BBT » Topics » Eligible Proceeds

This excerpt taken from the BBT 8-K filed Jun 12, 2007.
Eligible Proceeds” means, for each relevant Interest Payment Date, the net proceeds (after deducting underwriters’ or placement agents’ fees, commissions or discounts and other expenses relating to the issuance or sale) the Corporation has received during the 180-day period prior to such Interest Payment Date from the issuance or sale of APM Qualifying Securities (excluding sales of Common Stock in excess of the Maximum Share Number and sales of Qualifying Preferred Stock in excess of the Preferred Stock Issuance Cap) to Persons that are not the Corporation’s Subsidiaries.


"Eligible Proceeds" elsewhere:

PrivateBancorp (PVTB)
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