Outstanding Series A Preferred Stock Sample Clauses
Outstanding Series A Preferred Stock. Prior to Closing, Parent and the Company agree to reasonably cooperate with respect to the purchase by the Company in accordance with Section 5.21 of this Agreement (“Preferred Stock Purchase”) from the United States Department of the Treasury (the “Treasury Department”) all of the Series A Preferred Stock held by the Treasury Department, and following the Preferred Stock Purchase (which, for the avoidance of doubt, shall occur at or immediately prior to the Closing), all of the Series A Preferred Stock shall be cancelled, and no payment or distribution shall be made in consideration therefor.
Outstanding Series A Preferred Stock. Each share of Outstanding Series A Preferred Stock shall be converted automatically into the right to receive the following (following the surrender of the certificate representing such share of Series A Preferred Stock in accordance with Section 2.9):
Outstanding Series A Preferred Stock. If, immediately prior to the Effective Time, there shall be issued and outstanding any shares of Series A Preferred Stock, then each such share (excluding Excluded Shares)of Series A Preferred Stock shall become and be converted into the right to receive the number of shares of First Union Common Stock equal to the result of the product of the Exchange Ratio and 3.976, the conversion number for the Series A Preferred Stock provided for in the Company's Certificate of Incorporation, as amended (the "Company Certificate").