Common use of Required Shares Clause in Contracts

Required Shares. Any shares of Series A Preferred Stock redeemed, purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock without designation as to series and may be reissued as part of a new series of Preferred Stock to be created by resolution or resolutions of the Board of Directors as permitted by the Certificate of Incorporation or as otherwise permitted under Delaware Law.

Required Shares. Any shares of Series A Preferred Stock redeemed, purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled canceled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock without designation as to series and may be reissued as part of a new series of Preferred Stock subject to be created by resolution or resolutions of the Board of Directors as permitted by conditions and restrictions on issuance set forth herein, in the Amended and Restated Certificate of Incorporation Incorporation, or in any other Certificate of Designations creating a series of Preferred Stock or any similar stock or as otherwise permitted under Delaware Lawrequired by law.

Required Shares. Any shares of Series A Participating Preferred Stock redeemed, purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock without designation as to series and may be reissued as part of a new series of Preferred Stock to be created by resolution or resolutions of the Board of Directors as permitted by Board, subject to the conditions and restrictions on issuance set forth herein, in the Amended and Restated Certificate of Incorporation Incorporation, or in any other Certificate of Designations creating a series of preferred stock or similar stock of the Company or as otherwise permitted under Delaware Lawrequired by law.

Required Shares. Any shares of Series A Preferred Stock redeemed, purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock without designation as to series and may be reissued as part of a new series of Preferred Stock subject to be created by resolution or resolutions of the Board of Directors as permitted by conditions and restrictions on issuance set forth herein, in the Certificate of Incorporation Incorporation, or in any other Certificate of Designations creating a series of Preferred Stock or any similar stock or as otherwise permitted under Delaware Lawrequired by law.

Required Shares. Any shares of Series A Preferred Stock redeemedpurchased or, purchased or otherwise acquired by the Corporation Company in any manner whatsoever shall be retired and cancelled canceled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock without designation as to series and may be reissued as part of a new series of Preferred Stock subject to be created by resolution or resolutions of the Board of Directors as permitted by conditions and restrictions on issuance set forth in the Certificate of Incorporation of the Company creating a series of Preferred Stock or any similar shares or as otherwise permitted under Delaware Lawrequired by law.