Common use of Status of Reacquired Shares Clause in Contracts

Status of Reacquired Shares. Shares of the Series C Preferred Stock which have been issued and reacquired in any manner shall (upon compliance with any applicable provisions of the laws of the State of Nevada) have the status of authorized and unissued shares of the Series C Preferred Stock and may be re-designated and reissued. (SIGNATURE ON THE FOLLOWING PAGE)

Appears in 2 contracts

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

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Status of Reacquired Shares. Shares of the Series C A-1 Preferred Stock which have been issued and reacquired in any manner shall (upon compliance with any applicable provisions of the laws of the State of Nevada) have the status of authorized and unissued shares of the Series C A-1 Preferred Stock Stock, issuable in series undesignated as to series and may be re-designated redesignated and reissued. (SIGNATURE ON THE FOLLOWING PAGE)This Certificate of Designation has been duly adopted by the Corporation by all necessary action by the Corporation.

Appears in 1 contract

Samples: Memorandum of Understanding (FLASR, Inc.)

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Status of Reacquired Shares. Shares of the Series C Preferred Stock which have been issued and reacquired in any manner (including by conversion) shall (upon compliance with any applicable provisions of the laws of the State of NevadaDelaware) have the status of authorized and unissued shares of the Preferred Stock issuable in series undesignated as to Series C Preferred Stock and may be re-designated redesignated and reissued. (SIGNATURE ON THE FOLLOWING PAGE).

Appears in 1 contract

Samples: Securities Purchase Agreement (Draupnir LLC)

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