Common use of Shares to be Retired Clause in Contracts

Shares to be Retired. Any share of Preferred Stock Series A-1 converted, redeemed, repurchased or otherwise acquired by the Corporation shall be retired and cancelled and shall upon cancellation and the filing of an appropriate certificate with the Washington Secretary of State be restored to the status of authorized but unissued shares of Preferred Stock, subject to reissuance by the Board of Directors as Preferred Stock Series A-1 or shares of Preferred Stock of one or more other series.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Data Networks Inc)

AutoNDA by SimpleDocs

Shares to be Retired. Any share of Preferred Stock Series A-1 C converted, redeemed, repurchased or otherwise acquired by the Corporation shall be retired and cancelled and shall upon cancellation and the filing of an appropriate certificate with the Washington Secretary of State of the State of Washington be restored to the status of authorized but unissued shares of Preferred Stock, subject to reissuance by the Board of Directors as Preferred Stock Series A-1 C or shares of Preferred Stock of one or more other series.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Data Networks Inc)

Shares to be Retired. Any share of Preferred Stock Series A-1 A-2 converted, redeemed, repurchased or otherwise acquired by the Corporation shall be retired and cancelled and shall upon cancellation and the filing of an appropriate certificate with the Washington Secretary of State be restored to the status of authorized but unissued shares of Preferred Stock, subject to reissuance by the Board of Directors as Preferred Stock Series A-1 A-2 or shares of Preferred Stock of one or more other series.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Data Networks Inc)

AutoNDA by SimpleDocs

Shares to be Retired. Any share of Preferred Stock Series A-1 B converted, redeemed, repurchased or otherwise acquired by the Corporation shall be retired and cancelled and shall upon cancellation and the filing of an appropriate certificate with the Washington Secretary of State of the State of Washington be restored to the status of authorized but unissued shares of Preferred Stock, subject to reissuance by the Board of Directors as Preferred Stock Series A-1 B or shares of Preferred Stock of one or more other series.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Data Networks Inc)

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