Status of Redeemed Shares. Shares of Series C Preferred that are redeemed, repurchased or otherwise acquired by the Corporation shall revert to authorized but unissued shares of Preferred Stock (provided that any such cancelled shares of Series C Preferred may be reissued only as shares of any series of Preferred Stock other than Series C Preferred).
Appears in 1 contract
Status of Redeemed Shares. Shares of the Series C D Preferred Stock that are redeemed, repurchased or otherwise acquired by the Corporation shall revert to authorized but unissued shares of Preferred Stock (provided that any such cancelled shares of the Series C D Preferred Stock may be reissued only as shares of any series of Preferred Stock other than the Series C PreferredD Preferred Stock).
Appears in 1 contract
Samples: Share Exchange Agreement (United Community Banks Inc)
Status of Redeemed Shares. Shares of Series C Preferred Stock that are redeemed, repurchased or otherwise acquired by the Corporation shall revert to authorized but unissued shares of Preferred Stock (provided that any such cancelled shares of Series C Preferred may be reissued only Stock, undesignated as shares of any to series of Preferred Stock other than Series C Preferred)and available for future issuance.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Midsouth Bancorp Inc)
Status of Redeemed Shares. Shares of the Series C A Preferred Stock that are redeemed, repurchased or otherwise acquired by the Corporation shall revert to authorized but unissued shares of Preferred Stock (provided that any such cancelled shares of the Series C A Preferred Stock may be reissued only as shares of any series of the Preferred Stock other than the Series C PreferredA Preferred Stock).
Appears in 1 contract