Common use of Number of Shares and Designation Clause in Contracts

Number of Shares and Designation. This series of preferred stock shall be designated as the Series C Cumulative Convertible Preferred Stock (the "Series C Preferred"), and the number of shares that shall constitute such series shall not be more than 1,000,000 shares, par value $10.00 per share (the "Shares"), which number may be decreased (but not below the number thereof then outstanding) from time to time by the Board.

Appears in 2 contracts

Samples: Employment Agreement (Wiser Oil Co), Stock Purchase Agreement (Wiser Oil Co)

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Number of Shares and Designation. This The Series C Preferred Shares shall be a series of preferred stock shall be Preferred Stock designated as the “6.50% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred")Stock, par value $.0001 per share”, and the number of shares that shall constitute constituting such series shall not be more than 1,000,000 shares, par value $10.00 per share (the "Shares"), which number may be decreased (but not below the number thereof then outstanding) from time to time by the Board3,100,000.

Appears in 1 contract

Samples: Ownership Limit Waiver Agreement (Newkirk Master Lp)

Number of Shares and Designation. This series of preferred stock Preferred Stock shall be designated as the 10.00% Series C B Cumulative Convertible Preferred Stock Stock, par value $0.001 per share (the "Series C Preferred"B Preferred Stock”), and the number of shares that shall constitute such series shall not be more than 1,000,000 shares, par value $10.00 per share (the "Shares"), which number may be decreased (but not below the number thereof then outstanding) from time to time by the Board160,000.

Appears in 1 contract

Samples: Exchange Agreement (ATRM Holdings, Inc.)

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Number of Shares and Designation. This The shares of this series of -------------------------------- preferred stock shall be designated as the "12% Convertible Redeemable Preferred Stock, Series C Cumulative Convertible Preferred Stock C," par value $.02 per share (the "Series C PreferredPreferred Stock"), and the number of shares that shall constitute such constituting this series shall not be more than 1,000,000 shares, par value $10.00 per share (the "Shares"), which number may be decreased (but not below the number thereof then outstanding) from time to time by the Board2,000,000.

Appears in 1 contract

Samples: , Purchase Agreement (Malone Arthur L Jr)

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