Cancellation of Preferred Stock. Any shares of Preferred Stock that are issued and outstanding immediately prior to the Effective Time shall be automatically cancelled and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Cancellation of Preferred Stock. Micro agrees to immediately return all of the shares of Preferred Stock to Ecrypt for cancellation. Micro hereby agrees to surrender the stock certificate(s) representing the Preferred Stock to the Board of Directors of Ecrypt upon the execution of this Agreement duly endorsed and medallion guaranteed, and hereby agrees that the Preferred Stock shall be returned to Ecrypt's registrar and transfer agent for cancellation.
Cancellation of Preferred Stock. Global agrees to immediately return all of its shares of Preferred Stock to Ecrypt for cancellation. Global hereby agrees to surrender the stock certificate(s) representing the Preferred Stock to the Board of Directors of Ecrypt upon the execution of this Agreement duly endorsed and medallion guaranteed, and hereby agrees that the Preferred Stock shall be returned to Ecrypt’s registrar and transfer agent for cancellation.
Cancellation of Preferred Stock. Evidence that all issued and outstanding preferred stock of Tweeter has been canceled in accordance with the plan of reorganization dated June 5, 1998.
Cancellation of Preferred Stock. All of the Company's issued preferred stock, whether held in treasury or otherwise, shall have been cancelled.
Cancellation of Preferred Stock. Issuance of Common Stock and Warrants Bioenvision shall issue and deliver to OMRF certificates evidencing 200,000 shares of common stock, par value $0.001 per share (the "Common Stock"), of Bioenvision and a five-year warrant (the "Warrant") to purchase 200,000 shares of Common Stock at 75% of the closing price of the Common Stock on the date on which this Amendment No. 1 becomes effective, and upon delivery to OMRF of certificates evidencing the Common Stock and the Warrant, OMRF's rights with respect to convertible redeemable preferred stock pursuant to Section 4.1(B) of the License Agreement shall be cancelled. OMRF acknowledges and agrees that such certificates shall be issued in reliance upon an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act") and will bear an appropriate restrictive legend. OMRF agrees to furnish customary representations and warranties regarding its status as an investor entitled to receive securities without compliance with registration.
Cancellation of Preferred Stock. No later than the date that is thirty (30) days after the Effective Date, cancel (without the payment of any amount, by way of dividend or other distribution thereon or otherwise) all outstanding shares of Borrower's preferred stock, including all rights to any accrued but unpaid dividends, and deliver to Lender copies, certified by Borrower's Secretary as true and complete copies of the originals, of all actions of Borrower's stockholder and board of directors giving effect to such cancellation.
Cancellation of Preferred Stock. The Company hereby cancels all shares of Preferred Stock.
Cancellation of Preferred Stock. Any shares of Series A Preferred Stock redeemed or purchased by the Company shall be canceled and shall have the status of authorized and unissued shares of preferred stock, without designation as to series.
Cancellation of Preferred Stock. 32 9.6. Termination of Xxxx Escrow Agreement. . . . . . . . . . . . . . . . .32 9.7. Termination of Employment Agreements. . . . . . . . . . . . . . . . .32 9.8. Lock-Up Period. . . . . . . . . . . . . . . . . . . . . . . . . . . .32 9.9.
