Common use of No Redemption Rights Clause in Contracts

No Redemption Rights. The Series A Preferred Stock shall not be -------------------- subject to redemption, whether at the option of either the Corporation or any holder of the Series A Preferred Stock. FURTHER RESOLVED, that the statements contained in the foregoing resolutions creating and designating the said Series A Convertible issue of Preferred Shares and fixing the number, powers, preferences and relative, optional, participating, and other special rights and the qualifications, limitations, restrictions, and other distinguishing characteristics thereof shall, upon the effective date of said series, be deemed to be included in and be a part of the certificate of incorporation of the Corporation pursuant to the provisions of Sections 104 and 151 of the General Corporation Law of the State of Delaware. [The remainder of this page is intentionally left blank.]

Appears in 2 contracts

Samples: Stock Purchase Agreement (Go2net Inc), Stock Purchase Agreement (Vulcan Ventures Inc)

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No Redemption Rights. The Series A Preferred Stock shall not be -------------------- subject to redemption, whether at the option of either the Corporation or any holder of the Series A Preferred Stock. FURTHER RESOLVED, that the statements contained in the foregoing resolutions creating and designating the said Series A Convertible issue of Preferred Shares and fixing the number, powers, preferences and relative, optional, participating, and other special rights and the qualifications, limitations, restrictions, and other distinguishing characteristics thereof shall, upon the effective date of said series, be deemed to be included in and be a part of the certificate of incorporation of the Corporation pursuant to the provisions of Sections 104 and 151 of the General Corporation Law of the State of Delaware. [The remainder of this page is intentionally left blank.]

Appears in 2 contracts

Samples: Stock Purchase Agreement (Go2net Inc), Stock Purchase Agreement (Go2net Inc)

No Redemption Rights. The Series A B Preferred Stock shall not be -------------------- subject to redemption, whether at the option of either the Corporation or any holder of the Series A B Preferred Stock. FURTHER RESOLVED, that the statements contained in the foregoing resolutions creating and designating the said Series A B Convertible issue of Preferred Shares and fixing the number, powers, preferences and relative, optional, participating, and other special rights and the qualifications, limitations, restrictions, and other distinguishing characteristics thereof shall, upon the effective date of said series, be deemed to be included in and be a part of the certificate of incorporation of the Corporation corporation pursuant to the provisions of Sections 104 and 151 of the General Corporation Law of the State of Delaware. [The remainder of this page is intentionally left blank.]

Appears in 1 contract

Samples: Stock Purchase Agreement (Ross Technology Inc)

No Redemption Rights. The Series A D Preferred Stock shall not be -------------------- subject to redemption, whether at the option of either the Corporation or any holder of the Series A D Preferred Stock. FURTHER RESOLVED, that the statements contained in the foregoing resolutions creating and designating the said Series A D Convertible issue of Preferred Shares Stock and fixing the number, powers, preferences and relative, optional, participating, and other special rights and the qualifications, limitations, restrictions, and other distinguishing characteristics thereof shall, upon the effective date of said series, be deemed to be included in and be a part of the certificate of incorporation of the Corporation pursuant to the provisions of Sections 104 and 151 of the General Corporation Law of the State of Delaware. [The remainder of this page is intentionally left blank.]

Appears in 1 contract

Samples: Stock Purchase Agreement (High Speed Access Corp)

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No Redemption Rights. The Series A Preferred Stock shall not be -------------------- subject to redemption, whether at the option of either the Corporation or any holder of the Series A Preferred Stock. FURTHER RESOLVED, that the statements contained in the foregoing resolutions creating and designating the said Series A Convertible issue of Preferred Shares Stock and fixing the number, powers, preferences and relative, optional, participating, and other special rights and the qualifications, limitations, restrictions, and other distinguishing characteristics thereof shall, upon the effective date of said series, be deemed to be included in and be a part of the certificate of incorporation of the Corporation pursuant to the provisions of Sections 104 and 151 of the General Corporation Law of the State of Delaware. [The remainder of this page is intentionally left blankTHE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

Appears in 1 contract

Samples: Stock Purchase Agreement (Vulcan Ventures Inc)

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