Common use of Purchase of Preferred Stock; Payment of Purchase Price Clause in Contracts

Purchase of Preferred Stock; Payment of Purchase Price. (a) Each Stock Purchase Contract shall obligate the Issuer Trust (acting through the Property Trustee) to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to the Stated Amount, one share of Preferred Stock, unless a Termination Event shall have occurred or the Company shall have redeemed all of the Notes prior to the Stock Purchase Date in accordance with the Indenture.

Appears in 5 contracts

Samples: Stock Purchase Contract Agreement, Stock Purchase Contract Agreement (Wells Fargo & Co/Mn), Stock Purchase Contract Agreement (Wells Fargo & Co/Mn)

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Purchase of Preferred Stock; Payment of Purchase Price. (a) Each Stock Purchase Contract shall obligate the Issuer Trust (acting through the Property Trustee) to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to the Stated Amount, one share of Preferred Stock, unless a Termination Event shall have occurred or the Company shall have redeemed all of the Notes prior to the Stock Purchase Date in accordance with the Indentureoccurred.

Appears in 3 contracts

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

Purchase of Preferred Stock; Payment of Purchase Price. (a) Each outstanding Stock Purchase Contract shall obligate the Issuer Trust (acting through the Property Trustee) to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to the Stated Amount, one share of Preferred Stock, unless a Termination Event shall have occurred or the Company shall have redeemed all of the Notes prior to the Stock Purchase Date in accordance with the Indentureoccurred.

Appears in 2 contracts

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

Purchase of Preferred Stock; Payment of Purchase Price. (a) Each Stock Purchase Contract shall obligate the Issuer Trust (acting through the Property Trustee) to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to the Stated Amount, one share of Preferred StockStock or the applicable fraction thereof, unless a Termination Event shall have occurred or the Company shall have redeemed all of the Notes prior to the Stock Purchase Date in accordance with the Indentureoccurred.

Appears in 2 contracts

Samples: Stock Purchase Contract Agreement (Goldman Sachs Capital Ii), Stock Purchase Contract Agreement (Goldman Sachs Capital Iii)

Purchase of Preferred Stock; Payment of Purchase Price. (a) Each Stock Purchase Contract shall obligate the Issuer Trust (acting through the Property Trustee) to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to the Stated Amount, one a Pro Rata Interest in a share of Preferred Stock, unless a Termination Event shall have occurred or the Company shall have redeemed all of the Notes prior to the Stock Purchase Date in accordance with the Indentureoccurred.

Appears in 2 contracts

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

Purchase of Preferred Stock; Payment of Purchase Price. (a) Each Stock Purchase Contract shall obligate the Issuer Trust (acting through the Property Trustee) to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to the Stated Amount$100,000, one share of Preferred Stock, unless a Termination Event shall have occurred or the Company shall have redeemed all of the Notes prior to the Stock Purchase Date in accordance with the Indentureoccurred.

Appears in 1 contract

Samples: Stock Purchase Contract Agreement (Wachovia Corp New)

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Purchase of Preferred Stock; Payment of Purchase Price. (a) Each Stock Purchase Contract shall obligate the Issuer Trust (acting through the Property Trustee) to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to the Stated Amount, one share of Preferred Stock, unless a Termination Event shall have occurred or the Company shall have redeemed all of the Notes prior to the Stock Purchase Date in accordance with the Indentureoccurred.

Appears in 1 contract

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

Purchase of Preferred Stock; Payment of Purchase Price. (a) Each Stock Purchase Contract shall obligate the Issuer Trust (acting through the Property Trustee) to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to the Stated Amount, one a Pro Rata Interest in a share of Preferred Stock, unless a Termination Event shall have occurred or the Company shall have redeemed all of the Notes prior to the Stock Purchase Date in accordance with the Indentureoccurred.

Appears in 1 contract

Samples: Stock Purchase Contract Agreement (Suntrust Banks Inc)

Purchase of Preferred Stock; Payment of Purchase Price. (a) Each Stock Purchase Contract shall obligate the Issuer Trust (acting through the Property Trustee) to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to the Stated Amount, one share of Preferred Stock, unless a Termination Event shall have occurred or the Company shall have redeemed all of the Notes Junior Subordinated Debentures prior to the Stock Purchase Date in accordance with the Indenture.

Appears in 1 contract

Samples: Stock Purchase Contract Agreement (State Street Corp)

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