Status of Converted or Redeemed Stock. In the event any shares of Preferred Stock shall be redeemed or converted pursuant to Section 3 or Section 4 hereof, the shares so converted or redeemed shall be cancelled and shall not be issuable by the corporation. The Articles of Incorporation of this corporation shall be appropriately amended to effect the corresponding reduction in the corporation's authorized capital stock.
Appears in 2 contracts
Samples: Series E Preferred Stock Purchase Agreement (Discovery Partners International Inc), Series E Preferred Stock Purchase Agreement (Discovery Partners International Inc)
Status of Converted or Redeemed Stock. In the event any shares of Preferred Stock shall be redeemed or converted pursuant to Section 3 4 of this Division B of this Article IV or Section 4 hereof3 of Division D of this Article IV, the shares so converted or redeemed shall be cancelled canceled and shall not be issuable by the corporationCorporation. The Articles of Incorporation of this corporation Restated Certificate shall be appropriately and promptly amended to effect the corresponding reduction in the corporation's Corporation’s authorized capital stock.
Appears in 2 contracts
Samples: Stock Acquisition Agreement (Active Network Inc), Stock Acquisition Agreement (Active Network Inc)
Status of Converted or Redeemed Stock. In the event any shares ------------------------------------- of Series A Preferred Stock shall be redeemed or converted pursuant to Section 3 or Section 4 hereof, the shares so converted or redeemed shall be cancelled and shall not be issuable by the corporation. The Articles Certificate of Incorporation of this corporation shall be appropriately amended to effect the corresponding reduction in the corporation's authorized capital stock.
Appears in 2 contracts
Samples: Series a Preferred Stock Purchase Agreement (Corsair Communications Inc), Warrant Agreement (Corsair Communications Inc)
Status of Converted or Redeemed Stock. In the event any shares of ------------------------------------- Series A Preferred Stock shall be redeemed or converted pursuant to Section 3 or Section 4 hereof, the shares so converted or redeemed shall be cancelled and shall not be issuable by the corporation. The Articles Certificate of Incorporation of this corporation shall be appropriately amended to effect the corresponding reduction in the corporation's authorized capital stock.
Appears in 1 contract
Samples: Stock Purchase Agreement (Corsair Communications Inc)
