Examples of Convertible Preferred Shares in a sentence
Total investment by FHIF in Convertible Preferred Shares will not exceed 15% of its Net Asset Value; • Certificates of Investment issued by financial institutions having a minimum of A- (minus) rating by a credit rating agency approved by the Commission or State Bank of Pakistan; • Bank deposits; • Reverse Repo Transactions; • Units/Certificates of any other Money Market Fund or any other Money Market Instrument.
Reference is made to the terms (the “Terms”), of the Series 2 Convertible Preferred Shares of Tidal Royalty Corp.
The authorized share capital of the Company consists of an unlimited number of Common Shares without nominal or par value and an unlimited number of preferred shares, of which 11,638,107 Common Shares and 6,750,000 Convertible Preferred Shares are issued and outstanding as at ⧫, 2019.
The Company has all requisite corporate power and authority to execute and deliver this Agreement, to issue and sell the Securities, to issue the Conversion Shares upon conversion of the Convertible Preferred Shares and to carry out the provisions of this Agreement and the Registration Rights Agreements.
Subject to the terms and conditions of this Agreement, the Investor agrees to convert the Debt for ___________ Series BL Convertible Preferred Shares (the “Preferred Shares”), which shall be issued by the Company.