Examples of B Preferred Shares in a sentence
These Series B Preferred Shares were cancelled at February 29, 2016.
The Series B Preferred Shares may be converted into common shares of the Company at the ratio of one Series B Preferred Share for each common share of the Company at the sole discretion of the Company.
No sinking fund shall be established for the retirement or redemption of Series B Preferred Shares.
We determined that the Series B Preferred Shares are a participating security, and accordingly, our basic and diluted net income / loss per share is calculated using the two-class method.
The Series B Preferred Shares not redeemed shall remain outstanding and entitled to all the rights and preferences provided in this Statement of Designation.
After payment of the full amount of the liquidating distributions to which they are entitled, the holders of Series B Preferred Shares will have no right or claim to any of the remaining assets of the Company.
This Agreement represents the entire agreement between Contractor and College and supersedes all prior negotiations or agreements, written or oral, which are not included herein.
Holders of Series B Preferred Shares will participate in any dividends declared or paid on our Class A common stock on an as-converted basis.
The rights of the shares of Common Stock shall be subject to the preferences and relative rights of the Series B Preferred Shares.
For the avoidance of doubt, Series A Preferred Shares and Series B Preferred Shares shall rank equally in their entitlement to liquidation distributions, but shall rank in priority as to any liquidation distribution on the Common Shares.