Common use of Status of Non-Voting Shares after Closing Clause in Contracts

Status of Non-Voting Shares after Closing. The Non-Voting Shares exchanged for the Exchange Shares pursuant to this Article II are being reacquired by the Company and shall have the status of authorized but unissued shares of non-voting common stock, par value $0.01 per share, of the Company undesignated as to series and may be reissued as non-voting common stock, par value $0.01 per share, of the Company.

Appears in 3 contracts

Samples: Exchange Agreement (Bridgewater Bancshares Inc), Exchange Agreement (Bridgewater Bancshares Inc), Exchange Agreement (Bridgewater Bancshares Inc)

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Status of Non-Voting Shares after Closing. The Non-Voting Shares exchanged for the Exchange Shares pursuant to this Article II are being reacquired by the Company and shall have the status of authorized but unissued shares of non-voting common stock, par value $0.01 per share, stock of the Company undesignated as to series and may be reissued as non-voting common stock, par value $0.01 per share, stock of the Company.. ARTICLE III

Appears in 1 contract

Samples: Exchange Agreement (WashingtonFirst Bankshares, Inc.)

Status of Non-Voting Shares after Closing. The Non-Voting Shares exchanged for the Exchange Shares pursuant to this Article II are being reacquired by the Company and shall have the status of authorized but unissued shares of non-voting common stock, par value $0.01 per share, stock of the Company undesignated as to series and may be reissued as non-voting common stock, par value $0.01 per share, stock of the Company.

Appears in 1 contract

Samples: Exchange Agreement (WashingtonFirst Bankshares, Inc.)

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Status of Non-Voting Shares after Closing. The Non-Voting Shares exchanged for the Exchange Shares pursuant to this Article II are being reacquired by the Company and shall have the status of authorized but unissued shares of non-voting common stock, par value $0.01 per share, stock of the Company undesignated as to series and may be reissued as non-voting common stock, par value $0.01 per share, stock of the Company.. 

Appears in 1 contract

Samples: Exchange Agreement (Guaranty Bancorp)

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