Common use of 2Capital Stock and Related Matters Clause in Contracts

2Capital Stock and Related Matters. The Charter of the Company authorizes the Company to issue 20,000,000 shares of common stock and 30,000 shares of preferred stock. As of the date of this Agreement, there are 16,002,315 shares of the Company’s common stock outstanding and no shares of the Company’s preferred stock outstanding. All of the outstanding capital stock of the Company has been duly authorized and validly issued and is ​ fully paid and non-assessable. There are, as of the date hereof, no outstanding options, rights, warrants or other agreements or instruments obligating the Company to issue, deliver or sell, or cause to be issued, delivered or sold, additional shares of the capital stock of the Company or obligating the Company to grant, extend or enter into any such agreement or commitment to any Person other than the Company except pursuant to the Company’s equity incentive plans duly adopted by the Company’s Board of Directors .

Appears in 1 contract

Samples: Senior Note Purchase Agreement (Citizens & Northern Corp)

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2Capital Stock and Related Matters. The Charter of the Company authorizes the Company to issue 20,000,000 shares of common stock and 30,000 shares of preferred stock. As of the date of this Agreement, there are 16,002,315 shares of the Company’s common stock outstanding and no shares of the Company’s preferred stock outstanding. All of the outstanding capital stock of the Company has been duly authorized and validly issued and is fully paid and non-assessable. There are, as of the date hereof, no outstanding options, rights, warrants or other agreements or instruments obligating the Company to issue, deliver or sell, or cause to be issued, delivered or sold, additional shares of the capital stock of the Company or obligating the Company to grant, extend or enter into any such agreement or commitment to any Person other than the Company except pursuant to the Company’s equity incentive plans duly adopted by the Company’s Board of Directors Directors.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Citizens & Northern Corp)

2Capital Stock and Related Matters. The Charter of the Company authorizes the Company to issue 20,000,000 125,000,000 shares of common stock and 30,000 25,000,000 shares of preferred stock. As of the date of this Agreement, there are 16,002,315 27,457,306 shares of the Company’s common stock issued and outstanding and no shares of the Company’s preferred stock issued and outstanding. All of the outstanding capital stock of the Company has been duly authorized and validly issued and is fully paid and non-assessable. There are, as of the date hereof, no outstanding options, rights, warrants or other agreements or instruments obligating the Company to issue, deliver or sell, or cause to be issued, delivered or sold, additional shares of the capital stock of the Company or obligating the Company to grant, extend or enter into any such agreement or commitment to any Person other than the Company except pursuant to the Company’s equity incentive plans duly adopted by the Company’s Board board of Directors directors.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (HBT Financial, Inc.)

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2Capital Stock and Related Matters. The Charter Second Amended and Restated Articles of the Incorporation of Company authorizes the authorize Company to issue 20,000,000 75,000,000 shares of common stock and 30,000 10,000,000 shares of preferred stock. As of the date of this Agreement, there are 16,002,315 28,162,777 shares of the Company’s common stock outstanding and no shares of the Company’s preferred stock issued and outstanding. All of the outstanding capital stock of the Company has been duly authorized and validly issued and is fully paid and non-assessable. There are, as of the date hereof, no outstanding options, rights, warrants or other agreements or instruments obligating the Company to issue, deliver or sell, or cause to be issued, delivered or sold, additional shares of the capital stock of the Company or obligating the Company to grant, extend or enter into any such agreement or commitment to any Person other than the Company except pursuant to the Company’s equity incentive plans duly adopted by the Company’s Board of Directors Directors.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Bridgewater Bancshares Inc)

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