Issuance of the Common Securities. As provided in the Agreement of Merger, at the Effective Time each of the Predecessor Common Securities will be converted in the Merger into one Common Security, as a result of which 7,732 Common Securities, having an aggregate Liquidation Amount of $7,732,000, shall be issued and outstanding immediately following the Merger. Each certificate that immediately prior to the Merger evidenced Predecessor Common Securities shall thereafter evidence the Common Securities into which such Predecessor Common Securities shall have been converted.
Appears in 1 contract
Samples: Trust Agreement (Popular Inc)
Issuance of the Common Securities. As provided in the Agreement of Merger, at the Effective Time each of the Predecessor Common Securities will be converted in the Merger into one Common Security, as a result of which 7,732 Common Securities, having an aggregate Liquidation Amount of $7,732,0004,021,000, shall be issued and outstanding immediately following the Merger. Each certificate that immediately prior to the Merger evidenced Predecessor Common Securities shall thereafter evidence the Common Securities into which such Predecessor Common Securities shall have been converted.
Appears in 1 contract
Samples: Declaration of Trust and Trust Agreement (Popular Inc)
Issuance of the Common Securities. As provided in the Agreement of Merger, at the Effective Time each of the Predecessor Common Securities will be converted in the Merger into one Common Security, as a result of which 7,732 Common Securities, having an aggregate Liquidation Amount of $7,732,0009,279,000, shall be issued and outstanding immediately following the Merger. Each certificate that immediately prior to the Merger evidenced Predecessor Common Securities shall thereafter evidence the Common Securities into which such Predecessor Common Securities shall have been converted.
Appears in 1 contract
Samples: Declaration of Trust and Trust Agreement (Popular Inc)
Issuance of the Common Securities. As provided in the Agreement of Merger, at the Effective Time each of the Predecessor Common Securities will be converted in the Merger into one Common Security, as a result of which 7,732 4,640 Common Securities, having an aggregate Liquidation Amount of $7,732,0004,640,000, shall be issued and outstanding immediately following the Merger. Each certificate that immediately prior to the Merger evidenced Predecessor Common Securities shall thereafter evidence the Common Securities into which such Predecessor Common Securities shall have been converted.
Appears in 1 contract
Samples: Trust Agreement (Popular Inc)