Common use of Designation and Rank Clause in Contracts

Designation and Rank. The series of Preferred Stock shall be designated the --------------------- "Class A Voting Convertible Preferred Stock" ("Class A Convertible Preferred") and shall consist of 15,000 shares. The Class A Convertible Preferred and any other series of Preferred Stock authorized by the Board of Directors of this Corporation are hereinafter referred to as "Preferred Stock" or "Preferred." The Class A Convertible Preferred shall be senior to the common stock and all other shares of Preferred Stock that may be later authorized.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Hojo Holdings Inc), Agreement and Plan of Merger (Hojo Holdings Inc)

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Designation and Rank. The series of Preferred Stock shall be designated the --------------------- ---------------------- "Class A Voting Convertible Preferred Stock" ("Class A Convertible Preferred") and shall consist of 15,000 1,000,000 shares. The Class A Convertible Preferred and any other series of Preferred Stock authorized by the Board of Directors of this Corporation are hereinafter referred to as "Preferred Stock" or "Preferred." The Class A Convertible Preferred shall be senior to the common stock and all other shares of Preferred Stock that may be later authorized.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Technology Connections Inc)

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Designation and Rank. The series of Preferred Stock shall be designated the --------------------- -------------------- "Class A Voting Convertible Preferred Stock" ("Class A Convertible Preferred") and shall consist of 15,000 1,000,000 shares. The Class A Convertible Preferred and any other series of Preferred Stock authorized by the Board of Directors of this Corporation are hereinafter referred to as "Preferred Stock" or "Preferred." The Class A Convertible Preferred shall be senior to the common stock and all other shares of Preferred Stock that may be later authorized.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Technology Connections Inc)

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