Common use of Status of Acquired Shares Clause in Contracts

Status of Acquired Shares. Shares of Series A Preferred Stock redeemed by the Corporation or otherwise acquired by the Corporation shall be retired and cancelled and shall not be restored to the status of authorized but unissued shares of Series A Preferred Stock or reissued thereafter.

Appears in 2 contracts

Samples: Securities Exchange Agreement (Phillips R H Inc), Securities Exchange Agreement (Phillips R H Inc)

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Status of Acquired Shares. Shares of Series A Preferred ------------------------- Stock redeemed by the Corporation Corporation, or otherwise acquired by the Corporation shall be retired and cancelled and shall not Corporation, will be restored to the status of authorized but unissued shares of the Corporation's preferred stock, without designation as to class, and may thereafter be issued, but not as shares of Series A Preferred Stock or reissued thereafterStock.

Appears in 1 contract

Samples: Merger Agreement (Danielson Holding Corp)

Status of Acquired Shares. Shares All shares of Series A Preferred Stock issued and redeemed by the Corporation in accordance with Section 5 hereof, or otherwise acquired by the Corporation Corporation, shall be retired and cancelled and shall not be restored to the status of authorized but unissued shares of Series A undesignated Preferred Stock or reissued thereafterof the Corporation.

Appears in 1 contract

Samples: Amendment Agreement (AMERI Holdings, Inc.)

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Status of Acquired Shares. Shares All shares of Series A Preferred Stock redeemed by the Corporation redeemed, purchased, exchanged, or otherwise acquired by the Corporation shall be retired and cancelled and shall not be restored to the status of authorized but unissued shares of Series A Preferred Stock or reissued thereafterpreferred stock, par value $0.01 per share, of the Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Brookfield Asset Management Inc.)

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