Series P Preferred Stock definition

Series P Preferred Stock means Cinemex's registered, preferred, Series "P" non par value shares.

Series P Preferred Stock means the shares of the Corporation’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series P, $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 P Preferred Stock has the meaning set forth in Section 1 hereof.

Examples of Series P Preferred Stock in a sentence

• The Corporation shall have the authority to issue fractional shares of Series P Preferred Stock.

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

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

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

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

• If the assets of the Corporation are not sufficient to pay in full the Liquidation Preference to all holders of Series P Preferred Stock and all holders of any Parity Stock, the amounts paid to the holders of Series P Preferred Stock and to the holders of all Parity Stock shall be pro rata in accordance with the respective aggregate liquidation preference of Series P Preferred Stock and all such Parity Stock.

• Dividends on each share of Series P Preferred Stock will accrue at a rate per annum equal to 5.25%.

• The redemption price for shares of Series P Preferred Stock shall be $25,000 per share plus an amount equal to any dividends that have been declared but not paid up to the redemption date without accumulation of any undeclared dividends.

• 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 P Preferred Stock at the time outstanding, at any time on any Dividend Payment Date on or after June 15, 2018, upon notice given as provided in Section 6(b) below.

• If the Liquidation Preference has been paid in full to all holders of Series P Preferred Stock and all other amounts payable upon liquidation, dissolution or winding up of the Corporation have been paid in full to all holders of any Parity Stock, the holders of Common Stock and any other Junior Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

More Definitions of Series P Preferred Stock

Series P Preferred Stock shall have the meaning set forth in the recitals hereto.

Series P Preferred Stock means the preferred stock of the Parent designated as such having the rights, preferences, limitations and restrictions set forth on Exhibit C.

Series P Preferred Stock means the Series P 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 O Preferred Stock, Series Q Preferred Stock, and Series T Preferred Stock.

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

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

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