Examples of VCB Preferred Stock in a sentence
Between the date hereof and the Effective Time, VCB shall cooperate in a commercially reasonable manner with any efforts by EVBS to purchase or cause to be purchased, or effect or cause to be effected the redemption of, shares of VCB Preferred Stock, provided that solely EVBS funds are used for any such purchase or redemption.
Except as set forth in the preceding sentence, there are no shares of VCB Common Stock or VCB Preferred Stock reserved for issuance, VCB does not have any Rights issued or outstanding with respect to VCB Common Stock and VCB does not have any commitment to authorize, issue or sell any VCB Common Stock, VCB Preferred Stock or Rights.
The outstanding shares of VCB Common Stock and VCB Preferred Stock have been duly authorized and validly issued and are fully paid and non-assessable, and none of the outstanding shares of VCB Common Stock or VCB Preferred Stock have been issued in violation of the preemptive rights of any Person.
Make, declare, pay or set aside for payment any dividend on or in respect of, or declare or make any distribution on any shares of VCB Common Stock or VCB Preferred Stock or directly or indirectly adjust, split, combine, redeem, reclassify, purchase or otherwise acquire, any shares of VCB Common Stock or VCB Preferred Stock.
Shares of VCB Common Stock and VCB Preferred Stock that are canceled and retired pursuant to this Section 2.01(b) are hereinafter referred to as the “Excluded Shares”.
Prior to the Effective Date, and as a condition to the Acquisition, all holders of the VCB Preferred Stock shall have converted 100% of the issued and outstanding VCB Preferred Stock to VCB Common Stock, and VCB shall have received the conversion price of $.30 per share of VCB Preferred Stock.
Shares of VCB Common Stock and VCB Preferred Stock that are canceled and retired pursuant to this Section 3.01(b) are hereinafter referred to as the “Excluded Shares”.
Neither the execution and delivery of this Agreement nor the consummation or performance of the Transaction will result in any holder of VCB Common Stock or VCB Preferred Stock having appraisal rights under the VSCA.
Each of EVBS and VCB shall have the right to review in advance, and to the extent practicable, each shall consult with the other, in each case subject to applicable laws relating to the exchange of information, with respect to all written information submitted to any third party or any Governmental Authority in connection with the Transaction or the purchase or redemption of the VCB Preferred Stock.
No shares of VCB stock shall be issued between the date of the Agreement and the Effective Date, other than the issuance of shares of VCB Common Stock upon the conversion of VCB Preferred Stock.