Status of Converted Stock. In the event any Preferred Shares shall be converted pursuant to Section 6 hereof, (i) the Preferred Shares so converted shall be retired and cancelled and shall not be reissued and (ii) the authorized number of Preferred Shares set forth in Section 1 hereof shall be automatically reduced by the number of Preferred Shares so converted and the number of shares of the Corporation's undesignated Preferred Stock shall be deemed increased by such number.
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Samples: Agreement and Plan of Merger (Email Real Estate Com Inc), Agreement and Plan of Merger (Email Real Estate Com Inc)
Status of Converted Stock. In the event case any shares of Preferred Shares Stock shall be converted pursuant to Section 6 5 hereof, (i) the Preferred Shares shares so converted shall be retired and cancelled and shall not be reissued and (ii) resume the status of authorized number but unissued shares of Preferred Shares set forth in Section 1 hereof shall be automatically reduced by the number of Preferred Shares so converted and the number of shares of the Corporation's undesignated Preferred Stock shall be deemed increased by such numberStock.
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Samples: Agreement and Plan of Merger (American Xtal Technology)
Status of Converted Stock. In the event any shares of Series C-1 Preferred Shares Stock shall be converted pursuant to this Section 6 hereof5, (i) the Preferred Shares shares so converted shall be retired and cancelled and shall not be reissued and (ii) revert to the status of authorized number shares of Preferred Shares set forth in Section 1 hereof shall be automatically reduced by the number of Preferred Shares so converted and the number of shares of the Corporation's Stock undesignated Preferred Stock shall be deemed increased by such numberas to series or other terms.
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Samples: Consent Agreement (Genaera Corp)
Status of Converted Stock. In the event any shares of Series D Preferred Shares Stock shall be converted pursuant to Section 6 5 hereof, (i) the Preferred Shares shares so converted shall be cancelled and retired and cancelled and shall not be reissued and (ii) the authorized number of Preferred Shares set forth in Section 1 hereof shall be automatically reduced by returned to the number status of Preferred Shares so converted and the number of shares of the Corporation's undesignated Preferred Stock shall be deemed increased by such numberpreferred stock.
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Samples: Series D Preferred Stock Purchase Agreement (International Stem Cell CORP)
Status of Converted Stock. In the event any shares of Series A Preferred Shares Stock shall be converted pursuant to Section 6 hereof6, (i) the Preferred Shares shares so converted shall be retired and cancelled shall resume the status of authorized and shall not be reissued and (ii) the authorized number unissued shares of Preferred Shares set forth in Section 1 hereof shall be automatically reduced by the number of Preferred Shares so converted and the number of shares of the Corporation's undesignated Preferred Stock shall be deemed increased by such numberStock.
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