Common use of PURCHASE AND SALE OF CAPITAL SECURITIES Clause in Contracts

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 3 contracts

Samples: Subscription Agreement (Donegal Group Inc), Placement Agreement (Fpic Insurance Group Inc), Placement Agreement (American Physicians Capital Inc)

AutoNDA by SimpleDocs

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 10,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 26, 20032002, or such other business day as may be designated by the Purchaser, but in no event later than May 22September 27, 2003 2002 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Americanwest Bancorporation), Subscription Agreement (Americanwest Bancorporation)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Subscription Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 10,000 Capital Securities at a price equal to $1,000.00 1,000 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15February 22, 20032001, or such other business day as may be designated by the Purchaser, but in no event later than May 22February 28, 2003 2001 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Redwood Empire Bancorp), Subscription Agreement (Redwood Empire Bancorp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 12,500 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15October 31, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22November 7, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Master Custodian Agreement (Community Bancorp /Vt), Master Custodian Agreement (Community Bancorp /Vt)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 24,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May December 15, 20032005, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 30, 2003 2005 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 2 contracts

Samples: Subscription Agreement (Capstead Mortgage Corp), Subscription Agreement (Capstead Mortgage Corp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 3,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15June 26, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22June 30, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Florida Banks Inc), Subscription Agreement (Florida Banks Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 10,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15July 22, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22July 25, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Redwood Empire Bancorp), Subscription Agreement (Redwood Empire Bancorp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 3,500 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15June 21, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22June 29, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Community Financial Shares Inc), Subscription Agreement (Community Financial Shares Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 16,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15January 25, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22January 31, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (National Mercantile Bancorp), Subscription Agreement (National Mercantile Bancorp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby subscribes for and agrees to purchase from the Trust 15,000 25,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15November 17, 20032005, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 1, 2003 2005 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (American Safety Insurance Holdings LTD), Subscription Agreement (American Safety Insurance Holdings LTD)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 25,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 11, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22September 29, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 2 contracts

Samples: Subscription Agreement (Capstead Mortgage Corp), Subscription Agreement (Capstead Mortgage Corp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 23,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 17, 20032005, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 31, 2003 2005 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Exchange National Bancshares Inc), Subscription Agreement (Exchange National Bancshares Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby subscribes for and agrees to purchase from the Trust 15,000 13,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15December 21, 20032004, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 29, 2003 2004 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Placement Agreement (Tower Group, Inc.), Subscription Agreement (Tower Group, Inc.)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 10,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 28, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22October 5, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (First Banks, Inc), Master Custodian Agreement (First Banks, Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby subscribes for and agrees to purchase from the Trust 15,000 13,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May December 15, 20032004, or such other business day as may be designated by the Purchaser, but in no event later than May December 22, 2003 2004 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Tower Group, Inc.), Placement Agreement (Tower Group, Inc.)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 20,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May December 15, 20032004, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 31, 2003 2004 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Merchants Bancshares Inc), Subscription Agreement (Merchants Bancshares Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 16,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May December 15, 20032005, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 30, 2003 2005 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 2 contracts

Samples: Subscription Agreement (Capstead Mortgage Corp), Subscription Agreement (Capstead Mortgage Corp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 4,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 26, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 28, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Community Capital Bancshares Inc), Subscription Agreement (Community Capital Bancshares Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 18,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 20, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22September 29, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Ameris Bancorp), Subscription Agreement (Ameris Bancorp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. 1.1 Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Donegal Group Inc), Subscription Agreement (Fpic Insurance Group Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. 1.1 Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 2215, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Penn America Group Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 10,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15January 31, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22February 7, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Community Banks Inc /Pa/)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 6,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May June 15, 20032005, or such other business day as may be designated by the Purchaser, but in no event later than May 22June 30, 2003 2005 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (First Banctrust Corp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution theexecution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 8,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 20, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22September 28, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Subscription Agreement (First Banks, Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 25,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 1, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 31, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Master Custodian Agreement (First Banks Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 18,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 20, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22September 29, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Subscription Agreement (Ameris Bancorp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 21,970 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15June 26, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22June 30, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Subscription Agreement (Citizens Banking Corp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 20,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 9, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 16, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Community Banks Inc /Pa/)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 17,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 20, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22September 28, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Subscription Agreement (First Banks, Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 1, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 31, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Master Custodian Agreement (First Banks Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 30,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15December 14, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 29, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (First Banks, Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. 1.1 Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 12,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 30, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 31, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Four Oaks Fincorp Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 17, 20032004, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 31, 2003 2004 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Hudson United Bancorp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 30,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15December 14, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 29, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Subscription Agreement (First Banks, Inc)

AutoNDA by SimpleDocs

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 8,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 20, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22September 28, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (First Banks, Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 5,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 26, 20032002, or such other business day as may be designated by the Purchaser, but in no event later than May 22September 27, 2003 2002 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Coast Bancorp/Ca)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 12,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15April 29, 20032005, or such other business day as may be designated by the Purchaser, but in no event later than May 226, 2003 2005 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Master Custodian Agreement (Cowlitz Bancorporation)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 3,030 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15June 26, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22June 30, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Citizens Banking Corp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Subscription Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 5,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 26, 20032002, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 28, 2003 2002 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Placement Agreement (First Financial Bancorp /Ca/)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 6,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 24, 20032005, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 31, 2003 2005 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Columbia Bancorp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 4,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May December 15, 20032005, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 30, 2003 2005 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Superior Bancorp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 4,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15December 30, 20032004, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 31, 2003 2004 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Columbia Bancorp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 17,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15September 20, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22September 28, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Master Custodian Agreement (First Banks, Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 20,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 22, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 30, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Sterling Financial Corp /Pa/)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 20,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15December 14, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 29, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Subscription Agreement (First Banks, Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 25,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 1, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 31, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 3 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Master Custodian Agreement (First Banks Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 20,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15December 14, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22December 29, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (First Banks, Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. 1.1 Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 17,500 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Pxre Group LTD)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. 1.1 Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 20,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15October 29, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22November 5, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Pxre Group LTD)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 10,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 26, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 28, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Employment Agreement (United Bancshares Inc/Oh)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15March 1, 20032006, or such other business day as may be designated by the Purchaser, but in no event later than May 22March 31, 2003 2006 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (First Banks Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15February 28, 20032005, or such other business day as may be designated by the Purchaser, but in no event later than May 22February 28, 2003 2005 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Sterling Financial Corp /Pa/)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 5,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15June 26, 2003, or such other business day as may be designated by the Purchaser, but in no event later than May 22June 30, 2003 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Placement Agreement (City Savings Financial Corp)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 6,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15June 8, 20032004, or such other business day as may be designated by the Purchaser, but in no event later than May 22June 30, 2003 2004 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Firstfed Bancorp Inc)

PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Agreement, the Purchaser hereby agrees to purchase from the Trust 15,000 3,000 Capital Securities at a price equal to $1,000.00 per Capital Security (the "Purchase Price") and the Trust agrees to sell such Capital Securities to the Purchaser for said Purchase Price. The rights and preferences of the Capital Securities are set forth in the Declaration. The Purchase Price is payable in immediately available funds on May 15June 21, 20032007, or such other business day as may be designated by the Purchaser, but in no event later than May 22June 29, 2003 2007 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following the date hereof.

Appears in 1 contract

Samples: Subscription Agreement (Parke Bancorp, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.