Common use of Reissuance of Certificates Clause in Contracts

Reissuance of Certificates. In the event that fewer than the total number of shares of Series A Preferred Stock represented by any certificate are redeemed upon a redemption pursuant to Sections 5A or 5B, the Corporation shall issue a new certificate representing the number of unredeemed shares of Series A Preferred Stock to the holder of those shares without cost to the holder promptly after the holder's surrender of the certificate representing the redeemed shares of Series A Preferred Stock.

Appears in 2 contracts

Sources: Series a Convertible Preferred Stock Purchase Agreement (Stericycle Inc), Series a Convertible Preferred Stock Purchase Agreement (Stericycle Inc)