Common use of Status of Converted Stock Clause in Contracts

Status of Converted Stock. In the event any shares of the Series B Preferred Stock shall be converted pursuant to Section 3 above, the shares so converted shall be cancelled and shall revert to the Corporation's authorized but unissued Preferred Stock.

Appears in 1 contract

Samples: Share Exchange Agreement (Originclear, Inc.)

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Status of Converted Stock. In the event any shares of the Series B Preferred Stock shall be converted pursuant to Section 3 above4 hereof, the shares so converted shall be cancelled and shall revert to not be issuable by the Corporation's . This Restated Certificate shall be appropriately amended to effect the corresponding reduction in the Corporation’s authorized but unissued Preferred Stockcapital stock.

Appears in 1 contract

Samples: Series D Preferred Stock Purchase Agreement (Neothetics, Inc.)

Status of Converted Stock. In the event case any shares of the Series B A Preferred Stock shall be converted pursuant to Section 3 above4 hereof, the shares so converted shall be cancelled canceled, shall not be reissuable and shall revert cease to be a part of the authorized capital stock of the Corporation's authorized but unissued Preferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tor Minerals International Inc)

Status of Converted Stock. In the event any shares of the Series B C-2 Preferred Stock shall be converted pursuant to this Section 3 above5, the shares so converted shall be cancelled and shall revert to the Corporation's status of authorized but unissued shares of Preferred StockStock undesignated as to series or other terms.

Appears in 1 contract

Samples: Consent Agreement (Genaera Corp)

Status of Converted Stock. In the event case any shares of the Series B A Preferred Stock shall be converted pursuant to Section 3 above4.1 hereof, the shares so converted shall be cancelled canceled and shall revert to the Corporation's authorized but unissued Preferred Stocknot be reissuable.

Appears in 1 contract

Samples: Stock Purchase Agreement (Npowr Digital Media Inc)

Status of Converted Stock. In the event any shares of the Series B Preferred Stock shall be converted pursuant to Section 3 above4 hereof, the shares so converted shall be cancelled and shall revert not be issuable by the Corporation, and any declared but unpaid dividends (whether or not declared) with respect to such converted shares shall be cancelled. The Certificate of Incorporation of the Corporation may be appropriately amended from time to time to effect the corresponding reduction in the Corporation's authorized but unissued Preferred Stockcapital stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Culmen Technology Partners Lp)

Status of Converted Stock. In the event any shares of the Series B Preferred Stock shall be converted pursuant to Section 3 above4 hereof or redeemed pursuant to Section 15 hereof, the shares so converted or redeemed shall be cancelled canceled and shall revert to not be reissuable by the Corporation's authorized but unissued Preferred Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Airspan Networks Inc)

Status of Converted Stock. In the event any shares of the Series B H Preferred Stock shall be converted pursuant to Section 3 above4 hereof, or are otherwise acquired by the Corporation, the shares so converted or acquired shall be cancelled and shall revert to resume the Corporation's status of authorized but unissued shares of Series H Preferred Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Ameriquest Technologies Inc)

Status of Converted Stock. In the event any shares of the Series B Preferred Stock shall be converted pursuant to Section 3 abovethe terms hereof, the shares so converted converted, redeemed or repurchased shall be cancelled and shall revert to the Corporation's category of authorized but unissued shares of Preferred StockStock by the Corporation.

Appears in 1 contract

Samples: Share Exchange Agreement (Precom Technology Inc)

Status of Converted Stock. In the event any shares of the Series B Preferred Stock shall be converted pursuant to Section 3 above4 hereof, the shares so converted shall be cancelled canceled and shall revert to the Corporation's authorized but unissued Preferred Stocknot be issuable by this corporation.

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (Scansoft Inc)

Status of Converted Stock. In the event any shares of the Series B Preferred Stock or Series C Preferred Stock shall be converted pursuant to Section 3 above4 hereof, the shares so converted shall be cancelled and shall revert not be reissuable by the corporation, but shall be returned to the Corporation's authorized but unissued status of undesignated shares of Preferred Stock.

Appears in 1 contract

Samples: Subscription Agreement (Modtech Holdings Inc)

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Status of Converted Stock. In the event any shares of the Series B A Preferred Stock shall be converted pursuant to Section 3 above4, the shares so converted shall be cancelled and shall revert to not be issuable by the Corporation's authorized but unissued Preferred Stock.

Appears in 1 contract

Samples: Exchange Transaction Agreement (Redpoint Bio CORP)

Status of Converted Stock. In the event any shares of the Series B C-1 Preferred Stock shall be converted pursuant to this Section 3 above5, the shares so converted shall be cancelled and shall revert to the Corporation's status of authorized but unissued shares of Preferred StockStock undesignated as to series or other terms.

Appears in 1 contract

Samples: Consent Agreement (Genaera Corp)

Status of Converted Stock. In the event any shares of the Series B D Preferred Stock shall be converted pursuant to Section 3 above5 hereof, the shares so converted shall be cancelled and retired and shall revert be returned to the Corporation's authorized but unissued Preferred Stockstatus of undesignated preferred stock.

Appears in 1 contract

Samples: Series D Preferred Stock Purchase Agreement (International Stem Cell CORP)

Status of Converted Stock. In the event any shares of the Series B A Preferred Stock, Series C Preferred Stock, Series C-1 Preferred Stock, Series D Preferred Stock shall be and Series E Preferred Stock are converted pursuant to Section 3 above5 hereof, the shares so converted shall be cancelled canceled, retired and eliminated and shall revert to not be reissued by the Corporation's authorized but unissued Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Medscape Inc)

Status of Converted Stock. In the event case any shares of the Series B Preferred Stock shall be converted pursuant to Section 3 above5 hereof, the shares so converted shall be cancelled and shall revert to resume the Corporation's status of authorized but unissued shares of Preferred Stock.

Appears in 1 contract

Samples: Merger Agreement (American Xtal Technology)

Status of Converted Stock. In the event case any shares series of the Series B Preferred Stock shall be converted pursuant to this Section 3 above4, the shares so converted shall be cancelled and shall revert to resume the Corporation's status of authorized but unissued shares of Preferred StockStock undesignated as to series.

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (Adknowledge Inc)

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