Common use of Status of Converted or Redeemed Stock Clause in Contracts

Status of Converted or Redeemed Stock. In case any shares of Series A Preferred Stock shall be redeemed or otherwise repurchased or reacquired, the shares so redeemed, repurchased, or reacquired shall resume the status of authorized but unissued shares of preferred stock, and shall no longer be designated as Series A Preferred Stock.

Appears in 3 contracts

Samples: Share Purchase and Share Exchange Agreement (Wizard World, Inc.), Subscription Agreement (Wizard World, Inc.), Subscription Agreement (Wizard World, Inc.)

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Status of Converted or Redeemed Stock. In case any shares of Series A Preferred Stock shall be redeemed or otherwise repurchased or reacquired, the shares so redeemed, repurchasedconverted, or reacquired shall resume the status of authorized but unissued shares of preferred stock, Preferred Stock and shall no longer be designated as Series A Preferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cycle Country Accessories Corp)

Status of Converted or Redeemed Stock. In case any shares of Series A B Preferred Stock shall be redeemed or otherwise repurchased or reacquired, the shares so redeemed, repurchasedconverted, or reacquired shall resume the status of authorized but unissued shares of preferred stockSeries B Preferred Stock, and shall no longer be designated as Series A B Preferred Stock.

Appears in 1 contract

Samples: Subscription Agreement (Megawest Energy Corp.)

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Status of Converted or Redeemed Stock. In case any shares of Series A Preferred Stock shall be redeemed or otherwise repurchased or reacquired, the shares so redeemed, repurchasedconverted, or reacquired shall resume the status of authorized but unissued shares of preferred stockSeries A Preferred Stock, and shall no longer be designated as Series A Preferred Stock.

Appears in 1 contract

Samples: Subscription Agreement (Megawest Energy Corp.)

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