Common use of Status of Shares Purchased by Company Clause in Contracts

Status of Shares Purchased by Company. Shares purchased by the Company pursuant thereto shall not be deemed to be outstanding, and shall revert to authorized, and unissued Shares.

Appears in 2 contracts

Samples: Operating Agreement (National Boston Medical Inc), Operating Agreement (National Boston Medical Inc)

AutoNDA by SimpleDocs

Status of Shares Purchased by Company. Shares purchased by the Company pursuant thereto hereto shall not be deemed to be outstanding, and shall revert to authorized, and unissued Shares.

Appears in 1 contract

Samples: Operating Agreement (Aptitude Solutions, Inc.)

AutoNDA by SimpleDocs

Status of Shares Purchased by Company. Shares purchased by the Company pursuant thereto hereto shall not be deemed to be outstandingOutstanding, and shall revert to authorized, authorized and unissued Shares.

Appears in 1 contract

Samples: Operating Agreement (Phoenix Container, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.