Common use of Status as Stockholder Clause in Contracts

Status as Stockholder. Upon submission of a Notice of Conversion by a Holder of Designated Preferred Stock, (i) the shares covered thereby (other than the shares, if any, which cannot be issued because their listing or issuance would exceed any applicable legal or regulatory limitation) shall be deemed converted into shares of Common Stock and (ii) the holder's rights as a Holder of such converted shares of Designated Preferred Stock shall cease and terminate, excepting only the right to receive certificates for such shares of Common Stock and to any remedies provided herein or otherwise available at law or in equity to such Holder because of a failure by the Company to comply with the terms of this Certificate of Designations.

Status as Stockholder. Upon submission of a Notice of Conversion by a Holder of Designated Preferred StockHolder, (i) the shares covered thereby (other than the shares, if any, which cannot be issued because their listing or issuance would exceed any applicable legal such Holder's allocated portion of the Reserved Amount or regulatory limitationMaximum Share Amount) shall be deemed converted into shares of Common Stock and (ii) the holderHolder's rights as a Holder of such converted shares portion of Designated Preferred Stock this Debenture shall cease and terminate, excepting only the right to receive certificates for such shares of Common Stock and to any remedies provided herein or otherwise available at law or in equity to such Holder because of a failure by the Company Borrower to comply with the terms of this Certificate of DesignationsDebenture.

Status as Stockholder. Upon submission of a Notice of Conversion by a Holder of Designated Preferred StockHolder, (i) the shares covered thereby (other than the shares, if any, which cannot be issued because their listing or issuance would exceed any applicable legal such Holder’s allocated portion of the Reserved Amount or regulatory limitationMaximum Share Amount) shall be deemed converted into shares of Common Stock and (ii) the holder's Holder’s rights as a Holder of such converted shares portion of Designated Preferred Stock this Debenture shall cease and terminate, excepting only the right to receive certificates for such shares of Common Stock and to any remedies provided herein or otherwise available at law or in equity to such Holder because of a failure by the Company Borrower to comply with the terms of this Certificate of DesignationsDebenture.