Common use of Reissuance of Preferred Stock Clause in Contracts

Reissuance of Preferred Stock. Shares of Preferred Stock that have been issued and reacquired in any manner, including shares purchased or redeemed or exchanged or converted, shall (upon compliance with any applicable provisions of the laws of Delaware) have the status of authorized but unissued shares of preferred stock of the Company undesignated as to series and may be designated or re-designated and issued or reissued, as the case may be, as part of any series of preferred stock of the Company, provided that any issuance of such shares as Preferred Stock must be in compliance with the terms hereof.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Fleet Boston Corp), Stock Purchase Agreement (North Fork Bancorporation Inc)

AutoNDA by SimpleDocs

Reissuance of Preferred Stock. Shares of Preferred Stock that have been issued and reacquired in any manner, including shares purchased or redeemed by the Company or exchanged or converted, shall (upon compliance with any applicable provisions of the laws of Delaware) have the status of authorized but unissued shares of preferred stock of the Company undesignated as to series and may be designated or re-designated redesignated and issued or reissued, as the case may be, as part of any series of preferred stock of the Company, provided that any issuance of such shares as Preferred Stock must be in compliance with the terms hereof.

Appears in 1 contract

Samples: Investment Agreement (First Marblehead Corp)

AutoNDA by SimpleDocs

Reissuance of Preferred Stock. Shares of Series A Preferred Stock that have been issued and reacquired in any manner, including shares purchased or redeemed or exchanged or converted, shall (upon compliance with any applicable provisions of the laws of Delaware) have the status of authorized but unissued shares of preferred stock of the Company Corporation undesignated as to series and may be designated or re-designated redesignated and issued or reissued, as the case may be, as part of any series of preferred stock of the CompanyCorporation, provided that any issuance of such shares as Preferred Stock preferred stock must be in compliance with the terms hereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Electric City Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.