Common use of Reissuance of Certificates Clause in Contracts

Reissuance of Certificates. In the event of an optional conversion of Convertible Preferred pursuant to Section 4(a) hereof in which less than all of the shares of Convertible Preferred of a particular certificate are converted, the Corporation shall promptly cause to be issued and delivered to the holder of such certificate a certificate representing the remaining shares of Convertible Preferred which have not been so converted.