Common use of Issuance of Preferred Stock Clause in Contracts

Issuance of Preferred Stock. Unless a Termination Event shall have occurred, on the Stock Purchase Date upon receipt of the aggregate purchase price payable on all Stock Purchase Contracts, the Company shall cause to be issued and deposited with the Property Trustee (or its nominee), one or more certificates representing newly issued shares of Preferred Stock registered in the name of the Property Trustee (or its nominee) as custodian for the Trust to which the Trust is entitled hereunder.

Appears in 4 contracts

Samples: Stock Purchase Contract Agreement (Us Bancorp \De\), Stock Purchase Contract Agreement (Wachovia Corp New), Stock Purchase Contract Agreement (Goldman Sachs Capital Ii)

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Issuance of Preferred Stock. (a) Unless a Termination Event shall have occurred, on the Stock Purchase Date upon receipt of the aggregate purchase price payable on all Stock Purchase Contracts, the Company shall cause to be issued and deposited with the Property Trustee (or its nominee), one or more certificates representing newly issued shares of Preferred Stock registered in the name of the Property Trustee (or its nominee) as custodian for the Trust to which the Trust is entitled hereunder.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Bank of America Corp /De/), Stock Purchase Agreement (Bank of America Corp /De/)

Issuance of Preferred Stock. (a) Unless a Termination Event shall have occurred, on the Stock Purchase Date upon receipt of the aggregate purchase price payable on all outstanding Stock Purchase Contracts, the Company shall cause to be issued and deposited with the Property Trustee (or its nominee), one or more certificates representing newly issued shares of Preferred Stock registered in the name of the Property Trustee (or its nominee) as custodian for the Trust to which the Trust is entitled hereunder.

Appears in 2 contracts

Samples: Stock Purchase Contract Agreement (Bank of America Corp /De/), Stock Purchase Contract Agreement (Bank of America Corp /De/)

Issuance of Preferred Stock. Unless a Termination Event shall have occurred, on the Stock Purchase Date upon receipt of the aggregate purchase price payable on all Stock Purchase Contracts, the Company shall cause to be issued and deposited with the Property Trustee (or its nominee), one or more certificates representing newly issued shares of Preferred Stock (or fractional interests therein) registered in the name of the Property Trustee (or its nominee) as custodian for the Trust to which the Trust is entitled hereunder.

Appears in 1 contract

Samples: Stock Purchase Contract Agreement (Us Bancorp \De\)

Issuance of Preferred Stock. Unless a Termination Event shall have occurred, on the Stock Purchase Date upon receipt of the aggregate purchase price payable on all Stock Purchase Contracts, the Company shall cause to be issued and deposited with the Property Trustee (or its nominee), one or more certificates representing newly issued shares of Preferred Stock registered in the name of the Property Trustee (or its nominee) as custodian for the Issuer Trust to which the Issuer Trust is entitled hereunder.

Appears in 1 contract

Samples: Stock Purchase Contract Agreement (SunTrust Preferred Capital I)

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Issuance of Preferred Stock. Unless a Termination Event shall have occurred, on the Stock Purchase Date upon receipt of the aggregate purchase price payable on all Stock Purchase Contracts, the Company shall cause to be issued and deposited with the Property Trustee (or its nominee), one or more certificates representing newly issued shares of Preferred Stock (or fractional interests therein) registered in the name of the Property Trustee (or its nominee) as custodian for the Trust to which the Trust is entitled hereunder.. Amended and Restated Stock Purchase Contract Agreement

Appears in 1 contract

Samples: Stock Purchase Contract Agreement (Us Bancorp \De\)

Issuance of Preferred Stock. Unless a Termination Event shall have occurred, on the Stock Purchase Date upon receipt of the aggregate purchase price payable on all Stock Purchase Contracts, the Company shall cause to be issued and deposited with the Property Trustee (or its nominee), one or more certificates representing newly issued shares (or fractional interests therein) of Preferred Stock registered in the name of the Property Trustee (or its nominee) as custodian for the Issuer Trust to which the Issuer Trust is entitled hereunder.

Appears in 1 contract

Samples: Stock Purchase Contract Agreement (Suntrust Banks Inc)

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