Common use of Redemptions of Stock Clause in Contracts

Redemptions of Stock. Directly or indirectly redeem, purchase or otherwise acquire (except for shares acquired in satisfaction of a debt previously contracted) any of their own common or any other capital stock or form a new subsidiary; or

Appears in 2 contracts

Sources: Merger Agreement (Farmers & Merchants Bancorp Inc), Merger Agreement (Horizon Bancorp /In/)