Common use of Redeemed or Otherwise Acquired Shares Clause in Contracts

Redeemed or Otherwise Acquired Shares. Any shares of Series A Preferred Stock that are redeemed or otherwise acquired by the Corporation or any of its subsidiaries shall be automatically and immediately cancelled and retired and shall not be reissued, sold or transferred as shares of such series. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Series A Preferred Stock following redemption.

Appears in 3 contracts

Samples: Investment and Transaction Agreement (Id Systems Inc), Investment and Transaction Agreement (Id Systems Inc), Investment and Transaction Agreement (Id Systems Inc)

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Redeemed or Otherwise Acquired Shares. Any shares of Series A D Preferred Stock that are redeemed or otherwise acquired by the Corporation or any of its subsidiaries shall be automatically and immediately cancelled and retired and shall not be reissued, sold or transferred as shares of such seriestransferred. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Series A D Preferred Stock following redemption.

Appears in 2 contracts

Samples: Series D Preferred Stock Purchase Agreement (Neothetics, Inc.), Convertible Preferred Stock and Warrant Purchase Agreement (Idera Pharmaceuticals, Inc.)

Redeemed or Otherwise Acquired Shares. Any shares of Series A Preferred Stock that are redeemed redeemed, converted or otherwise acquired by the Corporation or any of its subsidiaries shall be automatically and immediately cancelled and retired and shall not be reissued, sold or transferred as shares of such seriestransferred. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Series A Preferred Stock following redemption, conversion or acquisition.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (TypTap Insurance Group, Inc.), Preferred Stock Purchase Agreement (HCI Group, Inc.)

Redeemed or Otherwise Acquired Shares. Any shares of Series A Preferred Stock that are redeemed or otherwise acquired by the Corporation or any of its subsidiaries shall be automatically and immediately cancelled and retired and shall not be reissued, sold or transferred as shares of such series. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Series A Preferred Stock following redemptiontransferred.

Appears in 1 contract

Samples: Certificate of Incorporation (Capstone Therapeutics Corp.)

Redeemed or Otherwise Acquired Shares. Any shares of Series A Preferred Stock that which are redeemed or otherwise acquired by the Corporation or any of its subsidiaries shall be automatically and immediately cancelled and retired canceled and shall not be reissued, sold or transferred as shares of such seriestransferred. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Series A Preferred Stock following redemption.

Appears in 1 contract

Samples: Share Exchange Agreement (American Stem Cell Corp)

Redeemed or Otherwise Acquired Shares. Any shares of Series A A-1 Preferred Stock that are redeemed or otherwise acquired by the Corporation or any of its subsidiaries shall be automatically and immediately cancelled and retired and shall not be reissued, sold or transferred as shares of such seriestransferred. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders Holders of Series A A-1 Preferred Stock Shares following redemption.

Appears in 1 contract

Samples: Merger Agreement (Cardax, Inc.)

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Redeemed or Otherwise Acquired Shares. Any shares of Series A Y Preferred Stock that are redeemed or otherwise acquired by the Corporation or any of its subsidiaries shall be automatically and immediately cancelled and retired and shall not be reissued, sold or transferred as shares of such seriestransferred. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Series A Y Preferred Stock following redemption.

Appears in 1 contract

Samples: Merger Agreement (Yatra Online, Inc.)

Redeemed or Otherwise Acquired Shares. Any shares of Series A Preferred Stock that are redeemed or otherwise acquired by the Corporation or any of its subsidiaries shall be automatically and immediately cancelled and retired and shall not be reissued, sold sold, transferred or transferred held as shares of such seriestreasury stock. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Series A Preferred Stock following redemption.

Appears in 1 contract

Samples: Equity Securities Purchase Agreement (CIPHERLOC Corp)

Redeemed or Otherwise Acquired Shares. Any shares of Series A I Preferred Stock that are redeemed or otherwise acquired by the Corporation or any of its subsidiaries shall will be automatically and immediately cancelled and retired and shall will not be reissued, sold or transferred as shares of such seriestransferred. Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Series A I Preferred Stock following redemption.

Appears in 1 contract

Samples: Investment Agreement (Las Vegas Gaming Inc)

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