Common use of Delivery of Shares and Cash Clause in Contracts

Delivery of Shares and Cash. The Corporation shall deliver to the holders of Designated Preferred Stock that have been converted the Shares and any amount of cash to which such holders are entitled on or prior to the third Trading Day immediately following the applicable Conversion Date. If fewer than all the shares of Designated Preferred Stock represented by any certificate are converted, a new certificate shall be issued representing the unconverted shares of Designated Preferred Stock without charge to the holder thereof.

Appears in 6 contracts

Samples: Exchange Agreement (Sterling Financial Corp /Wa/), Exchange Agreement, Exchange Agreement

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