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 the Issuer a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●].

Appears in 27 contracts

Sources: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●].

Appears in 13 contracts

Sources: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the “Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series [●]” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●].

Appears in 6 contracts

Sources: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of senior preferred stock designated as the “Fixed Rate Senior Non-Cumulative Perpetual Preferred Stock, Series [●]” (the “Designated Senior Preferred Stock”). The authorized number of shares of Designated Senior Preferred Stock shall be [●].

Appears in 3 contracts

Sources: Securities Purchase Agreement (Ponce Financial Group, Inc.), Securities Purchase Agreement (Broadway Financial Corp \De\), Securities Purchase Agreement (PCB Bancorp)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the "Fixed Rate Cumulative Perpetual Mandatorily Convertible Preferred Stock, Series [●]” C" (the "Designated Preferred Stock"). The authorized number of shares of Designated Preferred Stock shall be [●]303,000.

Appears in 2 contracts

Sources: Exchange Agreement, Exchange Agreement

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]A” (the “Designated Preferred Stock”). The authorized number of shares of the Designated Preferred Stock shall be [●]10,000.

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 the Issuer a series of preferred stock designated as the “Fixed Rate Senior Non-Cumulative Perpetual Preferred Stock, Series [●]” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●].

Appears in 2 contracts

Sources: Assignment and Assumption Agreement (Sunshine Bancorp, Inc.), Securities Purchase Agreement (First Pactrust Bancorp Inc)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●[ ]” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●]( ).

Appears in 1 contract

Sources: Exchange Agreement

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the “Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series [●]C” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●]30,852.

Appears in 1 contract

Sources: Securities Purchase Agreement (Simmons First National Corp)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the “Fixed Rate Senior Non-Cumulative Perpetual Preferred Stock, . Series []” (the “Designated Preferred Stock). The authorized number of shares of Designated Preferred Stock shall be [].

Appears in 1 contract

Sources: Assumption Agreement (First Pactrust Bancorp Inc)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the "Fixed Rate Cumulative Perpetual Mandatorily Convertible Preferred Stock, Series [●]” B" (the "Designated Preferred Stock"). The authorized number of shares of Designated Preferred Stock shall be [●].n].1

Appears in 1 contract

Sources: Exchange Agreement (Independent Bank Corp /Mi/)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]A” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●]8,000.

Appears in 1 contract

Sources: Investment Agreement (River Valley Bancorp)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●[ ]” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●].be

Appears in 1 contract

Sources: Exchange Agreement

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the "Series D Fixed Rate Cumulative Perpetual Mandatorily Convertible Preferred Stock, Series [●]” " (the "Designated Preferred Stock"). The authorized number of shares of Designated Preferred Stock shall be [●], none of which has been issued.

Appears in 1 contract

Sources: Exchange Agreement

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]A” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●]13,500.

Appears in 1 contract

Sources: Letter Agreement (Oak Valley Bancorp)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]A” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●]5,500.

Appears in 1 contract

Sources: Securities Purchase Agreement

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]A” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●]37,000.

Appears in 1 contract

Sources: Merger Agreement (First Defiance Financial Corp)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series []” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [].

Appears in 1 contract

Sources: Securities Purchase Agreement (Morgan Stanley)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock Preferred Stock of the Issuer Corporation a series of preferred stock Preferred Stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]A” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●]24,900.

Appears in 1 contract

Sources: Investment Agreement (Crescent Financial Corp)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer Corporation a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]A” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●]216,000.

Appears in 1 contract

Sources: Securities Purchase Agreement (International Bancshares Corp)

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock Serial Preferred Stock of the Issuer a series of preferred stock Serial Preferred Stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●].

Appears in 1 contract

Sources: Exchange Agreement

Designation and Number of Shares. There is hereby created out of the authorized and unissued shares of preferred stock of the Issuer a series of preferred stock designated as the “Fixed Rate Cumulative Perpetual Preferred Stock, Series [●]B” (the “Designated Preferred Stock”). The authorized number of shares of Designated Preferred Stock shall be [●]275.

Appears in 1 contract

Sources: Securities Purchase Agreement