Common use of Retirement of Shares Clause in Contracts

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

Appears in 3 contracts

Samples: Agreement (NewCardio, Inc.), Return to Treasury Agreement (CTT International Distributors Inc.), Return to Treasury Agreement (Marine Park Holdings, Inc.)

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Retirement of Shares. 2. The Company agrees, subject to section 3 hereof, to forthwith after the closing of that certain Agreement and Plan of Merger entered into by, inter alia, the Merger Agreement Company and THC Internet Solutions, Inc., to retire the Surrendered Shares pursuant to §243 ss.243 of the Delaware General Corporation Law. Condition Precedent

Appears in 3 contracts

Samples: Treasury Agreement (Bahadoorsingh Mahase), Treasury Agreement (Bahadoorsingh Amar), Treasury Agreement (Syed Kashif)

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 LawLaw and to deliver to the Shareholder a balance Certificate free of restrictive legends. Condition Precedent.

Appears in 2 contracts

Samples: Return to Treasury Agreement (Marine Park Holdings, Inc.), Agreement (NewCardio, Inc.)

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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 ss.243 of the Delaware General Corporation Law. Condition Precedent

Appears in 1 contract

Samples: Treasury Agreement (Coventure International Inc)

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