Bank Preferred Stock definition

Bank Preferred Stock means the preferred stock, $1.00 par value, of the Bank.
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Bank Preferred Stock shall have the meaning ascribed thereto in Section 4.2(b) hereof.
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Bank Preferred Stock has the meaning specified in the Recitals.
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Examples of Bank Preferred Stock in a sentence

  • The issuance of the Bank Common Stock is not subject to preemptive or similar rights and there are no other warrants, options or rights of any kind to acquire additional shares of Bank Common Stock or Bank Preferred Stock.

  • Middle Market Bank Preferred Stock: The Fitch Discount Factor applied to Middle Market Bank Preferred Stock is 266%.

  • The authorized capital stock of Target Bank consists of 10,000,000 shares of Target Bank Common Stock, of which 3,062,358 shares were issued and outstanding and owned by Target as of the date of this Agreement, and 10,000,000 shares of Target Bank Preferred Stock, of which no shares were issued and outstanding as of the date of this Agreement.

  • The authorized capital stock of the Bank consists of 19,000,000 shares of common stock, par value $0.01 per share (the “Bank Common Stock”) and 1,000,000 shares of preferred stock, par value $0.01 per share (the “Bank Preferred Stock’), of which 100 shares of Bank Common Stock and no shares of Bank Preferred Stock are issued and outstanding as of the date hereof.

  • The authorized capital stock of Company Bank consists of 10,000,000 shares of Company Bank Common Stock, of which 85,000 shares were issued and outstanding and owned by Company as of the date of this Agreement, and 10,000,000 shares of Company Bank Preferred Stock, of which, as of the date of this Agreement, zero shares were issued and outstanding.

  • Seller Bank shall call for redemption at the ---------------------- earliest practicable date permitted pursuant to the related certificate of designation all issued and outstanding shares of Seller Bank Preferred Stock.

  • At any time on or after May 16, 2020, the Bank Preferred Stock may be redeemed at the option of the Bank, in whole or in part, upon payment in cash of a redemption price equal to $1,000 per share, plus accrued and unpaid dividends for the then-current semi-annual dividend period, but without accrual or payment of unpaid dividends for prior dividend periods.

  • See "Risk Factors" on page 7 for a discussion of certain factors which should be considered in connection with an investment in the Bank Preferred Stock.

  • As of the date of this Agreement, the authorized capital stock of Reliant Bank consists of (i) 10,000,000 shares of Reliant Bank Common Stock, of which 3,062,358 shares are issued and outstanding and owned by Reliant, and (ii) 10,000,000 shares of Reliant Bank Preferred Stock, no shares of which are issued and outstanding.

  • Dividends on the Bank Preferred Stock, if declared, will be paid semiannually in arrears on April 30 and October 31 of each year, commencing on the issuance of the Bank Preferred Stock.


More Definitions of Bank Preferred Stock

Bank Preferred Stock means the 11-1/2% Noncumulative Preferred Stock issued by the Bank or, at the Company's election, other Preferred Stock of the Bank issued to Refinance such stock in an aggregate liquidation value at no time exceeding the sum of the liquidation value of the Bank Preferred Stock on the date of the First Supplemental Indenture to this Indenture plus reasonable fees and expenses incurred in connection with such Refinancing and accrued dividends and premium, if any."
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Bank Preferred Stock means the Series A preferred stock of the Bank, received for issuance by the Bank upon the occurrence of an Automatic Exchange.
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Bank Preferred Stock shall have the meaning ascribed thereto in the -------------------- recitals to Amendment No. 1.
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Bank Preferred Stock means (i) the 11-1/2% Noncumulative Perpetual Preferred Stock issued by the Bank, (ii) the 10-5/8% Noncumulative Perpetual Preferred Stock issued by the Bank, (iii) the 9-1/8% Noncumulative Exchangeable Preferred Stock, Series A, issued by California Federal Preferred Capital Corporation, (iv) the Preferred Stock, Series E, issued by Glendale Federal and (v) at Holdings' election, other Preferred Stock of the Bank or any Subsidiary of the Bank issued to Refinance stock described in the foregoing clauses (i) through (iv) in an aggregate liquidation value at no time exceeding the sum of the liquidation value of the stock to be Refinanced on the Issue Date plus reasonable fees and expenses incurred in connection with such Refinancing and accrued dividends and premium, if any.
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Bank Preferred Stock means the $20.00 par value noncumulative convertible perpetual preferred stock of the Bank.
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Related to Bank Preferred Stock

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

  • Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Equivalent Preferred Stock shall have the meaning set forth in Section 11(b) hereof.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Qualified Preferred Stock means any preferred capital stock of Holdings or Lead Borrower so long as the terms of any such preferred capital stock (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision prior to the 91st day after the Latest Maturity Date as of the date such Qualified Preferred Stock was issued other than (i) provisions requiring payment solely (or with provisions permitting Holdings or Lead Borrower, as applicable, to opt to make payment solely) in the form of common Equity Interests, Qualified Preferred Stock of Holdings or Lead Borrower or cash in lieu of fractional shares, as applicable, or any Equity Interests of any direct or indirect Parent Company of Holdings or Lead Borrower, as applicable, (ii) provisions requiring payment solely as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale are subject to the payment in full of all Obligations in cash (other than unasserted contingent indemnification obligations) or such payment is otherwise permitted by this Agreement (including as a result of a waiver or amendment hereunder) and (iii) with respect to preferred capital stock issued to any plan for the benefit of employees of Holdings or Lead Borrower, as applicable, or its Subsidiaries or by any such plan to such employees, provisions requiring the repurchase thereof in order to satisfy applicable statutory or regulatory obligations and (y) give Holdings or Lead Borrower the option to elect to pay such dividends or distributions on a non-cash basis or otherwise do not require the cash payment of dividends or distributions at any time that such cash payment is not permitted under this Agreement or would result in an Event of Default hereunder.

  • Designated Preferred Stock means Preferred Stock of the Issuer or any direct or indirect parent of the Issuer (other than Disqualified Stock), that is issued for cash (other than to the Issuer or any of its Subsidiaries or an employee stock ownership plan or trust established by the Issuer or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officer’s Certificate, on the issuance date thereof.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Preferred Stock Equivalents shall have the meaning set forth in Section 11(b) hereof.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.

  • Equivalent Preferred Shares shall have the meaning set forth in Section 11(b) hereof.

  • Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Voting Preferred Stock means, with regard to any matter as to which the holders of Series T are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series T) that rank equally with Series T either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.