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: Preferred Stock Purchase Agreement (Rubios Restaurants Inc), Preferred Stock Purchase Agreement (Rubios Restaurants Inc)
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 Corporationcorporation. The Articles of Incorporation of this Corporation corporation shall be appropriately amended to effect the corresponding reduction in the Corporationcorporation's authorized capital stock.
Appears in 2 contracts
Samples: Shareholders' Agreement (Discovery Partners International Inc), Shareholders' Agreement (Discovery Partners International 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 Corporationcorporation. The Articles of Incorporation of this Corporation corporation shall be appropriately amended to effect the corresponding reduction in the Corporationcorporation's authorized capital stock.
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