Terms of Exchange. If the Proposal is approved at the Special Shareholders Meeting (or if the Company exercises its Early Closing Option pursuant to Section B.5 of this Agreement) , the Company shall cancel and exchange (the "Exchange") each Series A Preferred Share and issue to the Holder the following consideration (the "Exchange Consideration") in exchange therefore:
Appears in 2 contracts
Samples: Voting And (Macatawa Bank Corp), Voting And (Macatawa Bank Corp)
Terms of Exchange. If the Proposal is approved at the Special Shareholders Meeting (or if the Company exercises its Early Closing Option pursuant to Section B.5 of this Agreement) , the Company shall cancel and exchange (the "Exchange") each Series A B Preferred Share and issue to the Holder the following consideration (the "Exchange Consideration") in exchange therefore:
Appears in 2 contracts
Samples: Voting And (Macatawa Bank Corp), Voting And (Macatawa Bank Corp)
