Cancellation of Series A Preferred Stock. If any shares of Series A Preferred Stock are converted pursuant to Article IV or redeemed or repurchased by the Corporation, the shares so converted or redeemed shall be canceled, shall return to the status of authorized, but unissued Preferred Stock of no designated series, and shall not be issuable by the Corporation as Series A Preferred Stock.
Cancellation of Series A Preferred Stock. The Company shall have caused the conversion of any issued and outstanding shares of preferred stock of the Company into shares of Common Stock, and shall cancel the current Series A Convertible Preferred Stock as set forth in the Certificate of Incorporation.
Cancellation of Series A Preferred Stock. On the business day immediately following the Closing and upon delivery to the Company for cancellation in accordance with Section 2.2(a) hereof of certificates representing the Series A Shares, the Company will in accordance with Section 151(g) of the General Corporation Law of Delaware, file a Certificate of Elimination with the Secretary of State eliminating from the charter of the Company all matters set forth in the Series A Certificate of Designations with respect to the Series A Convertible Preferred Stock of the Company.
Cancellation of Series A Preferred Stock. Immediately upon the later of (i) the payment of all Asset Sale Dividends in respect of all Asset Sale Transactions consummated prior the Asset Sale Expiration Date or (ii) the payment of all Spin-Off Dividends (subject to applicable law and securities registration exemption), the Asset Sale Expiration Date, each share of Series A Preferred Stock shall, automatically and without any action on the part of the holder thereof, cease to be outstanding and shall be cancelled and returned to the status of authorized but unissued shares of Preferred Stock and shall no longer be designated as Series A Preferred Stock, and any holder thereof shall thereafter cease to have any rights with respect to such shares.
Cancellation of Series A Preferred Stock. At the Merger Effective Time, by virtue of the Merger and without any action on the part of the Parent, Merger Sub, the Company or the holders of Series A Preferred Stock, each share of Series A Preferred Stock issued and outstanding immediately prior to the Merger Effective Time shall be converted into the right to receive a pro rata portion of the Preferred Liquidation Amount payable without interest pursuant to Section 4.2(g). Upon such conversion, all such shares of Series A Preferred Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate previously representing any such shares shall cease to have any rights with respect thereto except the right to receive the consideration specified in this Section 3.2(b).
Cancellation of Series A Preferred Stock. Immediately upon the later of (i) the payment of all Asset Sale Dividends in respect of all Asset Sale Transactions consummated prior the Asset Sale Expiration Date or (ii) the payment of all Spin-Off Dividends (subject to applicable law, securities registration exemption and the terms of the Side Letter), or immediately prior to or concurrent with the consummation of a Liquidation or a Fundamental Transaction (but subject to compliance with Section 5 hereof prior to the consummation of or concurrent with such Liquidation or Fundamental Transaction) (any such time, the “Preferred Stock End Date”), each share of Series A Preferred Stock shall, automatically and without any action on the part of the holder thereof, cease to be outstanding and shall be cancelled and returned to the status of authorized but unissued shares of Preferred Stock and shall no longer be designated as Series A Preferred Stock, and any holder thereof shall thereafter cease to have any rights with respect to such shares.
Cancellation of Series A Preferred Stock. In order to effect the exchange of all of the 28,927 outstanding shares of Series A Preferred Stock for a total of 28,927,000 new shares of Common Stock, concurrently with the execution of this Agreement, Holders have delivered to the Company for cancellation the stock certificates representing all of the 28,927 outstanding shares of Series A Preferred Stock owned by the Holders. The foregoing Series A Preferred Stock stock certificates have been duly endorsed for cancellation by each of the Holders in a manner satisfactory to the Company. The Company hereby acknowledges receipt of the foregoing stock certificates and agrees to cancel all of the shares of Series A Preferred Stock represented by the stock certificates.
Cancellation of Series A Preferred Stock. All of the ---------------------------------------- Company's authorized Series A Preferred Stock shall have been canceled;
Cancellation of Series A Preferred Stock. All shares of Series A Preferred Stock which shall have been surrendered for conversion as herein provided shall no longer be deemed to be outstanding and all rights with respect to such shares, including the rights, if any, to receive notices and to vote, shall forthwith cease and terminate except only the right of the holders thereof to receive shares of Class A Common Stock in exchange therefor and to receive payment of any declared but unpaid dividends thereon. Any shares of Series A Preferred Stock so converted shall be retired and canceled and shall not be reissued, and the Corporation may from time to time take such appropriate action as may be necessary to reduce the authorized number of Series A Preferred Stock accordingly.
Cancellation of Series A Preferred Stock. The Company shall have filed a certificate of elimination with the Secretary of State of the State of Delaware, in form and substance reasonably acceptable to the Purchasers purchasing a majority of the Shares to be purchased at the Closing, providing for the elimination of the Series A Preferred Stock of the Company, par value $0.0001 per share (the “Series A Preferred Stock”), and no shares of Series A Preferred Stock shall be outstanding.
