Common use of Dual Status Clause in Contracts

Dual Status. A Member may hold both Common Shares and, if issued, Preferred Shares. A Member who holds both Common Shares and Preferred Shares shall be treated separately as a Common Shareholder with respect to its Common Shares and as a Preferred Shareholder with respect to its Preferred Shares, except as otherwise provided in this Agreement.

Dual Status. A Member may hold both Common Shares and, if issued, Preferred SharesShares (as defined in Section 5.3 below). A Member who holds both Common Shares and Preferred Shares shall be treated separately as a Common Shareholder with respect to its Common Shares and as a Preferred Shareholder with respect to its Preferred Shares, except as otherwise provided in this Agreement.