Status of Redeemed Shares. Shares of Designated Preferred Stock that are redeemed, repurchased or otherwise acquired by the Issuer shall revert to authorized but unissued shares of Preferred Stock (provided that any such cancelled shares of Designated Preferred Stock may be reissued only as shares of any series of Preferred Stock other than Designated Preferred Stock).
Status of Redeemed Shares. Shares of Series A Preferred Stock redeemed in accordance with this Section 7, shall return to the status of and constitute authorized but unissued shares of Preferred Stock, without classification as to series until such shares are once more classified as a particular series by the Board pursuant to the provisions of the Certificate.
Status of Redeemed Shares. Shares of Senior Preferred Stock which have been issued and reacquired in any manner, including shares purchased or redeemed, shall (upon compliance with any applicable provisions of the laws of the State of Delaware) have the status of authorized and unissued shares of the class of Preferred Stock undesignated as to series and may be redesignated and reissued as part of any series of the Preferred Stock; provided that no such issued and reacquired shares of Senior Preferred Stock shall be reissued or sold as Senior Preferred Stock.
Status of Redeemed Shares. Any shares of Series B Preferred Stock that shall at any time have been redeemed shall, after such redemption, have the status of authorized but unissued Preferred Stock, without designation as to class or series until such shares are once more designated as part of a particular class or series by the Board.
Status of Redeemed Shares. Series B Preferred Shares redeemed in accordance with this paragraph 7 shall be cancelled or held by the Company as treasury shares.
Status of Redeemed Shares. Incentive Stock redeemed pursuant to this Article 5 shall no longer be deemed to be outstanding (except when such Incentive Stock is pledged as security for a Promissory Note), and all rights of the holders thereof as stockholders of the Corporation with respect to those shares redeemed (except the right to receive the redemption price from the Corporation) shall cease. Upon surrender of the certificates for Incentive Stock so redeemed, the Corporation shall pay to the holder thereof the applicable redemption price as aforesaid. All redemption rights applicable to Incentive Stock shall cease upon the redemption of such stock. Such Incentive Stock shall, if reissued by the Corporation, be without a legend designating it as Incentive Stock.
Status of Redeemed Shares. Unless there shall have been a default ------------------------- in payment of the Redemption Price, no shares of redeemed Series F Preferred shall be entitled to any dividends accrued after the Redemption Date, and on such Redemption Date all rights of the holder of such redeemed shares as a stockholder of the Company by reason of the ownership of such shares will cease, except the right to receive the Redemption Price of such shares, without interest, plus any declared or accrued (whether or not declared) unpaid dividends accruing prior to the Redemption Date upon presentation and surrender of the certificate representing such shares, and such redeemed shares will not from and after such Redemption Date be deemed to be outstanding.
Status of Redeemed Shares. At the time of redemption specified in the resolution of the Board authorizing such redemption, the rights of the holders of the PIK Preferred Stock redeemed shall cease, except for the right to receive the redemption price specified in Sections 8(a), 8(b) and 8(c) hereof, as the case may be, without interest, plus accrued and unpaid dividends and distributions thereon, whether or not declared and including for any partial semi-annual period, to the date of redemption.
Status of Redeemed Shares. At the time of redemption specified in the resolution of the Board authorizing such redemption, the rights of the holders of the Junior Preferred Stock redeemed shall cease, except for the right to receive the Liquidation Preference without interest (subject to the right each such record holder to receive Dividends due on a dividend payment date).
Status of Redeemed Shares. (i) Shares of Series A Preferred Stock duly redeemed in accordance with this Certificate of Designation, or otherwise acquired by the Corporation in any manner whatsoever, shall be canceled upon the acquisition thereof, and (ii) all such shares of Series A Preferred Stock shall upon their cancelation constitute authorized but unissued shares of Preferred Stock, without designation or classification as to series, until such shares are once more designated or classified as part of a particular series by the Board of Directors pursuant to the provisions of the Charter.
