Series O Preferred Stock definition

Series O Preferred Stock means the shares of the Corporation’s Series O 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.

Series O Preferred Stock means the shares of the Corporation’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series O, $1.00 par value, with a liquidation preference of $100,000 per share, designated in the Statement and described in the Officer’s Certificate delivered pursuant to Section 2.2 hereof.

Series O Preferred Stock means the preferred stock, $0.001 par value per share, of the Company designated as the “Series O Convertible Preferred Stock” in the Company’s certificate of incorporation in effect as of the date of this Agreement.

Examples of Series O Preferred Stock in a sentence

• Dividends on shares of Series O Preferred Stock shall be non-cumulative.

• The holders of Series O Preferred Stock shall not be entitled to any further payments in the event of any such voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation other than what is expressly provided for in this Section 5.

• Notwithstanding the foregoing, if the Series O Preferred Stock is held in book-entry form through DTC, the Corporation may give such notice in any manner permitted by DTC.

• Any notice mailed as provided in this Section 6(b) shall be conclusively presumed to have been duly given, whether or not the holder receives such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing thereof, to any holder of shares of Series O Preferred Stock designated for redemption shall not affect the validity of the proceedings for the redemption of any other shares of Series O Preferred Stock.

• Shares of Series O Preferred Stock are not subject to the operation of a sinking fund.

• 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 O Preferred Stock shall be redeemed from time to time.

• The record date for payment of dividends on the Series O Preferred Stock shall be the last Business Day of the calendar month immediately preceding the month during which the Dividend Payment Date falls or such other date as determined by the Corporation’s Board of Directors.

• Each share of Series O Preferred Stock shall be identical in all respects to every other share of Series O Preferred Stock except with respect to the date from which dividends may accrue.

• The Corporation, at the option of its Board of Directors or any duly authorized committee of the Board of Directors of the Corporation, may redeem, subject to the prior approval of the Federal Reserve Board, out of funds legally available therefor, in whole or in part, the shares of Series O Preferred Stock at the time outstanding, at any time on any Dividend Payment Date on or after December 15, 2017, upon notice given as provided in Section 6(b) below.

• Dividends on each share of Series O Preferred Stock will accrue at a rate per annum equal to 5.125%.

More Definitions of Series O Preferred Stock

Series O Preferred Stock means the Series O Convertible Preferred Stock of the Company, $.01 par value per share.

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

Series O Preferred Stock means the Series O Convertible Preferred Stock issued by Geotek ranking (i) prior to the Common Stock, (ii) junior to the Series H Preferred Stock, Series I Preferred Stock, Series K Preferred Stock, Series L Preferred Stock, Series M Preferred Stock, and Series N Preferred Stock and (iii) pari passu with the Series P Preferred Stock, Series Q Preferred Stock, and Series T Preferred Stock.

Series O Preferred Stock means the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series O, of the Corporation.

Series O Preferred Stock means the up to 11,000 shares of the Company’s Series O Redeemable Convertible Preferred Stock issued hereunder having the rights, preferences and privileges set forth in the Series O Certificate of Designation, in the form of Exhibit A hereto.