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 (i) the Company’s 8.875% Fixed-to-Floating Rate Junior Subordinated Notes due 2068, (ii) the Company’s 9.0% Junior Subordinated Notes due 2068, (iii) the Company’s 5.875% Fixed-to-Floating Rate Junior Subordinated Notes due 2042 (iv) the Company’s 5.625% Fixed-to-Floating Rate Junior Subordinated Notes due 2043 and (v) the Company’s 5.75% Junior Subordinated Notes due 2052.

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).

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.

• If the aggregate principal amount of Securities surrendered by Holders thereof and other Pari Passu Securities surrendered by holders or lenders, collectively, exceeds the amount of Excess Proceeds, the Trustee shall select the Securities to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Securities and Pari Passu Securities.

• In addition, the Issuer will take any and all other actions required by the agreements governing the Pari Passu Securities.

More Definitions of Pari Passu Securities

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 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 securities ranking by their terms pari passu with the Preferred Stock in respect of payment of dividends, redemption or distribution upon liquidation. Permitted Debt shall mean the following:

Pari Passu Securities means (a) indebtedness (1) the terms of which provide that such indebtedness ranks equally with the Junior Subordinated Debentures and (2) that qualifies as, or is issued to financing vehicles issuing securities that qualify as, Tier 1 capital of the Company at the time of issuance under the capital guidelines of the FRB; and (b) guarantees of indebtedness described in clause (a) (1) or securities issued by one or more financing vehicles described in clause (a)(2).

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.

Pari Passu Securities means any Common Stock held by a Pari Passu Holder that would qualify as Registrable Securities hereunder if the Investor held such securities.