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

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

AutoNDA by SimpleDocs

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

Samples: Agreement and Plan of Merger (Mb Financial Inc /Md), Agreement and Plan of Merger (Taylor Capital Group Inc)

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

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

AutoNDA by SimpleDocs

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

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

Time is Money Join Law Insider Premium to draft better contracts faster.