Common use of Cancellation of Series B Preferred Stock Clause in Contracts

Cancellation of Series B Preferred Stock. If any shares of Series B ---------------------------------------- Preferred Stock are converted pursuant to Article IV, the shares so converted 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 Company as Series B Preferred Stock.

Cancellation of Series B Preferred Stock. If any shares of Series B ---------------------------------------- Preferred Stock are converted pursuant to Article IVIV or redeemed or repurchased by the Corporation, the shares so converted or redeemed shall be canceled, shall return to the status of authorized authorized, but unissued preferred stock Preferred Stock of no designated series, and shall not be issuable by the Company Corporation as Series B Preferred Stock.

Cancellation of Series B Preferred Stock. If any shares of Series B ---------------------------------------- Preferred Stock are converted pursuant to Article IVthis Series B Certificate of Designations, the shares so converted or redeemed shall be canceled, shall return to the status of authorized authorized, but unissued preferred stock Series B Preferred Stock of no designated series, and shall not be issuable by the Company Corporation as Series B Preferred Stock.

Cancellation of Series B Preferred Stock. If any shares of Series B ---------------------------------------- Preferred Stock are converted redeemed pursuant to Article IVthe terms of this Designation, the shares so converted redeemed shall be canceled, canceled and shall return to the status of authorized designated, but unissued preferred stock of no designated series, and shall not be issuable by the Company as Series B Preferred Stock, subject to the terms of this Designation.