Class B Preference Shares definition

Class B Preference Shares means the Class B Preference Shares in the capital of Hydro One Inc.

Class B Preference Shares means the no par value Class B preference Shares having the rights set out in this Memorandum;

Class B Preference Shares means the Class B Preference Shares of the Co-operative, and “Class B Preference Share” shall mean one of them;

Examples of Class B Preference Shares in a sentence

• If, prior to the exercise by the holder of any Class A Preference Series 1 Shares of his aforesaid conversion right, the number of outstanding Class A Preference Series 1 Shares or Common Shares or Class B Preference Shares shall be subdivided or consolidated, the number of Common Shares or Class B Preference Shares into which such holder may convert his Class A Preference Series 1 Shares shall be proportionately increased or reduced, as the case maybe.

• The holders of the Class B Preference Shares shall be entitled to receive and the Corporation shall pay thereon as and when declared by the Board of Directors out of the monies of the Corporation properly applicable to the payment of dividends, fixed preferential non-cumulative cash dividends at the rate of $0.0024 per Class B Preference Share, payable annually on dates in each fiscal year of the Corporation to be fixed from time to time by resolution of the Board of Directors.

• As of the date hereof, 19,339,211 Genterra Common Shares, 326,000 Genterra Class A Series 1 Preference Shares and 26,274,918 Genterra Class B Preference Shares were issued and outstanding.

• After payment to the holders of the Class B Preference Shares of the amount so payable to them as above provided they shall not be entitled to share in any further distribution of the property or assets of the Corporation.

• From and after the date specified for redemption in any such notice, the Class B Preference Shares called for redemption shall cease to be entitled to dividends and the holders thereof shall not be entitled to exercise any of the rights of shareholders in respect thereof unless payment of the redemption price shall not be made upon presentation of certificates in accordance with the foregoing provisions, in which case the rights of the shareholders shall remain unaffected.

More Definitions of Class B Preference Shares

Class B Preference Shares not being Ordinary Shares, means convertible preference shares with such rights, privileges and conditions attached thereto as prescribed in these Articles and shall include any Dividend Shares issued to the Class B Preference Shareholders as specie dividend. It being clarified that such Dividend Shares will carry the same rights, privileges and conditions as are available

Class B Preference Shares means the Class B Preference Shares, issuable in series, of BRP Equity. “Code” means the Code of Business Conduct and Ethics of Brookfield Renewable.

Class B Preference Shares means the Class B preference shares in the capital of the Corporation;

Class B Preference Shares means BRP Equity’s Class B Preference Shares, issuable in series. “Co-gen” means gas-fired co-generation.

Class B Preference Shares means the class B preference shares to be issued by YeboYethu to Vodacom Group in step 6 (paragraph 3.6). The number of class B preference shares to be issued is dependent on the number of class A preference shares issued, as more fully set out in paragraph 3.6. At an assumed fourth implementation day VGL VWAP of R121.19, the number of class B preferences to be issued in this step is 5 284 708;

Class B Preference Shares means the cumulative, fixed rate, redeemable Class B preference shares with a par value of ZAR0.01 (one cent) each in the capital of the Company;

Class B Preference Shares the redeemable convertible preference shares issued by the Company on [ ], the terms of which are attached as Annexure B;