Common use of Optional Redemption of Preferred Stock for Cash Clause in Contracts

Optional Redemption of Preferred Stock for Cash. (a) Subject to receiving all required regulatory approvals, the Company may redeem the Preferred Stock at its option, in whole or in part, at any time, or from time to time, on or after June 30, 2023. There will be no sinking fund for the redemption or purchase of the Preferred Stock or the Depositary Shares. No holder of the Preferred Stock or of the Depositary Shares will have the right to require the redemption of the Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (Fifth Third Bancorp)

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Optional Redemption of Preferred Stock for Cash. (a) Subject to receiving all required regulatory approvals, the Company may redeem the Preferred Stock at its option, in whole or in part, at any time, or from time to time, on any Dividend Payment Date (as defined in the Certificate of Designation) on or after June September 30, 20232025. There will be no sinking fund for the redemption or purchase of the Preferred Stock or the Depositary Shares. No holder of the Preferred Stock or of the Depositary Shares will have the right to require the redemption of the Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (Fifth Third Bancorp)

Optional Redemption of Preferred Stock for Cash. (a) Subject to receiving all required regulatory approvals, the Company may redeem the Preferred Stock at its option, in whole or in part, at any time, or from time to time, on any Dividend Payment Date (as defined in the Articles of Amendment) on or after June September 30, 20232025. There will be no sinking fund for the redemption or purchase of the Preferred Stock or the Depositary Shares. No holder of the Preferred Stock or of the Depositary Shares will have the right to require the redemption of the Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (MainStreet Bancshares, Inc.)

Optional Redemption of Preferred Stock for Cash. (a) Subject to receiving all required regulatory approvals, the Company may redeem the Preferred Stock at its option, in whole or in part, at any time, or from time to time, on any Dividend Payment Date (as defined in the Certificate of Designation) on or after June September 30, 20232024. There will be no sinking fund for the redemption or purchase of the Preferred Stock or the Depositary Shares. No holder of the Preferred Stock or of the Depositary Shares will have the right to require the redemption of the Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (Fifth Third Bancorp)

Optional Redemption of Preferred Stock for Cash. (a) Subject to receiving all required regulatory approvals, the Company may redeem the Preferred Stock at its option, in whole or in part, at any time, or from time to time, on or after June 30December 31, 2023. There will be no sinking fund for the redemption or purchase of the Preferred Stock or the Depositary Shares. No holder of the Preferred Stock or of the Depositary Shares will have the right to require the redemption of the Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (Fifth Third Bancorp)

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Optional Redemption of Preferred Stock for Cash. (a) Subject to receiving all required regulatory approvals, the Company may redeem the Preferred Stock at its option, in whole or in part, at any time, or from time to time, as provided for in the Certificate of Designation, on or after June 30April 16, 20232022. There will be no sinking fund for the redemption or purchase of the Preferred Stock or the Depositary Shares. No holder of the Preferred Stock or of the Depositary Shares will have the right to require the redemption of the Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (XOMA Corp)

Optional Redemption of Preferred Stock for Cash. (a) Subject to receiving all required regulatory approvals, the Company may redeem the Preferred Stock at its option, in whole or in part, at any time, or from time to time, on or after June September 30, 20232019. There will be no sinking fund for the redemption or purchase of the Preferred Stock or the Depositary Shares. No holder of the Preferred Stock or of the Depositary Shares will have the right to require the redemption of the Preferred Stock.

Appears in 1 contract

Samples: Deposit Agreement (Fifth Third Bancorp)

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