Common use of Status of Retired Shares Clause in Contracts

Status of Retired Shares. Upon any share of Convertible Preferred Stock ceasing to be outstanding, such share will be deemed to be retired and to resume the status of an authorized and unissued share of preferred stock of the Company, and such share cannot thereafter be reissued as Convertible Preferred Stock.

Status of Retired Shares. Upon any share of Convertible Exchangeable Preferred Stock ceasing to be outstanding, such share will be deemed to be retired and to resume the status of an authorized authorized, unissued and unissued undesignated share of preferred stock of the Company, and such share cannot thereafter be reissued as Convertible Exchangeable Preferred Stock.

Status of Retired Shares. Upon any share of Convertible Series 1 Preferred Stock ceasing to be outstandingoutstanding following its issuance, such share will be deemed to be retired and to resume the status of an authorized and unissued share of preferred stock of the Company, and such share cannot thereafter be reissued as Convertible Series 1 Preferred Stock.

Status of Retired Shares. Upon any share of Convertible Preferred Stock Share ceasing to be outstanding, such share will be deemed to be retired and to resume the status of an authorized and unissued serial preferred share of preferred stock of the Company, undesignated as to series, and such share cannot thereafter be reissued as a Convertible Preferred StockShare.

Status of Retired Shares. Upon any share of Convertible Preferred Stock ceasing to be outstanding, such share will be deemed to be retired and to resume the status of an authorized and unissued share of preferred stock of the Company, and such share cannot thereafter be reissued as Convertible Preferred StockStock pursuant to this Certificate of Designations.