Common use of Status of Redeemed Shares Clause in Contracts

Status of Redeemed Shares. Any shares of Series B Preferred Stock that shall at any time have been redeemed shall, after such redemption, have the status of authorized but unissued Preferred Stock, without designation as to class or series until such shares are once more designated as part of a particular class or series by the Board.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Ready Capital Corp), Agreement and Plan of Merger (Anworth Mortgage Asset Corp), Agreement and Plan of Merger (Anworth Mortgage Asset Corp)

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Status of Redeemed Shares. Any shares of Series B Preferred Stock Shares that shall at any time have been redeemed shall, shall after such redemption, have the status of authorized but unissued Preferred StockShares, without designation as to class or series until such shares are once more designated as part of a particular class or series by the Board.

Appears in 1 contract

Samples: Partnership Agreement (Liberty Property Limited Partnership)

Status of Redeemed Shares. Any shares of Series B Preferred Stock that shall at any time have been redeemed or otherwise acquired by the Corporation shall, after such redemptionredemption or acquisition, have the status of authorized but unissued shares of Series B Preferred Stock, without designation as to class or series until such shares are once more designated as part of a particular class or series Stock which may be issued by the BoardBoard from time to time at its discretion.

Appears in 1 contract

Samples: Agreement and Plan of Merger (MPG Office Trust, Inc.)

Status of Redeemed Shares. Any shares of Series B Preferred Stock that shall at any time have been redeemed shall, after such redemption, have the status of authorized but unissued shares of Preferred Stock, without designation as to class or series until such shares are once more designated as part of a particular class or series by the Board.

Appears in 1 contract

Samples: Securities Purchase Agreement (MedEquities Realty Trust, Inc.)

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Status of Redeemed Shares. Any shares of Series B A Preferred Stock that shall at any time have been redeemed shall, after such redemption, have the status of authorized but unclassified and unissued Preferred Stock, without designation as to class or series until such shares are once more designated classified or reclassified as part of a particular class or series by the Board.

Appears in 1 contract

Samples: Note Purchase Agreement (Deerfield Triarc Capital Corp)

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