Authorized but Unissued Shares. Notwithstanding the other provisions of this Section, no adjustment shall be made in the event of the issuance of additional shares of Old Kent Common Stock or other securities pursuant to a public offering, private placement, or an acquisition of one or more banks, corporations, or business assets as authorized by the board of directors of Old Kent or a duly authorized committee of the board.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Grand Premier Financial Inc), Agreement and Plan of Merger (Old Kent Financial Corp /Mi/), Agreement and Plan of Merger (Merchants Bancorp Inc/De/)
Authorized but Unissued Shares. Notwithstanding the other provisions of this Section, no adjustment shall be made in the event of the issuance of additional shares of Old Kent Common Stock or other securities pursuant to a public offering, private placement, or an acquisition of one or more banks, corporations, or business assets as authorized by for consideration that the board of directors of Old Kent Kent, or a duly authorized committee of the boardthereof, determines to be fair and reasonable.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Old Kent Financial Corp /Mi/), Agreement and Plan of Merger (First Evergreen Corp)
Authorized but Unissued Shares. Notwithstanding the other provisions of this Section, no adjustment shall be made in the event of the issuance of additional shares of Old Kent Common Stock or other securities pursuant to a public offering, private placement, or an acquisition of one or more banks, corporations, or business assets as authorized by for consideration that the board of directors of Old Kent Kent, or a duly authorized au- thorized committee of the boardthereof, determines to be fair and reasonable.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (CFSB Bancorp Inc), Agreement and Plan of Merger (Old Kent Financial Corp /Mi/)
