Series U Preferred Stock definition

Series U Preferred Stock means our Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U;

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

Series U Preferred Stock means ourFixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U;

Examples of Series U Preferred Stock in a sentence

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

• The holders of Series U 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.

• Notwithstanding the foregoing, if the Series U Preferred Stock is held in book-entry form through DTC, the Corporation may give such notice in any manner permitted by DTC.

• Notice of every redemption of shares of Series U Preferred Stock shall be mailed by first class mail, postage prepaid, addressed to the holders of record of such shares to be redeemed at their respective last addresses appearing on the stock register of the Corporation.

• Any notice mailed as provided in this Section 6(b) shall be conclusively presumed to have been duly given, whether or not the holder receives such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing thereof, to any holder of shares of Series U Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of Series U Preferred Stock.

• The holders of Series U Preferred Stock shall not have any rights of preemption or rights to convert such Series U Preferred Stock into shares of any other class of capital stock of the Corporation.

• The Corporation shall have the authority to issue fractional shares of Series U Preferred Stock.

• Dividends on shares of Series U Preferred Stock shall be non-cumulative.

• If the assets of the Corporation are not sufficient to pay in full the Liquidation Preference to all holders of Series U Preferred Stock and all holders of any Parity Stock, the amounts paid to the holders of Series U Preferred Stock and to the holders of all Parity Stock shall be pro rata in accordance with the respective aggregate liquidation preference of Series U Preferred Stock and all such Parity Stock.

• To the extent the Corporation declares dividends on the Series U Preferred Stock and on any Parity Stock but cannot make full payment of those declared dividends, the Corporation will allocate the dividend payments on a proportional basis among the holders of shares of Series U Preferred Stock and the holders of any Parity Stock then outstanding where the terms of such Parity Stock provide similar dividend rights.

More Definitions of Series U Preferred Stock

Series U Preferred Stock means shares of the Company’s 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U, no par value, with a liquidation preference amount of $25,000 per share, designated and described in the Certificate of Designation.

Series U Preferred Stock means the 10% Senior Exchangeable Preferred Stock, Series U, liquidation preference $1,000 per share of the Corporation issued pursuant to this Certificate of Designation.

Series U Preferred Stock means the shares of the Corporation’s 6.000% Fixed-Rate Reset Non- Cumulative Perpetual Preferred Stock, Series U, $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 U 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 U PREFERRED STOCK; EXECUTION AND DELIVERY, TRANSFER, SURRENDER AND REDEMPTION OF RECEIPTS Section 2.1

Series U Preferred Stock means shares of the Company’s 5.875% Fixed-to- Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U, no par value, with a liquidation preference amount of $25,000 per share, designated and described in the Certificate of Designation.