Cancellation of Preferred Shares. Upon delivery of the shares of Series C Preferred Stock, Series E Preferred Stock and Series F Preferred Stock to AIG at the Closing in accordance with this Agreement and the Amended and Restated Purchase Agreement, the shares of Series C Preferred Stock, Series E Preferred Stock and Series F Preferred Stock shall be cancelled, shall revert to authorized but unissued shares of preferred stock of AIG undesignated as to series and shall not be reissued as Series C Preferred Stock, Series E Preferred Stock or Series F Preferred Stock, as applicable.
Cancellation of Preferred Shares. The Company shall take all necessary actions to restore to the status of authorized but unissued shares of Preferred Stock without designation as to series by retiring all shares of Preferred Stock acquired from Purchaser pursuant to the Swap immediately following the Swap Closing.
Cancellation of Preferred Shares. SRAX shall have authorized the cancelation of the Preferred Shares.
Cancellation of Preferred Shares. (a) The Foundation shall have the right to demand from the Company, subject to Section 9(c), the cancellation of Preferred Shares held by the Foundation with repayment of an amount described in Section 9(b), upon the earliest of (i) the Foundation becoming obligated and unable to repay any funds made available to or used by it to finance the payment of such Preferred Shares and (ii) the moment when the Foundation is reasonably convinced that all influences that might adversely affect or threaten the strategy, the mission to provide the world population access to the broadest range of affordable, high quality medicine, the independence, the continuity and/or the identity of the Company and its businesses in a manner that is contrary to the interests referred to in the purpose clause of the Articles have been sufficiently resisted, avoided and/or mitigated.
Cancellation of Preferred Shares. Preferred Shares as set forth on Exhibit B have been issued. The owners of such shares shall return those shares to the Company, by sending them to either JDLPA or the transfer agent, and such shares shall be canceled.
Cancellation of Preferred Shares. Article 9-9. 1. The Bank may, at any time, purchase Preferred Shares and cancel them. 2. The Bank may, after issuance of Class 2 Preferred Shares and after the lapse of the period designated by the resolution of the Board of Directors adopted at the time of the issuance of such Preferred Shares, redeem the relevant Preferred Shares, in whole or in part, at such time and at such redemption price as deemed appropriate giving due consideration to the prevailing market conditions, as determined by relevant resolution. Partial redemption shall be effected by way of lot or other method. 3. The purchase or cancellation of Preferred Shares provided for in Paragraph 1 hereof may be made in respect of any of one or more classes of Preferred Shares. Articles of Incorporation as Amended as Described in Attachment 1 Proposed Amendment of Articles of Incorporation (Newly established.) (Order of Priority) Article 9-10. All classes of Preferred Shares shall rank pari passu with each other in respect of the payment of Preferred Dividends and Preferred Interim Dividends and the distribution of residual assets.
Cancellation of Preferred Shares. In partial consideration of the parties' mutual obligations hereunder, at the Closing, Grupo shall assign, transfer, convey and deliver to Buyer, and Buyer shall cancel all of Grupo's right, title and interest in and to the Preferred Shares.
Cancellation of Preferred Shares. All of the Preferred Shares owned by any Former Shareholder are being retired by RPII simultaneously with the execution of this Agreement and the Former Shareholders shall have no rights or benefits with respect thereto.
Cancellation of Preferred Shares. Promptly following the Effective Date, Yang agrees to (i) deliver to the Company fully-completed and executed letters of transmittal, together with all attachments thereto, for the Preferred Shares; (ii) deliver to the Company stock certificates for the full amount of the Preferred Shares or, in the event that any certificate shall have been lost, stolen or destroyed, an affidavit of that fact and providing for indemnification by Yang of such lost, stolen or destroyed certificate; and (iii) perform such other actions and deliver to the Company such other documents as are requested by the Company to complete the cancellation of the Preferred Shares.
Cancellation of Preferred Shares. Immediately upon the occurrence of the Closing the Company will effect the cancellation of the Preferred Shares on its corporate books and records and will return such shares to treasury.
