Noncumulative perpetual preferred stock definition

Noncumulative perpetual preferred stock means perpetual preferred stock (and related surplus) where the issuer has the option to waive payment of dividends and where the dividends so waived do not accumulate to future pe- riods nor do they represent a contin- gent claim on the issuer. Preferred stock issues where the dividend is reset periodically based, in whole or in part, upon the bank’s current credit stand- ing, including but not limited to, auc- tion rate, money market and re- marketable preferred stock, are ex- cluded from this definition of non- cumulative perpetual preferred stock, regardless of whether the dividends are cumulative or noncumulative.
Sample 1Sample 2Sample 3
Noncumulative perpetual preferred stock means perpetual preferred stock (and related surplus) where the issuer has the option to waive payment of dividends and where the dividends so waived do not accumulate to future periods nor do they represent a contingent claim on the issuer.
Sample 1Sample 2Sample 3

Examples of Noncumulative perpetual preferred stock in a sentence

  • Noncumulative perpetual preferred stock (included and reported in “Total equity capital,” on Schedule HC).....................................................

  • Noncumulative perpetual preferred stock and related surplus included in Schedule RC, ..

  • Noncumulative perpetual preferred stock ....................................................................................................................................................

  • Noncumulative perpetual preferred stock (included and reported in "Total equity capital," on Schedule HC) ....................................................

  • Noncumulative perpetual preferred stock (included and reported in "Total equity capital," on Schedule HC) ..........................................

  • Noncumulative perpetual preferred stock (included and reported in "Total equity capital," on Schedule HC) .................................................

  • Non-cumulative perpetual preferred stock and its capital stock premium.

  • Noncumulative perpetual preferred stock and related surplus included in Schedule RC, ...

  • Noncumulative perpetual preferred stock and related surplus included in Schedule RC, = ...= item 23, "Perpetual preferred stock and related surplus” ............................................................

  • Noncumulative perpetual preferred stock (included and reported in “Total equity capital,” on Schedule HC)............................................................

Related to Noncumulative perpetual preferred stock

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

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E 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.

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

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

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

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

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

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

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 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 Parity Stock means, with regard to any matter as to which the holders of Designated Preferred Stock are entitled to vote as specified in Sections 7(a) and 7(b) of these Standard Provisions that form a part of the Certificate of Designations, any and all series of Parity Stock upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

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

  • Preferred Unit means a fractional share of the Partnership Interests that the General Partner has authorized pursuant to Sections 4.01, 4.03 or 4.04 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the OP Units.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.

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