Common use of Status of Converted or Repurchased Shares Clause in Contracts

Status of Converted or Repurchased Shares. Shares of Mandatory Convertible Preferred Stock that are duly converted in accordance herewith or repurchased or otherwise acquired by the Corporation shall revert to authorized but unissued shares of Preferred Stock, undesignated as to series and available for future issuance; provided that any such cancelled shares of Mandatory Convertible Preferred Stock may be reissued only as shares of any series of Preferred Stock other than Mandatory Convertible Preferred Stock.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (Kansas City Power & Light Co)

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Status of Converted or Repurchased Shares. Shares of Mandatory Convertible Series A-1 Preferred Stock that are duly converted in accordance herewith or repurchased or otherwise acquired by the Corporation shall revert to authorized but unissued shares of Preferred Stock, undesignated as to series and available for future issuance; provided that any such cancelled shares of Mandatory Convertible Series A-1 Preferred Stock may be reissued only as shares of any series of Preferred Stock other than Mandatory Convertible Series A-1 Preferred Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Amsurg Corp), Agreement and Plan of Merger (Envision Healthcare Holdings, Inc.)

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