Converted Certificates definition
Examples of Converted Certificates in a sentence
Notwithstanding any other provision of this Agreement, no certificate or scrip representing fractional shares of MatrixOne Common Stock shall be issued upon the surrender for exchange of any Synchronicity Notes or Converted Certificates, no dividend or other distribution with respect to MatrixOne Common Stock shall relate to any fractional shares of MatrixOne Common Stock and such fractional share interests shall not entitle the owner thereof to vote or to any rights of a stockholder of MatrixOne.
In lieu of any such fractional shares, each holder of Synchronicity Notes or Converted Certificates exchanged pursuant to the Merger who would otherwise have been entitled to receive a fraction of a share of MatrixOne Common Stock (after taking into account all MatrixOne Common Stock Certificates delivered by such holder) shall be paid an amount in cash, without interest, equal to such fractional part of a share of MatrixOne Common Stock multiplied by the Per Merger Share Value.