Common use of Authorization of Preferred Stock Clause in Contracts

Authorization of Preferred Stock. The Company has authorized the issuance and sale of 4,500 shares (the "Shares") of its authorized but unissued shares of Preferred Stock, having the rights set forth in the Certificate of Incorporation of the Company.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Marketing Specialists Corp), Preferred Stock Purchase Agreement (Richmont Marketing Specialists Inc)

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Authorization of Preferred Stock. The Company has authorized the issuance and sale of 4,500 5,000 shares (the "Shares") of its authorized but unissued shares of Preferred Stock, having the rights set forth in the Certificate of Incorporation of the Company.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Richmont Marketing Specialists Inc), Preferred Stock Purchase Agreement (Marketing Specialists Corp)

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Authorization of Preferred Stock. The Company has authorized the issuance and sale of 4,500 2,397 shares (the "Shares") of its authorized but unissued shares of Preferred Stock, having the rights set forth in the Certificate of Incorporation of the Company.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Richmont Marketing Specialists Inc)

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