Common use of NO REISSUANCE OF SERIES B PREFERRED STOCK Clause in Contracts

NO REISSUANCE OF SERIES B PREFERRED STOCK. No share or shares of Series B Preferred Stock acquired by the Corporation by reason of redemption, purchase, conversion or otherwise shall be reissued.

Appears in 2 contracts

Samples: Employment Agreement (Skyway Communications Holding Corp), Agreement and Plan of Merger (Skyway Communications Holding Corp)

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NO REISSUANCE OF SERIES B PREFERRED STOCK. No Any share or shares of Series B Preferred Stock acquired by the Corporation Company by reason of redemption, purchase, conversion or otherwise shall be reissuedcanceled, shall return to the status of authorized but unissued preferred stock of no designated series, and shall not be reissuable or re-sellable by the Company as Series B Preferred Stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ip Voice Com Inc), Registration Rights Agreement (Ip Voice Com Inc)

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