Common use of Shares No Longer Outstanding Clause in Contracts

Shares No Longer Outstanding. On the later of the Redemption Date or the date on which the Redemption Price is paid in full, (i) dividends on each share of Series OH-2 Convertible Preferred Stock redeemed hereunder shall cease to accrue, (ii) such share shall be deemed no longer outstanding, and (iii) all rights of the holder of such share as a holder of such share (except the right to receive from the Corporation the monies payable upon surrender of the certificates evidencing such share and redemption of such share) shall cease.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Nuvel Holdings, Inc.), Agreement and Plan of Merger (Nuvel Holdings, Inc.), Merger Agreement (Nuvel Holdings, Inc.)

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Shares No Longer Outstanding. On the later of the Redemption Date or the date on which the Redemption Price is paid in fullDate, (i) dividends on each share of Series OH-2 Convertible C Preferred Stock redeemed hereunder shall cease to accrue, (ii) such share shall be deemed no longer outstanding, and (iii) all rights of the holder of such share as a holder of such share (except the right to receive from the Corporation the monies payable upon surrender of the certificates evidencing such share and redemption of such share) shall cease.

Appears in 1 contract

Samples: Merger Agreement (Skyline Medical Inc.)

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Shares No Longer Outstanding. On the later of the Redemption Date or the date on which the Redemption Price is paid in fullDate, (i) dividends on each share of Series OH-2 Convertible D Preferred Stock redeemed hereunder shall cease to accrue, (ii) such share shall be deemed no longer outstanding, and (iii) all rights of the holder of such share as a holder of such share (except the right to receive from the Corporation the monies payable upon surrender of the certificates evidencing such share and redemption of such share) shall cease.

Appears in 1 contract

Samples: Merger Agreement (Skyline Medical Inc.)

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