Common use of Residual Distributions Clause in Contracts

Residual Distributions. If the liquidation preference plus any authorized, declared and unpaid dividends has been paid in full to all holders of Series C Preferred Stock, the holders of shares of Series C Preferred Stock will not be entitled to any further participation in any distribution of assets by the Corporation.

Appears in 4 contracts

Sources: Deposit Agreement (Huntington Bancshares Inc /Md/), Deposit Agreement (Huntington Bancshares Inc /Md/), Merger Agreement (Chemical Financial Corp)

Residual Distributions. If the liquidation preference plus any authorized, declared and unpaid dividends has been paid in full to all holders of Series C A Preferred Stock, the holders of shares of Series C A Preferred Stock will not be entitled to any further participation in any distribution of assets by the Corporation.

Appears in 2 contracts

Sources: Merger Agreement (Taylor Capital Group Inc), Merger Agreement (Mb Financial Inc /Md)

Residual Distributions. If the liquidation preference plus any authorized, declared and unpaid dividends has been paid in full to all holders of Series C I Preferred Stock, the holders of shares of Series C I Preferred Stock will not be entitled to any further participation in any distribution of assets by the Corporation.

Appears in 2 contracts

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

Residual Distributions. If the liquidation preference plus any authorized, declared and unpaid dividends has been paid in full to all holders of Series C [H] Preferred Stock, the holders of shares of Series C [H] Preferred Stock will not be entitled to any further participation in any distribution of assets by the Corporation.

Appears in 2 contracts

Sources: Merger Agreement (TCF Financial Corp), Merger Agreement (Huntington Bancshares Inc/Md)

Residual Distributions. If the liquidation preference plus any authorized, declared and unpaid dividends Liquidation Preference has been paid in full to all holders of Series C Preferred Stock, the holders of shares Holders of Series C Preferred Stock and the corresponding amounts payable with respect of any other stock of the Corporation ranking equally with Series C Preferred Stock as to such distribution has been paid in full, the Holders of the Series C Preferred Stock will not be entitled have no right or claim to any further participation in any distribution of the remaining assets by of the CorporationCorporation (or proceeds thereof).

Appears in 2 contracts

Sources: Securities Purchase Agreement (Blue Ridge Bankshares, Inc.), Investment Agreement (Seacoast Banking Corp of Florida)