Series N Preferred Stock definition

Series N Preferred Stock means the Corporation's Series N Senior Convertible Preferred Stock, par value $0.001 per share, and stock of any other class of securities into which such securities may hereafter be reclassified or changed.

Series N Preferred Stock means the shares of the Company’s Series N Perpetual Non-cumulative Fixed-to-Floating Rate Preferred Stock reserved for issuance.

Series N Preferred Stock means the shares of the Corporation’s 4.800% Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, $5.00 par value, with a liquidation preference of $25,000 per share, designated in the Articles of Amendment and described in the Officer’s Certificate delivered pursuant to Section 2.2 hereof.

Examples of Series N Preferred Stock in a sentence

• Subject to the provisions of this Section 6, the Board of Directors of the Corporation or any duly authorized committee of the Board of Directors shall have full power and authority to prescribe the terms and conditions upon which shares of Series N Preferred Stock shall be redeemed from time to time.

• Upon the vesting of such right of such holders, the maximum authorized number of members of the Board of Directors shall automatically be increased by two and the two vacancies so created shall be filled by vote of the holders of the outstanding Series N Preferred Stock (together with the holders of shares of any one or more other series of Voting Parity Stock).

• To the extent the Corporation declares dividends on the Series N 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 N Preferred Stock and the holders of any Parity Stock then outstanding where the terms of such Parity Stock provide similar dividend rights.

• Any Preferred Stock Director may be removed at any time without cause by the holders of a majority of the outstanding shares of Series N Preferred Stock and Voting Parity Stock, when they have the voting rights described above (voting together as a class).

• Upon any termination of the right of the holders of all shares of Series N Preferred Stock and Voting Parity Stock to vote for Preferred Stock Directors, the term of office of all Preferred Stock Directors then in office elected by only those holders voting as a class shall terminate immediately.

More Definitions of Series N Preferred Stock

Series N Preferred Stock means the Adjustable Rate Cumulative Preferred Stock, Series N, stated value $100 per share (par value $1 per share), of the Corporation.

Series N Preferred Stock means collectively, all issued and outstanding shares of Series N Preferred Stock. The Series N Preferred Stock shall have no par value.

Series N Preferred Stock means the 5.25% Series N Cumulative Preferred Stock, par value $0.001 per share, of the Corporation.

Series N Preferred Stock means the Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N, of the Corporation.

Series N Preferred Stock means the Series B Preferred Stock, par value $[Amount] per share, of the Company.

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

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