Title of Shares. Each of the Shares of BVR which will be issued to the Purchaser according to this Agreement, including upon exercise of the Warrant, will be duly authorized, validly issued, fully paid, and non assessable, and free and clear of liens, security interests, pledges, charges and encumbrances.
Title of Shares. As of the date hereof and as of immediately prior to the Closing, Cnova NV holds all the shares issued by Cnova Brazil, which are free and unencumbered of any burden, debts, issue, lien, claim, warranty, interest, restriction, participation or charge or any other ownership limitation (other than any restrictions on transfer arising under applicable securities Laws), and Cnova NV has valid and effective title of the shares. Cnova NV holds the exclusive voting rights, power and authority in relation to such shares, which have been fully and properly paid up. Cnova Brazil has not issued any other shares, commercial paper, bond, note or any title that may entitle any third party to subscribe to or that grants any third party any right to acquire any shares, interest or participation in the capital stock of Cnova Brazil. There is no preemptive right, right of first offer or first refusal or any right whatsoever to acquire, assign or transfer any share issued by Cnova Brazil to any third party.
Title of Shares. 7.25% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) Sole Underwriter: Wxxxx Fargo Securities, LLC Number of Shares: 850,000 shares Public Offering Price: $24.73235 per share Yield (including accrued dividend): 7.328% Yield (excluding accrued dividend): 7.375% Net Proceeds (before expenses) to Issuer: $20,364,470 Maturity: Perpetual (unless the Issuer decides to redeem the shares at its option or, under limited circumstances where the holders of the Series C Preferred Stock have a conversion right, such holders decide to convert the Series C Preferred Stock into the Issuer’s common stock) Trade Date: February 26, 2013 Settlement Date: March 1, 2013 (T+3) Dividend Rate: 7.25% per annum of the $25.00 per share liquidation preference (equivalent to approximately $1.8125 per annum per share) Dividend Payment Dates: Dividends on the Series C Preferred Stock will be payable quarterly in arrears on or about the 15th day of January, April, July and October of each year. The first dividend payment date for the Series C Preferred Stock sold in this offering will be April 15, 2013, and the dividend payable on that date will be in the amount of $0.4027778 per share. If any date on which dividends are first payable is not a business day, then the dividend is paid on the next succeeding business day, and no interest or additional dividends or other sums accrues as a result of any such delay. Dividends on the Series C Preferred Stock will accumulate whether or not the Issuer has earnings, whether or not there are funds legally available for the payment of such dividends and whether or not such dividends are declared. Liquidation Preference: $25.00 per share of Series C Preferred Stock, plus an amount equal to accumulated and unpaid dividends, whether or not authorized or declared.
Title of Shares. Subject to the provisions of Articles 2284 and 2291 of the Federal Civil Code, the SELLER is bound to deliver on this date the administrative document from the CORPORATION, at its address, the final title of shares that protects ownership of the SHARES, to be canceled and the BUYER will be able to request the issue of the corresponding final title. FIFTH.
Title of Shares. 7.625% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) Number of Shares: 10,000,000 shares Overallotment Option: 1,500,000 shares Price to Public: $25.00 liquidation preference per share Maturity: Perpetual (unless redeemed by the Issuer on or after August 27, 2017 or redeemed by the Issuer pursuant to its special optional redemption right or converted by an investor in connection with a Change of Control (defined below)). Trade Date: August 16, 2012 Settlement Date: August 27, 2012 (T+7) Dividend Rate: 7.625% per annum of the $25.00 liquidation preference per share (equivalent to the fixed annual rate of $1.90625 per share).
Title of Shares. The Shareholders, and each of them, are the owners, free and clear of any liens and encumbrances, of the number of Client shares which are listed in the attached schedule and which they have contracted to exchange.
Title of Shares. 6.625% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series A Preferred Shares”) Number of Shares: 4,800,000 Series A Preferred Shares Maturity: Perpetual (unless redeemed by the Issuer pursuant to its optional redemption right on or after June 30, 2026), or its special optional redemption right, or converted by an investor in connection with certain changes of control) Trade Date: June 23, 2021 Settlement Date: June 30, 2021 (T+5). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended (“Exchange Act”), trades in the secondary market are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Series A Preferred Shares before their delivery hereunder will be required, by virtue of the fact that the Series A Preferred Shares initially will settle T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Series A Preferred Shares who wish to trade the Series A Preferred Shares before their delivery hereunder should consult their own advisor. Distribution Rate: 6.625% per annum of the $25.00 liquidation preference (equivalent to $1.65625 per annum per Series A Preferred Share) Distribution Payment Dates: January 15, April 15, July 15 and October 15, commencing October 15, 2021 (long first dividend period) Conversion Rights: Upon the occurrence of a Change of Control, each holder of Series A Preferred Shares will have the right (unless, prior to the Change of Control Conversion Date (as defined below), the Issuer has provided or provides notice of its election to redeem the Series A Preferred Shares) to convert some or all of the Series A Preferred Shares held by such holder on the Change of Control Conversion Date into a number of the Issuer’s common shares of beneficial interest, par value $0.01 per share (“Common Shares”), per Series A Preferred Share to be converted equal to the lesser of: the quotient obtained by dividing (i) the sum of the $25.00 liquidation preference plus the amount of any accrued and unpaid distributions to, but not including, the Change of Control Conversion Date (unless the Change of Control Conversion Date is after a record date for a Series A Preferred Share distribution payment and prior to the corresponding Series A Preferred Share distribution payment date, in which case no additional amount for such accrued and unpaid distr...
Title of Shares. The Shares purchased by the respective Underwriters and any other securities purchased by you hereunder for their respective accounts shall remain the property of such Underwriters until sold and no title to any such Shares or other securities shall in any event pass to you, as Representatives, by virtue of any of the provisions of this Agreement.
Title of Shares. All of the issued and outstanding shares of GIG Common Stock are now, and at all times until the Effective Time will be, owned of record and beneficially by the Stockholders in the amounts and the percentages set forth in Section 4.04(a) of GIG’s Disclosure Schedule. Each Stockholder has good and marketable title to the shares of GIG 27 Common Stock owned by him, free and clear of all Liens and such stock is not subject to any restrictions on transferability, except as Previously Disclosed.
Title of Shares. All of the issued and outstanding shares of IPC Common Stock are now, and at all times until the Effective Time will be, owned of record and beneficially by the Stockholders in the amounts and the percentages set forth in Section 4.04(a) of IPC’s Disclosure Schedule. Each Stockholder has good and marketable title to the shares of IPC Capital Stock owned by him, free and clear of all Liens and such stock is not subject to any restrictions on transferability.
