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

Status of Shares Purchased by Company. Shares acquired by the Company pursuant hereto shall not be outstanding and shall become authorized and unissued Shares.

Appears in 2 contracts

Samples: Operating Agreement (FIS Healthcare Holdings, LLC), Operating Agreement (Innotrac Corp)

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

Appears in 2 contracts

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

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

Appears in 1 contract

Samples: Operating Agreement (Aptitude Solutions, Inc.)

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

Appears in 1 contract

Samples: Operating Agreement (Phoenix Container, Inc.)

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