Common use of Status of Acquired Shares Clause in Contracts

Status of Acquired Shares. Shares of Series B Cumulative Convertible Preferred Stock redeemed or repurchased by the Corporation, received upon conversion pursuant to Section 8 or otherwise acquired by the Corporation will be restored to the status of authorized but unissued shares of Preferred Stock, without designation as to class, and may thereafter be issued, but not as shares of Series B Cumulative Convertible Preferred Stock.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Pb Capital Partners L P), Stock Purchase and Sale Agreement (Perini Corp)

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Status of Acquired Shares. Shares of Series B Cumulative Convertible D Preferred Stock redeemed or repurchased by the Corporation, received upon conversion or redemption pursuant to Section 8 5 or Section 6, respectively, or otherwise acquired by the Corporation will be restored to the status of authorized but unissued shares of Preferred Stock, without designation as to class, and may thereafter be issuedreissued and redesignated, but not as shares of Series B Cumulative Convertible D Preferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Organogenesis Inc)

Status of Acquired Shares. Shares of Series B Cumulative Convertible Preferred Stock redeemed or repurchased by the Corporation, received upon conversion pursuant to Section 8 4 or otherwise acquired by the Corporation Company will be restored to the status of authorized but unissued shares of Preferred Stock, without designation Designation as to class, and may thereafter be issued, but not as shares of Series B Cumulative Convertible Preferred Stock.

Appears in 1 contract

Samples: Acquisition Agreement (Fdctech, Inc.)

Status of Acquired Shares. Shares of Series B Cumulative Convertible A Preferred Stock redeemed or repurchased by the Corporation, received upon redemption, purchase, conversion pursuant to Section 8 or otherwise acquired by the Corporation will be restored to the status of authorized but unissued shares of Preferred Stock, without designation as to class, and may thereafter be issued, but not as shares of Series B Cumulative Convertible A Preferred Stock.

Appears in 1 contract

Samples: Series a Cumulative Convertible Preferred Stock Purchase Agreement (Monsterdaata Com Inc)

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Status of Acquired Shares. Shares of Series B Cumulative Convertible ------------------------- Preferred Stock redeemed or repurchased by the Corporation, received upon conversion pursuant to Section 8 or otherwise acquired by the Corporation will be restored to the status of authorized but unissued shares of Preferred Stock, without designation as to class, and may thereafter be issued, but not as shares of Series B Cumulative Convertible Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Union Labor Life Insurance Co)

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