Common use of Retirement of Shares Clause in Contracts

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.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Vulcan Ventures Inc), Stock Purchase Agreement (Go2net Inc)

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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.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Go2net Inc), Stock Purchase Agreement (Go2net Inc)

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Retirement of Shares. Any shares of Series A Preferred Stock -------------------- converted pursuant to the provisions of this Section 6 5 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.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vulcan Ventures Inc)

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