Common use of Status and Conversion of Securities Clause in Contracts

Status and Conversion of Securities. The status of the outstanding ----------------------------------- capital stock of each of the Constituent Corporations and the manner and basis of converting the shares of capital stock of each of the Constituent Corporations into or for shares of capital stock of the Surviving Corporation or into or for Parent Shares or cash (for fractional shares), as the case may be, at the Effective Time shall be as follows:

Status and Conversion of Securities. The status of the outstanding ----------------------------------- capital stock of each of the Constituent Corporations and the manner and basis of converting the shares of capital stock of each of the Constituent Corporations into or for shares of capital stock of the Surviving Corporation or into or for Parent Shares or cash (for fractional shares), as the case may be, at the Effective Time shall be as follows: