Termination Event; Redemption Prior to Stock Purchase Date; Notice. (a) The Stock Purchase Contracts and all obligations and rights of the Company and the Issuer Trust (including the obligations and rights of the Property Trustee acting on behalf of the Issuer Trust) thereunder, including, without limitation, the right of the Issuer Trust to receive and the obligation of the Company to pay any Contract Payments (including any accrued and unpaid Contract Payments), and the rights and obligations of the Issuer Trust to purchase shares of Preferred Stock and of the Company to issue shares of Preferred Stock, shall immediately and automatically terminate, without the necessity of any notice or action by the Issuer Trust, the Property Trustee or the Company, if a Termination Event shall have occurred on or prior to the Stock Purchase Date.
Appears in 3 contracts
Samples: Stock Purchase Contract Agreement, Stock Purchase Contract Agreement (Wells Fargo & Co/Mn), Stock Purchase Contract Agreement (Wells Fargo & Co/Mn)
Termination Event; Redemption Prior to Stock Purchase Date; Notice. (a) The Stock Purchase Contracts and all obligations and rights of the Company and the Issuer Trust (including the obligations and rights of the Property Trustee acting on behalf of the Issuer Trust) thereunder, including, without limitation, the right of the Issuer Trust to receive and the obligation of the Company to pay any Contract Payments (including any accrued and unpaid Contract Payments), and the rights and obligations of the Issuer Trust to purchase shares of Preferred Stock and of the Company to issue shares of Preferred Stock, shall immediately and automatically terminate, without the necessity of any notice or action by the Issuer Trust, the Property Trustee or the Company, if a Termination Event shall have occurred on or prior to the Stock Purchase Date.
Appears in 3 contracts
Samples: Stock Purchase Contract Agreement (State Street Corp), Stock Purchase Contract Agreement (National City Preferred Capital Trust I), Stock Purchase Contract Agreement (Mellon Financial Corp)
