Common use of Status as Stockholder Clause in Contracts

Status as Stockholder. Upon the Conversion Date, the Outstanding Amount being converted shall be deemed converted into shares of Common Stock as of the Conversion Date and the Holder's rights as a holder of the Outstanding Amount being converted shall cease and terminate, excepting only the right to receive certificates for such shares of Common Stock and to any remedies provided herein or otherwise available at law or in equity to such holder because of a failure by the Corporation to comply with the terms of this Debenture (including its right to regain its status as a Holder pursuant to Article IV.E).