Preferred Stock Series A definition
Examples of Preferred Stock Series A in a sentence
Prior to the First Closing, the Company intends to conduct exchange offers (the “Exchange Offers”) pursuant to which the Company will offer to exchange each share of the Non-Convertible Non-Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred Stock”) for Common Shares and each share of the Non-Convertible Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”) for Common Shares, in each case on the terms set forth on Schedule II hereto.
Employee acknowledges that the Preferred Stock, Series A, bear no voting rights.
Employee shall have all rights as a shareholder of Preferred Stock, Series A, with respect to the Shares, except to the extent that such rights as a share owner would cause the Plan not to comply with Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
The Shares shall be made available from authorized and unissued Preferred Stock, Series A, of the Company or from shares of Preferred Stock, Series A, held by the Company as treasury stock.
Each Right entitles the registered holder to purchase from the Company a unit consisting of one one-thousandth of a share (a “Unit”) of a newly authorized series of Junior Participating Preferred Stock, Series A, par value $1.00 per share (the “Preferred Stock”), at a purchase price of $140.00 per Unit, subject to adjustment (the “Purchase Price”).
First Merchants has designated 116,000 of those shares of First Merchants Preferred Stock as Fixed Rate Cumulative Perpetual Preferred Stock, Series A authorized, $1,000 per share liquidation amount, no shares of which are issued and outstanding.
For value received, the Corporation hereby grants to Employee the number of shares of its Preferred Stock, Series A ("Shares"), set forth on Schedule 1, attached hereto and made a part hereof ("Award").
The Company shall not issue any Preferred Stock, Series A, unless and until a Certificate of Determination is filed by the Company.
The above Preferred Stock, Series A, is subject to certain redemption, conversion and other rights and restrictions set forth in a Certificate of Determination filed by the Company.
The United States Department of Treasury (“Treasury”) holds (i) 51,500 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, par value $10.00 per share and liquidation amount $1,000 per share (the “TARP Preferred Stock”), and (ii) a warrant, dated February 13, 2009, to purchase 2,207,143 shares of the Common Stock at an exercise price of $3.50 per share (the “TARP Warrant”).