Common use of Exchange Preferred Shares Clause in Contracts

Exchange Preferred Shares. Upon delivery of the Exchange Preferred Shares to the Company in accordance with this Agreement, the Exchange Preferred Shares shall be cancelled, shall revert to authorized but unissued shares of preferred stock of the Company undesignated as to series and shall not be reissued as shares of CPP Preferred Stock, TIP Preferred Shares or Guarantee Preferred Stock, as applicable.

Exchange Preferred Shares. Upon delivery of the Exchange Preferred Shares to the Company in accordance with this Agreementat the Closing, the Exchange Preferred Shares shall be cancelled, shall revert to authorized but unissued shares of preferred stock of the Company undesignated as to series and shall not be reissued as shares of CPP Exchange Preferred Stock, TIP Preferred Shares or Guarantee Preferred Stock, as applicableShares.