Common use of Status of Converted Stock Clause in Contracts

Status of Converted Stock. In the event any shares of Series D Preferred Stock shall be converted pursuant to Section 6 hereof, the shares so converted shall be cancelled and shall not be issuable by this Corporation. The Certificate of Incorporation of this Corporation shall be appropriately amended to effect the corresponding reduction in this Corporation's authorized capital stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Mullen Automotive Inc.), Securities Purchase Agreement (Mullen Automotive Inc.)

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Status of Converted Stock. In the event any shares of Series D ------------------------- B-1 Preferred Stock shall be converted pursuant to Section 6 5 hereof, the shares so converted shall be cancelled and shall not be issuable by this the Corporation. The Certificate of Incorporation of this the Corporation shall be appropriately amended to effect the corresponding reduction in this the Corporation's authorized capital stock. * Material has been omitted pursuant to a request for confidential treatment, and such material has been filed separately with the SEC.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Durect Corp), Asset Purchase Agreement (Durect Corp)

Status of Converted Stock. In the event any shares of Series D Preferred Stock shall be converted pursuant to Section 6 5 hereof, then the shares so converted shall be cancelled and shall not be issuable by this the Corporation. The Certificate of Incorporation of this Corporation shall be appropriately amended to effect the corresponding reduction in this the Corporation's ’s authorized capital stock.

Appears in 1 contract

Samples: Security Agreement (Fluidigm Corp)

Status of Converted Stock. In the event any shares of Series D Preferred Stock shall be converted pursuant to Section 6 5 hereof, the shares so converted shall be cancelled canceled and shall not be issuable by the Corporation, and this Corporation. The Amended and Restated Certificate of Incorporation of this Corporation shall be appropriately amended to effect the corresponding reduction in this the Corporation's ’s authorized capital stock.

Appears in 1 contract

Samples: License Agreement (GTX Inc /De/)

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Status of Converted Stock. In the event any shares of Series D B Preferred Stock shall be converted pursuant to Section 6 5 hereof, the shares so converted shall be cancelled and shall not be issuable by this the Corporation. The This Certificate of Incorporation of this Corporation Designations shall be appropriately amended to effect the corresponding reduction in this the Corporation's authorized capital stock.

Appears in 1 contract

Samples: Merger Agreement (United Heritage Corp)

Status of Converted Stock. In the event any shares of Series D Preferred A Stock shall be converted pursuant to Section 6 4 hereof, the shares so converted shall be cancelled canceled and shall not be issuable by this the Corporation. The Certificate of Incorporation of this the Corporation shall be appropriately amended to effect the corresponding reduction in this the Corporation's authorized capital stock.

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (Skyauction Com Inc)

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