Examples of AA Shares in a sentence
Formation expenses of Class AA Shares amounted to approximately US$40,000 and will be amortised over a 5-year period commencing from 4 May 2011 or if later, the inception date.
Formation expenses of Class AA Shares amounted to approximately US$500 and are amortised over a 5-year period commencing from the inception date, or such other period as the Board may determine.
No Person has any agreement or option, or any right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer of any of the AA Shares, or any interest therein or right thereto, except pursuant to this Agreement.
The purchase price for the AA Shares is USD$5,495,919,896.06 (the “AA Shares Purchase Price”), payable in immediately available funds in U.S. dollars and no amount shall be withheld in respect of any withholding Taxes, and the purchase price for the L Shares is USD$69,727,693.12 (the “L Shares Purchase Price”), payable in immediately available funds in U.S. dollars and no amount shall be withheld in respect of any withholding Taxes.
Each of Inmobiliaria and Controles shall be transferred 50% of the L Shares and 50% of the AA Shares.
The AA Shares must always represent at least 51.0% of the combined AA Shares and A Shares.
An ordinary general meeting of AA Shares and A Shares must be held each year to consider the approval of the financial statements for the preceding fiscal year, to elect directors and to determine the allocation of the profits.
Notwithstanding that any Person whose signature appears on any B/A may no longer be an authorized signatory for any of the Lenders or such Canadian Borrowing Subsidiary at the date of issuance of such B/A, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and any such B/A so signed and properly completed shall be binding on such Canadian Borrowing Subsidiary.
If a quorum is not available, a second meeting may be called at which action may be taken by a majority of the AA Shares and A Shares present, regardless of the number of such shares.
Whether on first or second call, actions at an extraordinary general meeting may be taken by a majority vote of the AA Shares and A Shares outstanding and, on matters which L Shares are entitled to vote, a majority vote of all the capital stock.