Status of Converted Stock. In the event any shares of Series A Preferred ------------------------- Stock are converted to Common Stock pursuant to paragraph A(5) hereof, the shares so converted shall be canceled, retired and eliminated and shall not be reissued 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 2 contracts
Samples: Securities Purchase Agreement (Canisco Resources Inc), Securities Purchase Agreement (Morse Partners LTD)
Status of Converted Stock. In the event any shares of Series A D Preferred ------------------------- Stock are shall be converted to Common Stock pursuant to paragraph A(5) Section 6 hereof, the shares so converted shall be canceled, retired and eliminated cancelled and shall not be reissued issuable by the this Corporation. The Certificate of Incorporation of the this Corporation shall be appropriately amended to effect the corresponding reduction in the this Corporation's authorized capital stock.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Mullen Automotive Inc.), Securities Purchase Agreement (Mullen Automotive Inc.)
Status of Converted Stock. In the event any shares of shares of Series A Preferred ------------------------- Stock are converted to Common Stock pursuant to paragraph A(5) Section 4 hereof, the shares so converted shall be canceled, retired and eliminated and shall not be reissued 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
Status of Converted Stock. In the event any Any shares of Series A Preferred Stock ------------------------- Stock are converted to Common Stock pursuant to paragraph A(5) hereofacquired by this corporation by redemption, the shares so converted purchase, conversion or otherwise shall be canceled, retired and eliminated canceled and shall not be reissued issuable by the Corporationthis corporation. The This Restated Certificate of Incorporation of the Corporation shall be appropriately amended to effect the corresponding reduction in the Corporationthis corporation's authorized capital stock.
Appears in 1 contract
Samples: Preferred Stock Purchase Warrant (Foundry Networks Inc)
