TARP Preferred Stock definition

TARP Preferred Stock means senior perpetual Preferred Stock initially issued to Treasury qualifying as Tier 1 capital pursuant to the Program Documentation.

TARP Preferred Stock means the Series D Preferred Stock of the Company, par value $5.00 per share, issued to the Treasury Department.

TARP Preferred Stock has the meaning set forth in Recital D.

Examples of TARP Preferred Stock in a sentence

• As of the date hereof, there are 21,247,225 shares of Common Stock outstanding and 110,000 shares of TARP Preferred Stock and no other Company Preferred Stock outstanding, and the TARP Warrant allows for the purchase of 7,399,103 shares of Common Stock by the Treasury at an exercise price of $2.23 per share.

• The earnings deficiency is a result of the accelerated accretion of $4.0 billion recorded as a result of the repurchase of TARP Preferred Stock.

• The authorized Capital Stock of the Company consists of (i) 100,000,000 shares of Common Stock and (ii)1,000,000 shares of preferred stock (including shares of Series A Preferred Stock, Series B Preferred Stock and TARP Preferred Stock) (the “Company Preferred Stock”).

• As of the close of business on May 14, 2010 (the “Capitalization Date”), there were 22,153,594 shares of Common Stock outstanding and 23,266 shares of Series A Preferred Stock, 37,550 shares of Series B Preferred Stock and 80,347 shares of TARP Preferred Stock outstanding.

• The earnings deficiency is a result of accelerated accretion of $4.0 billion recorded as a result of the repurchase of TARP Preferred Stock.

More Definitions of TARP Preferred Stock

TARP Preferred Stock. Section 2.1.1.2

TARP Preferred Stock means the 14,738 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A, par value $4.00 per share, having a liquidation preference of $1,000 per share, issued to Treasury on May 1, 2009, as part of the Capital Purchase Program established by Treasury under the Emergency Economic Stabilization Act of 2008.

TARP Preferred Stock means preferred stock of the Borrower issued to the U.S. Department of the Treasury, as initial holder, pursuant to the TARP Capital Purchase Program.

TARP Preferred Stock has the meaning set forth in the Recitals.

TARP Preferred Stock has the meaning set forth in the recitals to this Agreement.

TARP Preferred Stock has the meaning set forth in Section 2.02(b)(xv).

TARP Preferred Stock has the meaning set forth in Section 3.1(g).