Examples of Seller Bank Common Stock in a sentence
The authorized capital stock of Seller Bank consists of (i) 10,000,000 shares of Seller Bank Common Stock, $4.00 par value per share.
All of the issued and outstanding shares of Seller Bank Common Stock and Seller Bank Preferred Stock are validly issued, fully paid and nonassessable, and have not been issued in violation of any preemptive right.
All of the issued and outstanding shares of Seller Bank Common Stock have been duly authorized and validly issued and are fully paid, nonassessable and have been issued in compliance with or free of preemptive rights, with no personal liability attaching to the ownership thereof.
The authorized capital stock of Seller Bank consists of (i) 10,000,000 shares of common stock, par value $1.00 per share ("Seller Bank Common Stock"), of which 5,000,000 shares are issued and outstanding and (ii) 1,000,000 shares of preferred stock, par value $100.00 per share("Seller Bank Preferred Stock"), issuable in series, of which 200,000 shares are issued and outstanding.
All of the outstanding shares of the Seller Bank Common Stock are validly issued, fully paid and nonassessable and not subject to any preemptive rights and there are no agreements or understandings with respect to the voting or disposition of any such shares.
At and upon the Closing (as defined in Section 9.1), (i) Buyer Bank shall pay the Merger Consideration to First Tennessee in immediately available funds, and (ii) First Tennessee shall make available and surrender to Buyer Bank Certificates representing all of the issued and outstanding Seller Bank Common Stock.
There are no outstanding subscriptions, options, warrants, calls, commitments or agreements of any character calling for the purchase or issuance of any shares of Seller Bank Common Stock or any other equity security of Seller Bank or any securities representing the right to purchase or otherwise receive any shares of Seller Bank Common Stock or any other security of Seller Bank.
No Seller Bank Common Stock is held by Seller Bank as treasury stock.
Other than the preemptive rights contained within the Seller Bank charter, Seller Bank does not have and is not bound by any outstanding subscriptions, options, warrants, calls, commitments or agreements of any character calling for the purchase or issuance of any shares of Seller Bank Common Stock or any other equity security of Seller Bank or any securities representing the right to purchase or otherwise receive any shares of Seller Bank Common Stock or any other equity security of Seller Bank.
All the issued and outstanding shares of Seller Bank Common Stock have been duly authorized and are validly issued, fully paid and non-assessable (except as provided in 12 U.S.C. §55).