Common use of Convertible Preferred Stock Clause in Contracts

Convertible Preferred Stock. The Management Company shall not sell any common stock or take any other action the effect of which sale or other action would be to give a holder of convertible preferred stock the right to convert any number of shares of convertible preferred stock into a greater number of shares of common stock; provided, however, that the obligations under this Section 16.7 shall become null and void upon the consummation of an initial public offering of the Management Company's common stock.

Convertible Preferred Stock. The Management Company shall not sell any common stock Common Stock or take any other action the effect of which sale or other action would be to give a holder of convertible preferred stock the right to convert any number of shares of convertible preferred stock into a greater number of shares of common stockCommon Stock; provided, however, that the obligations under this Section 16.7 17.6 shall become null and void upon the consummation of an initial public offering of the Management Company's common stock.

Convertible Preferred Stock. The Management Company shall not sell any common stock or take any other action the effect of which sale or other action would be to give a holder of convertible preferred stock the right to convert any number of shares of convertible preferred stock into a greater number of shares of common stock; provided, however, that the obligations under this Section 16.7 16.6 shall become null and void upon the consummation of an initial public offering of the Management Company's common stock.