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.
Each of Inmobiliaria and Controles shall be transferred 50% of the L Shares and 50% of the AA Shares.
The Seller further represents that the Seller does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participation to such person or to any third person, with respect to any of the PE Shares.
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.
A resolution on any of the specified matters requires the affirmative vote of both a majority of all outstanding shares and a majority of the AA Shares and the A Shares voting together.
The AA Shares must always represent at least 51.0% of the combined AA Shares and A Shares.
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.
At least 20.0% of our outstanding shares must consist of AA Shares, and not more than 80% can be A Shares and L Shares.
AA Shares and A Shares have full voting rights L Shares may vote only in limited circumstances as described below under “Voting Rights.” The rights of all series of shares are generally identical except for voting rights and the limitations on non-Mexican ownership of AA Shares and A Shares.