Common use of Changes after Provision for Redemption Clause in Contracts

Changes after Provision for Redemption. No vote or consent of the holders of Designated Preferred Stock shall be required pursuant to Section 7(c) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of the Designated Preferred Stock shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section 5 above.

Appears in 58 contracts

Samples: Securities Purchase Agreement, Letter Agreement (International Bancshares Corp), Letter Agreement

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Changes after Provision for Redemption. No vote or consent of the holders of Designated Preferred Stock shall be required pursuant to Section 7(c7(d) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of the Designated Preferred Stock shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section 5 above.

Appears in 7 contracts

Samples: Securities Purchase Agreement (Sunshine Bancorp, Inc.), Securities Purchase Agreement (Simmons First National Corp), Securities Purchase Agreement (First Pactrust Bancorp Inc)

Changes after Provision for Redemption. No vote or consent of the holders of Designated Series C Preferred Stock shall be required pursuant to Section 7(c7(a), (b) or (c) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Sectionsection, all outstanding shares of the Designated Series C Preferred Stock shall have been redeemed, or shall have notice of redemption has been called for redemption upon proper notice given and sufficient funds shall have been irrevocably deposited in trust for to effect such redemption, in each case pursuant to Section 5 above.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (TCF Financial Corp), Agreement and Plan of Merger (Chemical Financial Corp), Deposit Agreement (Huntington Bancshares Inc /Md/)

Changes after Provision for Redemption. No vote or consent of the holders of Designated Senior Preferred Stock shall be required pursuant to Section 7(c7(d) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of the Designated Senior Preferred Stock shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section 5 above.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Bancplus Corp), Securities Purchase Agreement (PCB Bancorp), Letter Agreement (Broadway Financial Corp \De\)

Changes after Provision for Redemption. No vote or consent of the holders of Designated Series I Preferred Stock shall be required pursuant to Section 7(c7(a), (b) or (c) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Sectionsection, all outstanding shares of the Designated Series I Preferred Stock shall have been redeemed, or shall have notice of redemption has been called for redemption upon proper notice given and sufficient funds shall have been irrevocably deposited in trust for to effect such redemption, in each case pursuant to Section 5 above.

Appears in 2 contracts

Samples: Deposit Agreement (Huntington Bancshares Inc /Md/), Deposit Agreement (Huntington Bancshares Inc /Md/)

Changes after Provision for Redemption. No vote or consent of the holders of Designated Series [H] Preferred Stock shall be required pursuant to Section 7(c7(a), (b) or (c) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Sectionsection, all outstanding shares of the Designated Series [H] Preferred Stock shall have been redeemed, or shall have notice of redemption has been called for redemption upon proper notice given and sufficient funds shall have been irrevocably deposited in trust for to effect such redemption, in each case pursuant to Section 5 above.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Huntington Bancshares Inc/Md), Agreement and Plan of Merger (TCF Financial Corp)

Changes after Provision for Redemption. No vote or consent of the holders of Designated Preferred Stock shall be required pursuant to Section 7(c) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of the Designated Preferred Stock shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section 5 above.. UST # 205

Appears in 1 contract

Samples: Letter Agreement (Oak Valley Bancorp)

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Changes after Provision for Redemption. No vote or consent of the holders of Designated Preferred Stock shall be required pursuant to Section 7(c8(c) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of the Designated Preferred Stock shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section 5 6 above.

Appears in 1 contract

Samples: Investment Agreement (River Valley Bancorp)

Changes after Provision for Redemption. No vote or consent of the holders of Designated Preferred Stock shall be required pursuant to Section 7(c7(d) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of the Designated Preferred Stock shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section 5 above.. SBLF Participant No. 0307 A-16 (Bank/Thrift)

Appears in 1 contract

Samples: Securities Purchase Agreement (Xenith Bankshares, Inc.)

Changes after Provision for Redemption. No vote or consent of the holders of Designated the Series D Preferred Stock shall be required pursuant to Section 7(c7(b) above if, at or prior to the time when any such vote or consent would otherwise be required pursuant to such Section, all outstanding shares of the Designated Series D Preferred Stock shall have been redeemed, or shall have been called for redemption upon proper notice and sufficient funds shall have been deposited in trust for such redemption, in each case pursuant to Section 5 above.

Appears in 1 contract

Samples: Share Exchange Agreement (United Community Banks Inc)

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