Common use of Designation, Amount and Par Value Clause in Contracts

Designation, Amount and Par Value. The series of Preference Stock shall be designated as “Series B Preferred Stock” (the “Series B Preference Stock”), and the number of shares so designated shall be 261,853. The Series B Preference Stock shall be par value $0.0001 per share. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series B Preference Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B Preference Stock.

Appears in 1 contract

Samples: Rights Agreement (CepTor CORP)

AutoNDA by SimpleDocs

Designation, Amount and Par Value. The series of Preference Preferred Stock shall be designated as "Series B Participating Preferred Stock" (the "Series B Preferred Stock” (the “Series B Preference Stock”"), and the number of shares so designated shall be 261,8531,800,000. The Series B Preference Preferred Stock shall be have a par value of $0.0001 1.00 per share. Such number of shares may be increased or decreased by resolution of the Board of DirectorsBoard; provided, that no decrease shall reduce the number of shares of Series B Preference Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation Company convertible into Series B Preference Preferred Stock.

Appears in 1 contract

Samples: Rights Agreement (Ramp Corp)

Designation, Amount and Par Value. The series of Preference Preferred Stock shall be designated as "Series B Participating Preferred Stock" (the "Series B Preferred Stock” (the “Series B Preference Stock”"), and the number of shares so designated shall be 261,8531,800,000. The Series B Preference Preferred Stock shall be have a par value of $0.0001 .001 per share. Such number of shares may be increased or decreased by resolution of the Board of DirectorsBoard; provided, that no decrease shall reduce the number of shares of Series B Preference Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation Company convertible into Series B Preference Preferred Stock.

Appears in 1 contract

Samples: Rights Agreement (Ramp Corp)

Designation, Amount and Par Value. The series of Preference Stock shall be designated as "Series B Preferred D Participating Preference Stock" (the "Series B D Preference Stock"), and the number of shares so designated shall be 261,853350,000. The Series B Preference par value of each share of Preferred Stock shall be par value $0.0001 per share1.00. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series B D Preference Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B D Preference Stock.

Appears in 1 contract

Samples: Rights Agreement (American Pacific Corp)

Designation, Amount and Par Value. The series of Preference Stock shall be designated as "Series B Preferred A Participating Preference Stock" (the "Series B A Preference Stock"), and the number of shares so designated shall be 261,8531,000,000. The Series B Preference par value of each share of Preferred Stock shall be par value $0.0001 per share.01. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series B A Preference Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B A Preference Stock.

Appears in 1 contract

Samples: Rights Agreement (Lone Star Steakhouse & Saloon Inc)

Designation, Amount and Par Value. The series of Preference Stock shall be designated as "Series B C Participating Preferred Stock" (the "Series B C Preference Stock"), and the number of shares so designated shall be 261,853______________. The Series B C Preference Stock shall be without par value $0.0001 per sharevalue. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series B C Preference Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B C Preference Stock.

Appears in 1 contract

Samples: Rights Agreement (Nuco2 Inc /Fl)

AutoNDA by SimpleDocs

Designation, Amount and Par Value. The series of Preference Stock shall be designated as "Series B Preferred A Preference Stock" (the "Series B A Preference Stock"), and the number of shares so designated shall be 261,853100,000. The Series B par value of each share of Preference Stock shall be par value $0.0001 per share.01. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series B A Preference Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B A Preference Stock.

Appears in 1 contract

Samples: Rights Agreement (Hospitality Worldwide Services Inc)

Designation, Amount and Par Value. The series of Preference Stock shall be designated as "Series B Preferred A Preference Stock" (the "Series B A Preference Stock"), and the number of shares so designated shall be 261,853100,000. The Series B par value of each share of Preference Stock shall be par value $0.0001 per share1.00. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series B A Preference Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B A Preference Stock.

Appears in 1 contract

Samples: Rights Agreement (Hospitality Worldwide Services Inc)

Designation, Amount and Par Value. The series of Preference Stock shall be designated as "Series B Preferred D Participating Preference Stock" (the "Series B D Preference Stock"), and the number of shares so designated shall be 261,853750,000. The Series B Preference par value of each share of Preferred Stock shall be par value $0.0001 per share.001. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series B D Preference Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B D Preference Stock.

Appears in 1 contract

Samples: Rights Agreement (Datatec Systems Inc)

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