Covenants as to Preferred Stock. The Company covenants that all shares of Preferred Stock that may be issued against tender of payment for such shares of Preferred Stock in respect of any Stock Purchase Contract will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable.
Appears in 15 contracts
Samples: Stock Purchase Contract Agreement, Stock Purchase Contract Agreement (Bank of America Corp /De/), Stock Purchase Contract Agreement (National City Preferred Capital Trust I)
Covenants as to Preferred Stock. The Company covenants that all shares of Preferred Stock (or fractional interests therein) that may be issued against tender of payment for such shares of Preferred Stock (or fractional interests therein) in respect of any Stock Purchase Contract will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable.
Appears in 3 contracts
Samples: Stock Purchase Contract Agreement (Us Bancorp \De\), Stock Purchase Contract Agreement (Us Bancorp \De\), Stock Purchase Contract Agreement (Suntrust Banks Inc)
