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 Series Y Preferred Stock redeemed pursuant to this Section 6 or otherwise acquired by the Corporation in any manner whatsoever shall be canceled 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 accordingly the number of authorized shares of Series Y Preferred Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Columbia Capital LLC)

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Redeemed or Otherwise Acquired Shares to be Retired. Any shares of Series Y A Convertible Preferred Stock redeemed pursuant to this Section 6 paragraph 7 or otherwise acquired by the Corporation in any manner whatsoever shall be canceled and shall not under any circumstances be reissued; and and, the Corporation may from time to time take make such appropriate corporate action as may be necessary to reduce accordingly the number of authorized shares of Series Y A Convertible Preferred Stock.

Appears in 1 contract

Samples: Registration Rights Agreement (Ets International Inc)

Redeemed or Otherwise Acquired Shares to be Retired. Any shares of Series Y A Convertible Preferred Stock redeemed pursuant to this Section 6 paragraph 7 or otherwise acquired by the Corporation in and any manner whatsoever shall be canceled cancelled and shall not under any circumstances be reissued; and the Corporation may from time to time take such appropriate corporate corporation action as may be necessary to reduce accordingly the number of authorized shares of Series Y A Convertible Preferred Stock.

Appears in 1 contract

Samples: Convertible Preferred Stock and Warrant Purchase Agreement (Medical Sterilization Inc)

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Redeemed or Otherwise Acquired Shares to be Retired. Any shares of Series Y A Convertible Preferred Stock redeemed pursuant to this Section 6 paragraph 7 or otherwise acquired by the Corporation in any manner whatsoever shall be canceled 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 accordingly the number of authorized shares of Series Y A Convertible Preferred Stock.

Appears in 1 contract

Samples: Convertible Preferred Stock and Warrant Purchase Agreement (Medical Sterilization Inc)

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