Retirement of Shares. 2. The Company agrees, subject to section 3 hereof, to forthwith after the closing of the Merger Agreement to retire the Surrendered Shares pursuant to §243 of the Delaware General Corporation Law. Condition Precedent
Retirement of Shares. 2. The Company agrees, subject to section 3 hereof, to forthwith after the closing of the Purchase Agreement to retire the Surrendered Shares which shall become authorized but unissued. CONDITION PRECEDENT
Retirement of Shares. Any shares of Series A Preferred Stock -------------------- converted pursuant to the provisions of this Section 6 shall be retired and given the status of authorized and unissued Preferred Stock, undesignated as to series, subject to reissuance by the Corporation as shares of Preferred Stock of one or more series, as may be determined from time to time by the Board.
Retirement of Shares. Any Super Voting Share converted shall be retired and cancelled and may not be reissued as shares of such series or any other class or series, and the Company may thereafter take such appropriate action (without the need for shareholder action) as may be necessary to reduce the authorized number of Super Voting Shares accordingly.
Retirement of Shares. 2. Concurrent with or immediately following the Closing, the Company shall forthwith retire the Shares pursuant to §78.283 of Chapter 78 of the Nevada Revised Statutes.
Retirement of Shares. Shares of Series A Preferred Stock which have been issued and have been redeemed, repurchased or reacquired in any manner by the Corporation shall be retired and restored to the status of authorized but unissued shares of Series A Preferred Stock.
Retirement of Shares. 2. The Company agrees, subject to section 1 hereof, to forthwith retire the Surrendered Shares pursuant to Section 607.0631 of the Florida Business Corporation Act.
Retirement of Shares. Following Closing, HSNS shall retire the 8,239,360 shares of Common Stock purchased as part of the Acquired Assets, and will retire the Common Stock (expected to be 3,111,293 shares) that HSNS receives in distributions by Summus to its shareholders upon liquidation.
Retirement of Shares. 2. The Company agrees, subject to section 3 hereof, to forthwith after the closing of the Share Exchange Agreement to retire the Surrendered Shares pursuant to §___ of the Nevada Corporation Law. Condition Precedent
Retirement of Shares. Shares of Preferred Stock that are redeemed by the Corporation shall be permanently retired and shall not under any circumstances be reissued.
