Common use of Status of Reacquired Shares Clause in Contracts

Status of Reacquired Shares. No shares of the Series B Preferred Stock which have been issued and reacquired in any manner or converted into Common Stock may be reissued, and all such shares shall be returned to the status of undesignated shares of preferred stock of the Corporation.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Datrek Miller International, Inc.), Preferred Stock Purchase Agreement (Datrek Miller International, Inc.), Preferred Stock Purchase Agreement (Elandia International Inc.)

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Status of Reacquired Shares. No shares of the Series B Preferred Stock which have been issued and reacquired in any manner or converted into Common Stock may be reissued, and all such shares shall be returned to the status of undesignated shares of preferred stock of the Corporation.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Tangible Asset Galleries Inc), Securities Purchase Agreement (Tangible Asset Galleries Inc)

Status of Reacquired Shares. No shares of the Series B C Preferred Stock which have been issued and reacquired in any manner or converted into Common Stock may be reissued, and all such shares shall be returned to the status of undesignated shares of preferred stock of the Corporation.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Health Systems Solutions Inc), Preferred Stock Purchase Agreement (Forefront Holdings, Inc.)

Status of Reacquired Shares. No shares of the Series B D Preferred Stock which have been issued and reacquired in any manner or converted into Common Stock may be reissued, and all such shares shall be returned to the status of undesignated shares of preferred stock of the Corporation.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tangible Asset Galleries Inc)

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Status of Reacquired Shares. No shares of the Series B D Preferred Stock which have been issued and reacquired in any manner or converted into Common Stock may be reissued, and all such shares shall be returned to the status of undesignated shares of preferred stock of the Corporation.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Health Systems Solutions Inc)

Status of Reacquired Shares. No shares of the Series B A Preferred Stock which have been issued and reacquired in any manner or converted into Common Stock may be reissued, and all such shares shall be returned to the status of undesignated shares of preferred stock of the CorporationCompany.

Appears in 1 contract

Samples: Preferred Stock Issuance Agreement (Computerized Thermal Imaging Inc)

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