Common use of Status of Converted Stock Clause in Contracts

Status of Converted Stock. In the event any shares of Class B Common Stock shall be converted pursuant to this Section 4 of Article 3, the shares of Class B Common Stock so converted shall be cancelled and shall not be issuable by the Corporation.

Appears in 1 contract

Samples: Subscription Agreement

AutoNDA by SimpleDocs

Status of Converted Stock. In the event any shares of Class B Common Preferred Stock shall hall be converted pursuant to this Section 4 of Article 3hereof, the shares of Class B Common Stock so converted shall be cancelled and shall not be issuable by the Corporation. This Restated Certificate shall be appropriately amended to effect the corresponding reduction in the Corporation’s authorized capital stock.

Appears in 1 contract

Samples: Series B Preferred Stock Purchase Agreement (WhiteSmoke, Inc.)

Status of Converted Stock. In the event any shares of Class B Common Series A Preferred Stock shall be converted pursuant to this Section 4 of Article 3IV.B.4, the shares of Class B Common Stock so converted shall be cancelled and shall not be issuable by this Corporation. This Certificate of Incorporation shall be appropriately amended to effect the corresponding reduction in this Corporation’s authorized capital stock.

Appears in 1 contract

Samples: Convertible Promissory Note Agreement (KeyOn Communications Holdings Inc.)

Status of Converted Stock. In the event any shares of Class B Common Series A Stock shall be converted pursuant to this Section 4 of Article 3hereof, the shares of Class B Common Stock so converted shall be cancelled canceled and shall not be issuable by the Corporation. The Certificate of Incorporation of the Corporation shall be appropriately amended to effect the corresponding reduction in the Corporation's authorized capital stock.

Appears in 1 contract

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

Status of Converted Stock. In the event any shares of Class B Common any series of Preferred Stock shall be are converted pursuant to this Section 4 of Article 34.3, the Corporation shall never again issue the shares of Class B Common Stock so converted and all such shares so converted shall, upon such conversion, cease to be a part of the Corporation's authorized stock. The Corporation's Certificate of Incorporation shall be cancelled and shall not be issuable by appropriately amended to effect the corresponding reduction in the Corporation's authorized stock.

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (Introgen Therapeutics Inc)

AutoNDA by SimpleDocs

Status of Converted Stock. In the event any shares of Class B A Common Stock shall be converted pursuant to this Section 4 of this Article 3III(C) above, the shares of Class B Common Stock so converted shall be cancelled and shall not be issuable by the Corporation. This Certificate shall be appropriately amended to effect the corresponding reduction in the Corporation’s authorized capital stock.

Appears in 1 contract

Samples: Master Agreement (Fallbrook Technologies Inc)

Status of Converted Stock. In the event any shares of Class B Common Stock Preferred Stock, shall be converted into shares of Common Stock pursuant to this Section 4 of Article 3hereof, the shares of Class B Common Stock 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 Corporationcorresponding reduction in this corporation’s authorized capital stock.

Appears in 1 contract

Samples: Merger Agreement (Victory Acquisition Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!