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 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 April 28, 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 (First Banks, Inc), Master Custodian Agreement (First Banks, Inc)

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PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Subscription Agreement, the Purchaser hereby agrees to purchase from the Trust 20,000 10.60% 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 April 28September 7, 2006 2000 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 5 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Subscription Agreement (MCB Financial Corp)

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PURCHASE AND SALE OF CAPITAL SECURITIES. 1.1. Upon the execution of this Subscription Agreement, the Purchaser hereby agrees to purchase from the Trust 20,000 Four Thousand (4,000) 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 DeclarationTrust Agreement. The Purchase Price is payable in immediately available funds on April 28June 27, 2006 2002 (the "Closing Date"). The Offerors shall provide the Purchaser wire transfer instructions no later than 1 day following 5 days prior to the date hereofClosing Date.

Appears in 1 contract

Samples: Subscription Agreement (Florida Banks Inc)

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