Common use of Designation and Number of Shares Clause in Contracts

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of serial preferred stock of the Company a series of preferred stock designated as the “Series G Cumulative Mandatory Convertible Preferred Stock” (the “Series G Preferred Stock”). The authorized number of shares of the Series G Preferred Stock shall be 20,000. Such number of shares may be decreased by resolution of the Board of Directors, subject to the terms and conditions hereof; provided that no decrease shall reduce the number of shares of the Series G Preferred Stock to a number less than the number of shares then outstanding.

Appears in 5 contracts

Samples: Master Transaction Agreement, Intercompany Loan Agreement, Master Transaction Agreement

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Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of serial preferred stock of the Company a series of preferred stock designated as the “Series G F Fixed Rate Non-Cumulative Mandatory Convertible Perpetual Preferred Stock” (the “Series G F Preferred Stock”). The authorized number of shares of the Series G F Preferred Stock shall be 20,000300,000. Such number of shares may be decreased by resolution of the Board of Directors, subject to the terms and conditions hereof; provided that no decrease shall reduce the number of shares of the Series G F Preferred Stock to a number less than the number of shares then outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (American International Group Inc)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of serial preferred stock of the Company a series of preferred stock designated as the “Series G Cumulative Mandatory Convertible C Perpetual, Convertible, Participating Preferred Stock” (the “Series G C Preferred Stock”). The authorized number of shares of the Series G C Preferred Stock shall be 20,000100,000. Such number of shares may be decreased by resolution of the Board of Directors, subject to the terms and conditions hereof; provided provided, that no decrease shall reduce the number of shares of the Series G C Preferred Stock to a number less than the number of shares then outstanding.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (American International Group Inc)

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Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of serial preferred stock Preferred Stock of the Company Corporation a series of preferred stock designated as the “Series G A Fixed Rate Cumulative Mandatory Convertible Perpetual Preferred Stock” (the “Series G A Preferred Stock”). The authorized number of shares of the Series G A Preferred Stock shall be 20,000360,000,000. Such number of shares may be decreased by resolution of the Board of Directors, subject to the terms and conditions hereof; provided that no decrease shall reduce the number of shares of the Series G A Preferred Stock to a number less than the number of shares then outstanding.

Appears in 1 contract

Samples: Warrant Agreement (General Motors Co)

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