Common use of No Re-issuance of Preferred Stock Clause in Contracts

No Re-issuance of Preferred Stock. No share or shares of Series B Preferred Stock acquired by the Corporation by reason of redemption, purchase, conversion or otherwise shall be reissued, and all such shares shall be canceled, retired and eliminated from the shares which the Corporation shall be authorized to issue.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Stellar Technologies, Inc.), Confidentiality Agreement (Stellar Technologies, Inc.)

No Re-issuance of Preferred Stock. No share or shares of Series B B-[●] Preferred Stock redeemed, purchased or acquired by the Corporation by reason of redemption, purchase, conversion or otherwise shall be reissued, and all such shares shall be canceled, retired canceled and eliminated from the shares which the Corporation shall be authorized to issue.

Appears in 1 contract

Sources: Securities Purchase Agreement (Eos Energy Enterprises, Inc.)

No Re-issuance of Preferred Stock. No share or shares of Series B A-[●] Preferred Stock redeemed, purchased or acquired by the Corporation by reason of redemption, purchase, conversion or otherwise shall be reissued, and all such shares shall be canceled, retired canceled and eliminated from the shares which the Corporation shall be authorized to issue.

Appears in 1 contract

Sources: Securities Purchase Agreement (Eos Energy Enterprises, Inc.)