Pari Passu Securities definition

Pari Passu Securities means any class or series of capital stock of the Company hereafter created specifically ranking, by its terms, on parity with the Designated Preferred Stock as to distribution of assets upon liquidation, dissolution or winding up of the Company, whether voluntary or involuntary.

Pari Passu Securities means any securities ranking by their terms pari passu with the Series A Preferred Stock in respect of redemption or distribution upon liquidation.

Pari Passu Securities means (i) the Company’s 5.875% Fixed-to-Floating Rate Junior Subordinated Notes due 2042, (ii) the Company’s 5.625% Fixed-to-Floating Rate Junior Subordinated Notes due 2043, (iii) the Company’s 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044, (iv) the Company’s 5.75% Junior Subordinated Notes due 2052, (v) the Company’s 5.70% Junior Subordinated Notes due 2053 and (vi) the Company’s 8.875% Fixed-to-Floating Rate Junior Subordinated Notes due 2068.

Examples of Pari Passu Securities in a sentence

• The Liquidation Preference with respect to any Pari Passu Securities shall be as set forth in the Certificate of Designation filed in respect thereof.

• The Liquidation Preference with respect to any Pari Passu Securities, if any, shall be as set forth in the Certificate of Designation filed in respect thereof.

• The liquidation preference with respect to any Pari Passu Securities shall be as set forth in the Certificate of Designation filed in respect thereof.

• When dividends are not paid in full or a sum sufficient for such payment is not set apart, as aforesaid, all dividends declared upon shares of the Series A Preferred Stock and all dividends declared upon any other class or series of Pari Passu Securities shall be declared ratably in proportion to the respective amounts of dividends accumulated and unpaid on the Series A Preferred Stock and accumulated and unpaid on such Pari Passu Securities.

• When dividends are not paid in full or a sum sufficient for such payment is not set apart, as aforesaid, all dividends declared upon shares of the Series B Preferred Stock and all dividends declared upon any other class or series of Pari Passu Securities shall be declared ratably in proportion to the respective amounts of dividends accumulated and unpaid on the Series B Preferred Stock and accumulated and unpaid on such Pari Passu Securities.

More Definitions of Pari Passu Securities

Pari Passu Securities means (i) indebtedness (A) the terms of which provide that such indebtedness ranks equally with the ICONs and (B) that qualifies or is issued to financing vehicles issuing securities that qualify as Tier 1 capital of the Company under the capital guidelines of the FRB; and (ii) guarantees of indebtedness described in clause (i) or securities issued by one or more financing vehicles described in clause (i)(B).

Pari Passu Securities means any securities ranking by their terms pari passu with the Preferred Stock in respect of payment of dividends, redemption or distribution upon liquidation.

Pari Passu Securities means (i) indebtedness (A) the terms of which provide that such indebtedness ranks equally with the Junior Subordinated Debentures in right of payment and upon liquidation and (B) that qualifies or is issued to financing vehicles issuing securities that qualify as Tier 1 capital of the Guarantor under the capital guidelines of the Federal Reserve (as defined in the Trust Agreement); and (ii) guarantees of indebtedness described in clause (i) or securities issued by one or more financing vehicles described in clause (i)(B).

Pari Passu Securities means (i) the Company’s 5.875% Fixed to Floating Rate Junior Subordinated Notes due 2042, (ii) the Company’s 5.625% Fixed-to-Floating Rate Junior Subordinated Notes due 2043, (iii) the Company’s 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044, (iv) the Company’s 5.375% Fixed-to-Floating Rate Junior Subordinated Notes due 2045, (v) the Company’s 4.500% Fixed-to-Floating Rate Junior Subordinated Notes due 2047, (vi) the Company’s 5.700% Fixed-to-Floating Rate Junior Subordinated Notes due 2048, (vii) the Company’s 3.700% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2050, (viii) the Company’s 5.625% Junior Subordinated Notes due 2058 and (ix) the Company’s 4.125% Junior Subordinated Notes due 2060.

Pari Passu Securities means debt securities of the Issuer that rank in right of payment upon liquidation on a parity with the Debentures, and includes the Debentures.

Pari Passu Securities means indebtedness of the Company that ranks in right of payment upon liquidation on a parity with the Debentures, and includes the Debentures.

Pari Passu Securities means any of the Corporation's equity securities (whether or not currently authorized or outstanding) that by its terms are pari passu, other than with respect to the Liquidation Preference, with the Series A Preferred.