Common use of Capital of Surviving Bank Clause in Contracts

Capital of Surviving Bank. The amount of capital stock of the Surviving Bank authorized immediately following the Effective Time shall continue to be 150,000 shares of common stock, par value $10.00 per share, of which 90,000 shares of common stock are issued and outstanding as of the date hereof.

Appears in 1 contract

Samples: Merger Agreement (Colony Bankcorp Inc)

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Capital of Surviving Bank. The amount of capital stock of the Surviving Bank authorized immediately following the Effective Time shall continue to be 150,000 8,000,000 shares of common stock, par value $10.00 1.00, per share, and 2,000,000 shares of preferred stock, par value $1.00 per share, of which 90,000 3,552,171 shares of common stock are issued and outstanding and no shares of preferred stock are issued and outstanding as of the date hereof.,

Appears in 1 contract

Samples: Merger Agreement (Smartfinancial Inc.)

Capital of Surviving Bank. The amount of capital stock of the Surviving Bank authorized immediately following the Effective Time shall continue to be 150,000 8,000,000 shares of common stock, par value $10.00 1.00, per share, and 2,000,000 shares of preferred stock, par value $1.00 per share, of which 90,000 3,552,171 shares of common stock are issued and outstanding and no shares of preferred stock are issued and outstanding as of the date hereof.

Appears in 1 contract

Samples: Merger Agreement (Smartfinancial Inc.)

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Capital of Surviving Bank. The amount of capital stock of the Surviving Bank authorized immediately following the Effective Time shall continue to be 150,000 5,000,000 shares of common stock, par value $10.00 0.01 per share, and 1,000,000 shares of preferred stock, no par value per share, of which 90,000 [1,000] shares of common stock are issued and outstanding as of the date hereof.

Appears in 1 contract

Samples: Merger Agreement (Charter Financial Corp)

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