B Preference Shares definition

B Preference Shares means the redeemable cumulative B preference shares of £1 each in the share capital of the Company;
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B Preference Shares means 1000 redeemable B preference shares of €0.01 each in the capital of Newco;
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B Preference Shares means the 12,499,000 convertible, redeemable B convertible preference shares with a par value of US$0.002 each in the capital of the Company;
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Examples of B Preference Shares in a sentence

  • The Purchaser understands that the Series B Preference Shares and Warrants are “restricted securities” under applicable United States federal and state securities laws and that, pursuant to these laws, the Purchaser must hold the Series B Preference Shares and Warrants indefinitely unless they are registered with the Securities and Exchange Commission and qualified by state authorities or an exemption from such registration and qualification requirements is available.

  • By executing this Agreement, the Purchaser further represents that the Purchaser does not presently have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Series B Preference Shares or Warrants.

  • The Series B Preference Shares and Warrants, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement, will be duly authorized, validly issued as fully paid and nonassessable and free of restrictions on transfer other than restrictions on transfer under this Agreement, applicable state and federal securities laws and liens or encumbrances created by or imposed by a Purchaser.

  • A Purchaser’s “Pro Rata Share” for means the ratio of (a) the number of the Ordinary Shares issued or issuable upon conversion of the Series B Preference Shares owned by such Purchaser, to (b) the Fully Diluted Share Number.

  • The Preference Shareholders are also entitled to piggyback registration rights if at any time Third Point Re registers SiriusPoint Series B Preference Shares for its own account, subject to customary “cut-back” exceptions.


More Definitions of B Preference Shares

B Preference Shares means the 200,000,000 B preference shares in SunCo with a PIK coupon of 15 per cent. per annum (with attached Penny Warrants), which are senior in rank to the A Shares in terms of priority of distributions;
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B Preference Shares means the B preference shares of $1.00 each in the capital of the UK Company having the rights that are set out in the Articles of Association and the Shareholders’ Agreement.
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B Preference Shares shall have the meaning given to such term in Recital A.
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B Preference Shares has the meaning given to this term in the Articles of Association.
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B Preference Shares means 500,000,000 redeemable ‘B’ preference shares of £0.01 each in the capital of Newco;
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B Preference Shares means Class B preference shares, nominal value ------------------- (Pounds)0.10 each, in the capital of the Company.
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B Preference Shares means collectively, the 115,800 cumulative convertible preference shares in the authorized capital of Pelawan SPV, the 115,800 cumulative convertible redeemable preference shares in the capital of Plateau and the 111,600 cumulative convertible redeemable preference shares in the capital of Plateau, and is described in Section 1.4.4 – Debt Arrangements – Vendor Facility – Share Settled Financing – The “B” Preference Shares;
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