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

Status of Converted or Redeemed Stock. In the event any shares of ------------------------------------- Series A Preferred Stock shall be converted or redeemed pursuant to Section 4 or 5 hereof or otherwise, the shares of Series A Preferred Stock so converted or redeemed shall be cancelled and shall not be issuable by the corporation, and this corporation.

Appears in 2 contracts

Samples: Series a Convertible Redeemable Preferred Stock Purchase Agreement (Intellisys Group Inc), Series a Convertible Redeemable Stock Purchase Agreement (Intellisys Group Inc)

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Status of Converted or Redeemed Stock. In the event any shares of ------------------------------------- Series A B Convertible Preferred Stock shall be converted pursuant to Section 4 hereof or redeemed pursuant to Section 4 or 5 hereof or otherwisehereof, the shares of Series A Preferred Stock so converted or redeemed shall be cancelled canceled and shall not be issuable reissuable by the corporation, and this corporationCorporation.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Medi Ject Corp /Mn/)

Status of Converted or Redeemed Stock. In the event any shares of ------------------------------------- Series A Preferred Stock shall be redeemed or converted or redeemed pursuant to Section 4 or Section 5 hereof or otherwisehereof, the shares of Series A Preferred Stock so converted or redeemed shall be cancelled and shall not be issuable by the corporation, and this corporationCompany. The Articles of Incorporation of the Company shall be appropriately amended to effect the corresponding reduction in the Company's authorized capital stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sunstone Hotel Investors Inc)

Status of Converted or Redeemed Stock. In the event any shares of ------------------------------------- Series A B Preferred Stock shall be converted or redeemed pursuant to Section 3 or Section 4 or 5 hereof or otherwisehereof, the shares of Series A Preferred Stock so converted or redeemed shall be cancelled canceled and shall not be issuable available for issuance by the corporation, and this corporationCorporation in accordance with the Corporation’s Certificate of Incorporation.

Appears in 1 contract

Samples: Merger Agreement (First Intercontinental Technology, Inc.)

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Status of Converted or Redeemed Stock. In the event any shares of ------------------------------------- Series A C Preferred Stock shall be converted or redeemed pursuant to Section 4 5 or 5 hereof or otherwiseSection 6 hereof, the shares of Series A Preferred Stock so converted or redeemed shall be cancelled canceled in full and shall not be issuable available for re-issuance by the corporation, and this corporationCorporation.

Appears in 1 contract

Samples: Merger Agreement (First Intercontinental Technology, Inc.)

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