Depositary Shares. Upon request by the Trust in connection with a proposed transfer of the Shares to a third party, the Company shall promptly enter into a depositary arrangement, pursuant to customary agreements reasonably satisfactory to the Trust and with a depositary reasonably acceptable to the Trust, pursuant to which the Shares may be deposited and depositary shares, each representing a fraction of a Share or multiple Shares as specified by the Trust, may be issued. From and after the execution of any such depositary arrangement, and the deposit of any Shares pursuant thereto, the depositary shares issued pursuant thereto shall be deemed “Series C Preferred Stock” and, as applicable, “Registrable Securities” for purposes of this Agreement.
Appears in 4 contracts
Samples: Series C Preferred Stock Purchase Agreement, Series C Perpetual, Convertible, Participating Preferred Stock Purchase Agreement, Series C Perpetual, Convertible, Participating Preferred Stock Purchase Agreement (American International Group Inc)
