a new certificate representing the number of shares of Series A B Preferred Stock which were not converted.

Appears in 1 contract

Sources: Series B Convertible Preferred Stock Purchase Agreement (Engage Technologies Inc)

Partial Conversion. In the event of the conversion of some but not all of the shares of Series A Convertible Preferred Stock represented by a certificate or certificates surrenderedcertificate(s) surrendered by a holder are converted, the Corporation shall execute and deliver to or on the order of the holder, at the expense of the Corporation, a new certificate representing the number of shares of Series A Convertible Preferred Stock which were not converted.

Appears in 1 contract

Sources: Letter of Agreement (Cellstar Corp)