Common use of Redeemed or Otherwise Acquired Shares to be Retired Clause in Contracts

Redeemed or Otherwise Acquired Shares to be Retired. Any shares of the Redeemable Preferred Stock redeemed pursuant to this paragraph 2 or otherwise acquired by the Corporation in any manner whatsoever shall be permanently retired and shall not under any circumstances be reissued; and the Corporation may from time to time take such appropriate corporate action as may be necessary to reduce the number of authorized shares of Redeemable Preferred Stock accordingly.

Appears in 2 contracts

Samples: Registration Rights Agreement (United Surgical Partners International Inc), Stockholders Agreement (United Surgical Partners International Inc)

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Redeemed or Otherwise Acquired Shares to be Retired. Any shares of the Redeemable Series A Preferred Stock redeemed pursuant to this paragraph 2 Section 1.2 or otherwise acquired by the Corporation in any manner whatsoever shall be permanently retired and shall not under any circumstances be reissued; and the Corporation may from time to time take such appropriate corporate action as may be necessary to reduce the number of authorized shares of Redeemable Preferred Stock accordingly.

Appears in 1 contract

Samples: Employment Agreement (Jacobs Jay Inc)

Redeemed or Otherwise Acquired Shares to be Retired. Any shares of the Redeemable Series B Preferred Stock redeemed pursuant to this paragraph 2 Section 2.2 or otherwise acquired by the Corporation in any manner whatsoever shall be permanently retired and shall not under any circumstances be reissued; and the Corporation may from time to time take such appropriate corporate action as may be necessary to reduce the number of authorized shares of Redeemable Preferred Stock accordingly.

Appears in 1 contract

Samples: Employment Agreement (Jacobs Jay Inc)

Redeemed or Otherwise Acquired Shares to be Retired. Any shares of the Redeemable Preferred Stock redeemed pursuant to this paragraph 2 or otherwise acquired by the Corporation in any manner whatsoever shall be permanently retired and shall not under any circumstances be reissued; and the Corporation may from time to time take such appropriate corporate action as may be necessary to reduce the number of authorized shares of Redeemable Preferred Stock accordingly.

Appears in 1 contract

Samples: Registration Rights Agreement (United Surgical Partners International Inc)

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Redeemed or Otherwise Acquired Shares to be Retired. Any shares of the Redeemable Preferred Stock redeemed pursuant to this paragraph 2 or otherwise acquired by the Corporation in any manner whatsoever shall be permanently retired and shall not under any circumstances be reissued; and the Corporation may from time to time take such appropriate corporate action as may be necessary to reduce the number of authorized shares of Redeemable Preferred Stock accordingly.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Med E America Corp)

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