Series C NVCE Stock definition

Series C NVCE Stock means the Series C Non-Voting Common Equivalent Stock, par value $0.001 per share, of the Corporation, issuable upon conversion of a Warrant.
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Series C NVCE Stock has the meaning specified in Section I.
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Examples of Series C NVCE Stock in a sentence

  • Any shares of Series C NVCE Stock that have been duly converted in accordance with this Certificate of Designations, or reacquired by the Corporation, shall be cancelled promptly thereafter and revert to authorized but unissued shares of Preferred Stock undesignated as to series.

  • The total number of authorized shares of Series C NVCE Stock shall be 22,239.

  • The Series C NVCE Stock is intended to qualify as common equity tier 1 capital for purposes of 12 C.F.R. Section 217.20(b)(1) (or any successor regulation), and the terms of this Certificate of Designation shall be interpreted, construed and applied to achieve such regulatory capital treatment.

  • The Corporation may not, at any time, redeem the outstanding shares of the Series C NVCE Stock, other than as otherwise expressly set forth in Section VII with the prior approval of the Board to the extent otherwise required by law or regulation.

  • The shares of Series C NVCE Stock shall not be convertible into any other class of capital stock of the Corporation, except in accordance with this Section III.

  • The Series C NVCE Stock shall be perpetual, unless converted in accordance with this Certificate of Designations.

  • Shares of Series C NVCE Stock are not subject to the operation of a sinking fund.

  • Notwithstanding anything to the contrary contained in this Certificate of Designations, no shares of Series C NVCE Stock shall be issued in physical, certificated form.

  • Subject to the limitations imposed herein, the Corporation may purchase and sell shares of Series C NVCE Stock from time to time to such extent, in such manner, and upon such terms as the Board or any duly authorized committee of the Board may determine; provided that any repurchase of shares of Series C NVCE Stock by the Corporation shall require prior approval of the Board to the extent otherwise required by law or regulation.

  • The Corporation may from time to time take such appropriate action as may be necessary to reduce the authorized number of shares of Series C NVCE Stock solely in accordance with the foregoing.

Related to Series C NVCE Stock

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

  • Affiliate of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Common Stock means the common stock of the Company.

  • Securities has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture.

  • Share means a share of the Common Stock, as adjusted in accordance with Section 13 of the Plan.

  • Holder means a Person in whose name a Note is registered.

  • Securities Act means the Securities Act of 1933, as amended.

  • Trading Day means a day on which the principal Trading Market is open for trading.

  • Option means a stock option granted pursuant to the Plan.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Company has the meaning set forth in the Preamble.

  • Board of Directors means the board of directors of the Company.

  • Change of Control means the occurrence of any of the following:

  • Indebtedness means, with respect to any Person, without duplication:

  • price means an amount of money tendered for goods or services, and includes all applicable taxes less all unconditional discounts;

  • Purchaser means the organization purchasing the goods.

  • S&P means Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc. and any successor thereto.

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • Maturity Date shall have the meaning assigned to such term in Exhibit A.

  • Director means a member of the Board.

  • Register has the meaning specified in Section 10.06(c).