Common use of Status of Holder of Note Clause in Contracts

Status of Holder of Note. This Note shall not entitle the Holder to any voting rights or other rights as a stockholder of the Company or to any rights whatsoever except the rights herein expressed, and no dividends shall be payable or accrue in respect of this Note or the shares issuable upon the conversion hereof unless and until this Note is converted. Upon any conversion of this Note, the Holder shall, to the extent permitted by law, be deemed to be the holder of record of the shares of Common Stock issuable upon such conversion, notwithstanding that the stock transfer books of the Company may be closed or that the certificates representing such shares of Common Stock may not yet actually have been delivered.

Status of Holder of Note. This Note shall not entitle the Holder to any voting rights or other rights as a stockholder shareholder of the Company or to any rights whatsoever except the rights herein expressed, and no dividends shall be payable or accrue in respect of this Note or the shares securities issuable upon the conversion hereof unless and until this Note is shall be converted. Upon any the conversion of this Note, the Holder shall, to the extent permitted by law, be deemed to be the holder of record of the shares of Common Stock issuable upon such conversion, notwithstanding that the stock transfer books of the Company may shall then be closed or that the certificates representing such shares of Common Stock may and Warrants shall not yet then be actually have been delivered.

Status of Holder of Note. This Note shall not entitle the Holder to any voting rights or other rights as a stockholder shareholder of the Company or to any rights whatsoever except the rights herein expressed, and no dividends shall be payable or accrue in respect of this Note or the shares securities issuable upon the conversion hereof unless and until this Note is shall be converted. Upon any the conversion of this Note, the Holder shall, to the extent permitted by law, be deemed to be the holder of record of the shares of Common Stock issuable upon such conversion, notwithstanding that the stock transfer books of the Company may shall then be closed or that the certificates representing such shares of Common Stock may shall not yet then be actually have been delivered.

Status of Holder of Note. This Note shall not entitle the Holder to any voting rights or other rights as a stockholder shareholder of the Company or to any rights whatsoever except the rights herein expressed, and no dividends shall be payable or accrue in respect of this Note or the shares securities issuable upon the conversion hereof unless and until this Note is shall be converted. Upon any the conversion of this Note, the Holder shall, to the extent permitted by law, be deemed to be the holder of record of the shares of Common Stock issuable upon such conversion, notwithstanding that the stock transfer books of the Company may shall then be closed or that the certificates representing such shares of Common Stock may shall not yet then be actually have been delivered.