Common use of Status of Converted Stock Clause in Contracts

Status of Converted Stock. In the event any shares of Series C-IV Preferred Stock shall be converted pursuant to Section 7E.4, the shares so converted shall be canceled, shall return to the status of authorized but unissued preferred stock of no designated series, and shall not be issuable by the Company as Series C-IV Preferred Stock.

Status of Converted Stock. In the event any shares of Series C-IV V Preferred Stock shall be converted pursuant to Section 7E.47F.4, the shares so converted shall be canceled, shall return to the status of authorized but unissued preferred stock of no designated series, and shall not be issuable by the Company as Series C-IV V Preferred Stock.