B Preference Shares definition

B Preference Shares means the redeemable cumulative B preference shares of £1 each in the share capital of the Company;

B Preference Shares means 1000 redeemable B preference shares of €0.01 each in the capital of Newco;

B Preference Shares shall have the meaning given to such term in Recital A.

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;

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;

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.

B Preference Shares means cumulative redeemable non-convertible preference shares of no par value in the share capital of the Company having the rights, privileges, restrictions and conditions as determined by the Board upon issue thereof, as contemplated in section 36(1)(d) of the Act;”

B Preference Shares means the Class “B” redeemable, cumulative preference shares in the Seller which will be allotted and issued to AMH in terms of the Participation Agreement;

B Preference Shares means the B preference shares of SEK 0.001 quotient value each in the capital of the Company; “Bridgepoint Loan Agreement” means the loan agreement dated 9 July 2015 between European Cinemas and the Company constituting the Bridgepoint Shareholder Loan (as amended and/or restated from time to time);

B Preference Shares means the B convertible preference shares of US $1.00 each in the capital of the Company and a “B Preference Shareholder” means a holder of any of those shares;