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 preferred stock of this corporation (for purposes of this Section 6, the “Issuer”) a series of preferred stock designated as the “Senior Non-Cumulative Perpetual Preferred Stock, Series B” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be 11,250.

Appears in 2 contracts

Sources: Merger Agreement (Center Bancorp Inc), Merger Agreement (ConnectOne Bancorp, Inc.)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of this corporation (for purposes of this Section 6, the “Issuer”) Corporation a series of preferred stock designated as the “Senior Non-Cumulative Perpetual Series A Convertible Preferred Stock, Series B” (hereinafter, the “Designated Series A Preferred Stock”). ) The authorized number of shares of Designated constituting the Series A Preferred Stock shall be 11,250Five Million (5,000,000).

Appears in 1 contract

Sources: Share Exchange Agreement (CREATIVE LEARNING Corp)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock Preferred Stock of this corporation (for purposes of this Section 6, the “Issuer”) Corporation a series of preferred stock designated as the “Senior Series B Adjustable Rate Non-Cumulative Perpetual Preferred Stock, Series B” (the “Designated Series B Preferred Stock”). The authorized number of shares of Designated Series B Preferred Stock shall be 11,2501,359.

Appears in 1 contract

Sources: Stock Purchase Agreement (Central Valley Community Bancorp)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of this corporation (for purposes of this Section 6, the “Issuer”) Corporation a series of preferred stock designated as the “Senior Non-Fixed Rate Cumulative Perpetual Preferred Stock, Series BH” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be 11,25010,000,000.

Appears in 1 contract

Sources: Callable Bull/Bear Contracts (Cbbcs)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of this corporation (for purposes of this Section 6, the “Issuer”) Corporation a series of preferred stock designated as the “Senior Non-Cumulative Perpetual Preferred Stock, Series BA” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be 11,2508,381.

Appears in 1 contract

Sources: Securities Purchase Agreement (Xenith Bankshares, Inc.)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of this corporation (for purposes of this Section 6, the “Issuer”) Corporation a series of preferred stock designated as the “Senior Non-Fixed Rate Cumulative Perpetual Preferred Stock, Series BA” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be 11,2507,700.

Appears in 1 contract

Sources: Securities Purchase Agreement (Oak Ridge Financial Services, Inc.)