Common use of Depositary Shares Clause in Contracts

Depositary Shares. Upon request by the Investor in connection with a proposed transfer of the Series F Preferred Stock, the Company shall promptly enter into a depositary arrangement, pursuant to customary agreements reasonably satisfactory to the Investor and with a depositary reasonably acceptable to the Investor, pursuant to which the Series F Preferred Stock may be deposited and depositary shares, each representing a fraction of a Series F Preferred Stock as specified by the Investor, may be issued. From and after the execution of any such depositary arrangement, and the deposit of any Series F Preferred Stock pursuant thereto, the depositary shares issued pursuant thereto shall be deemed “Series F Preferred Stock” and, as applicable, “Registrable Securities” for purposes of this Agreement.

Appears in 4 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement (American International Group Inc)

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Depositary Shares. Upon request by the Investor in connection with a proposed transfer of the Series F E Preferred Stock, the Company shall promptly enter into a depositary arrangement, pursuant to customary agreements reasonably satisfactory to the Investor and with a depositary reasonably acceptable to the Investor, pursuant to which the Series F E Preferred Stock may be deposited and depositary shares, each representing a fraction of a Series F E Preferred Stock as specified by the Investor, may be issued. From and after the execution of any such depositary arrangement, and the deposit of any Series F E Preferred Stock pursuant thereto, the depositary shares issued pursuant thereto shall be deemed “Series F E Preferred Stock” and, as applicable, “Registrable Securities” for purposes of this Agreement.

Appears in 2 contracts

Samples: Securities Exchange Agreement, Securities Exchange Agreement (American International Group Inc)

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Depositary Shares. Upon request by the Investor in connection with a proposed transfer of the Series F Preferred Stock, the Company shall promptly enter into a depositary arrangement, pursuant to customary agreements reasonably satisfactory to the Investor and with a depositary reasonably acceptable to the Investor, pursuant to which the Series F Preferred Stock may be deposited and depositary shares, each representing a fraction of a Series F Preferred Stock as specified by the Investor, may be issued. From and after the execution of any such depositary arrangement, and the deposit of any Series F Preferred Stock pursuant thereto, the depositary shares issued pursuant thereto shall be deemed “Series F Preferred Stock” and, as applicable, “Registrable Securities” for purposes of this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (American International Group Inc)

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