Common use of Shares to be Retired Clause in Contracts

Shares to be Retired. Any share of Series E-2 Preferred Stock redeemed, repurchased or otherwise acquired by the Company shall be retired and cancelled and shall upon cancellation be restored to the status of authorized but unissued shares of preferred stock, subject to reissuance by the Board of Directors as shares of preferred stock of one or more other series but not as shares of Series E-2 Preferred Stock.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Shares to be Retired. Any share of Series E-2 E-1 Preferred Stock redeemed, repurchased or otherwise acquired by the Company shall be retired and cancelled and shall upon cancellation be restored to the status of authorized but unissued shares of preferred stock, subject to reissuance by the Board of Directors as shares of preferred stock of one or more other series but not as shares of Series E-2 E-1 Preferred Stock.

Appears in 2 contracts

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

Shares to be Retired. Any share All shares of Series E-2 E Preferred Stock redeemed, repurchased purchased or otherwise acquired redeemed by the Company Corporation or converted shall be retired and cancelled canceled and shall upon cancellation be restored to the status of authorized but unissued shares of preferred stock, subject without designation as to reissuance by the Board of Directors as shares of preferred stock of one or more other series but not as shares of Series E-2 Preferred Stock.series. Section (7)

Appears in 1 contract

Samples: Ii __________________________________________ Stock Purchase Agreement (Scana Corp)

AutoNDA by SimpleDocs

Shares to be Retired. Any share All shares of Series E-2 E Preferred Stock redeemed, repurchased purchased or otherwise acquired redeemed by the Company Corporation or converted shall be retired and cancelled canceled and shall upon cancellation be restored to the status of authorized but unissued shares of preferred stock, subject without designation as to reissuance by the Board of Directors as shares of preferred stock of one or more other series but not as shares of Series E-2 Preferred Stockseries.

Appears in 1 contract

Samples: Stock Purchase Agreement (Powertel Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.