TARP Securities definition

TARP Securities includes any preferred stock and warrants sold to the United States Department of the Treasury pursuant to the TARP Capital Purchase Plan and any shares of common stock issued upon exercise or conversion thereof.
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TARP Securities means the 11,550.55055 shares of Capital Stock of F&M that have been issued to the United States Department of Treasury in the form of 11,000 shares designated as Fixed Rate Cumulative Perpetual Preferred Stock, Series A, and 550.55055 shares designated as Fixed Rate Cumulative Perpetual Preferred Stock, Series B, and any preferred equity interests of Borrower on substantially the same terms and conditions as such Capital Stock issued to the United States Department of Treasury in replacement of such Capital Stock pursuant to the requirements of the F&M Purchase Agreement.
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TARP Securities means shares of preferred stock ,related warrants to purchase common stock and shares of common stock issued upon exercise of such warrants issued by the Company which are purchased by the U.S. Treasury or its designee(s) pursuant to the Emergency Economic Stabilization Act or the regulation or polices of the U.S. Treasury thereunder.
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Examples of TARP Securities in a sentence

  • Other than any agreement concerning TARP Securities, the Issuer will not enter into, and is not currently a party to, any agreement which is, or could be, inconsistent with the rights granted to the holders of Registrable Securities by this Agreement.

  • Without limiting the foregoing (but subject to Section 2.7), if after the date hereof the Issuer grants any Person (other than a holder of Registrable Securities or TARP Securities) any rights to demand or participate in a registration, the Issuer agrees that the agreement with respect thereto shall include such Person’s agreement as contemplated by the previous sentence.

  • As of the close of business on the Capitalization Date, other than in respect of the Convertible Preferred Stock, the TARP Securities, the Management Equity, the Investor Warrants, the Management Purchased Shares, the Flagstar Bancorp, Inc.

  • For the avoidance of doubt, each Investor will receive a copy of each additional or modified agreement (including any Subscription Agreements entered into with the Local Investors and any TARP Securities Purchase Agreements) proposed with one or more other investors.

  • Borrower shall have delivered to Lender a fully executed copy of the F&M Purchase Agreement and the documentation evidencing the Trust Preferred Indebtedness and the TARP Securities.

  • Issue, sell or otherwise permit to become outstanding, or dispose of or encumber or pledge, or authorize or propose the creation of, any additional shares of its stock or any additional options or other rights, grants or awards with respect to the Common Stock, except the TARP Securities, the Management Purchased Shares, the Investor Warrants and any shares of Common Stock issued pursuant to the exercise of outstanding stock options or vesting of restricted stock.

  • Immediately following the TARP Purchase, Opus intends to deliver the TARP Securities to CFC for cancellation.

  • Upon receipt by Treasury of the payment contemplated by the Treasury Letter from Parent, the TARP Purchase shall have been consummated on the terms and subject to the conditions set forth in the Treasury Letter and the TARP Securities shall have been cancelled in their entirety or Treasury shall have otherwise authorized cancellation of the TARP Securities.

  • On the Effective Date (as defined), Opus shall cause Merger Sub to purchase from the Treasury the TARP Securities and the right to receive all accrued but unpaid dividends on the TARP Preferred Stock on the terms and subject to the conditions set forth in a letter dated March 3, 2011 from the Treasury to Opus (the “Treasury Letter”) (collectively, the “TARP Purchase”).

  • To the knowledge of the Company, there has been no ownership change as defined in Section 382 of the Code with respect to any member of the Group, and neither the issuance of Securities under this Agreement nor any contemplated sales of TARP Securities would result in such an ownership change.


More Definitions of TARP Securities

TARP Securities has the meaning set forth in the recitals to this Agreement.
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Related to TARP Securities

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • Lock-Up Securities has the meaning assigned to such term in Section 3.5.

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • Partnership Securities has the meaning assigned to such term in Section 4.4(a).

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.