Series T Preferred Stock definition

Series T Preferred Stock means the shares of the Company’s Series T Contingent Convertible Perpetual Non-Cumulative Preferred Stock, no par value and liquidation preference $100,000 per share.

Series T Preferred Stock means shares of the Company’s Non-Cumulative Perpetual Class A Preferred Stock, Series T, no par value, with a liquidation preference amount of $25,000 per share, designated and described in the Certificate of Designation.

Series T Preferred Stock together with the Tidelands Stock, the “Tidelands Capital Stock”). Tidelands Bank has authorized capital stock consisting solely of 10,000,000 shares of common stock, $5.00 par value per share (“Tidelands Bank Stock”), 5,679,118 of which are issued and outstanding as of the date hereof. All of the issued and outstanding shares of Tidelands Capital Stock and Tidelands Bank Stock are duly and validly issued, fully paid and non-assessable and were offered, issued and sold in compliance with all applicable federal and state securities laws. No Person has any right of rescission or, to the knowledge of Tidelands, claim for damages under federal or state securities laws with respect to the issuance of any shares Tidelands Capital Stock or Tidelands Bank Stock previously issued. None of the shares of Tidelands Capital Stock or Tidelands Bank Stock has been issued in violation of any preemptive or other rights of its respective shareholders. All of the issued and outstanding shares of Tidelands Bank Stock are owned by Tidelands. Tidelands Bank has no subsidiaries.

Examples of Series T Preferred Stock in a sentence

• Shares of Series T Preferred Stock are not subject to the operation of a sinking fund.

• Any notice or communication by the Company, any Subsidiary Guarantor or the Trustee to the others is duly given if in writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), facsimile or overnight air courier guaranteeing next day delivery, to the other’s address: If to the Company or any Subsidiary Guarantor: Xxxxxxxxx-UTI Energy, Inc.

• The holders of Series T Preferred Stock shall not be entitled to any further payments in the event of any such voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation other than what is expressly provided for in this Section 5.

• Subject to the provisions of this Section 6, the Board of Directors of the Corporation or any duly authorized committee of the Board of Directors shall have full power and authority to prescribe the terms and conditions upon which shares of Series T Preferred Stock shall be redeemed from time to time.

• If the Liquidation Preference has been paid in full to all holders of Series T Preferred Stock and all other amounts payable upon liquidation, dissolution or winding up of the Corporation have been paid in full to all holders of any Parity Stock, the holders of Common Stock and any other Junior Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

More Definitions of Series T Preferred Stock

Series T Preferred Stock has the meaning set forth in the Recitals.

Series T Preferred Stock means the Company's Series T Convertible ------------------------ Participating Preferred Stock, par value $.01 per share.

Series T Preferred Stock means the Series T Convertible Preferred Stock of the Company, $.01 par value per share.

Series T Preferred Stock means the shares of the Corporation’s 3.400% Fixed-Rate Reset Non- Cumulative Perpetual Preferred Stock, Series T, $1.00 par value, with a liquidation preference of $100,000 per share, designated in the Statement and described in the Officer’s Certificate delivered pursuant to Section 2.3 hereof. “Statement” shall mean the relevant Statement with Respect to Shares filed with the Department of State of the Commonwealth of Pennsylvania establishing the Series T Preferred Stock as a series of preferred stock of the Corporation. “Trust Company” shall mean Computershare Trust Company, N.A. ARTICLE II APPOINTMENT OF DEPOSITARY; BOOK-ENTRY SYSTEM; FORM OF AND TRANSFER OF RECEIPTS; DEPOSIT OF SERIES T PREFERRED STOCK; EXECUTION AND DELIVERY, TRANSFER, SURRENDER AND REDEMPTION OF RECEIPTS Section 2.1

Series T Preferred Stock means the Series T Convertible Preferred Stock issued by Geotek ranking (i) prior to the Common Stock, (ii) junior to the Series H Preferred Stock, Series I Preferred Stock, Series K Preferred Stock, Series L Preferred Stock, Series M Preferred Stock, and Series N Preferred Stock, and (iii) pari passu with the Series O Preferred Stock, Series P Preferred Stock, and Series Q Preferred Stock.

Series T Preferred Stock has the meaning set forth in Section 5.1(h).

Series T Preferred Stock has the meaning set forth in Section 1 hereof.