Class 1 Shares definition

Class 1 Shares means the Class 1 Shares of any series in the capital of the Corporation, without nominal or par value, now existing or hereafter created;

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Class 1 Shares means the Class 1 Convertible Preferred Shares in the capital of the Corporation, including the Class 1 Convertible Preferred Shares currently issued and any Class 1 Convertible Preferred Shares that may be issued after the date hereof;

Class 1 Shares means the Class 1 Convertible Preferred Shares in the capital of the Corporation.

Examples of Class 1 Shares in a sentence

For so long as this Agreement remains in effect, each Investor agrees to vote any and all Shares held by it from time to time in the manner designated by Francisco Partners so long as the Francisco Partners Group, excluding any Person to which Francisco Partners shall transfer all or substantially all of its assets, holds at least 30% of the Class 1 Shares.
The Shareholders shall have no right to exercise tag-along rights pursuant to this Section 6.3(c) in respect of Common Shares, Class 1 Shares or other Convertible Securities which are not identical to the Convertible Securities which are the subject of the Transfer Notice.
All dividends received by Class A and Class B shareholders once they rank equally shall be invested in Class 2 Shares of the Nirvana Fund, which will rank equally with the Class 1 Shares, save that the Class 2 Shares will not distribute interest, dividends or capital gains.
For the purposes of this Agreement, a “Qualifying Offer” means a Third Party Offer: (i) received within two years from the date hereof, and (ii) pursuant to which the holders of the Class 1 Shares purchased by the Investors pursuant to the Subscription Agreement would be entitled to receive aggregate proceeds, payable in cash, equal to not less than $2,000 for each Class 1 Share held by such Persons.
For Class 1 Shares, the Company shall bear the costs of printing the Fund Materials for prospective Contract owners, whereas for Class 2 Shares, Class 3 Shares, and Class 4 Shares, the Fund shall bear such costs as provided for in the Distribution and Service Plan for each class.
Each Investor hereby grants Francisco Partners a proxy, which shall be irrevocable to the fullest extent permissible by law and is coupled with an interest, to vote such Investor’s Shares in accordance with this provision for so long as the Francisco Partners Group, excluding any Person to which Francisco Partners shall transfer all or substantially all of its assets, holds at least 30% of the Class 1 Shares.
The Class 1 Shares cannot be redeemed prior to the Note being satisfied or without the approval of the Board of Directors.
Prior to the execution and delivery of this Agreement, the Corporation and the Investors have entered into a subscription agreement (the “Subscription Agreement”) in connection with the issuance and sale to the Investors of Class 1 Shares (as defined herein).
The Class 1 Shares shall distribute all earned interest, dividends received and crystallized capital gains annually.
Any and all payments made by the Corporation of dividends or distributions (including deemed dividends, distributions, or the exercise by the Corporation of its rights of first refusal pursuant to Section 6.2 of the Shareholders Agreement) in respect of the Class 1 Shares shall be made free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto.

More Definitions of Class 1 Shares

Class 1 Shares means the Class 1 Shares in the capital of Mitel which will be created prior to the completion of the Merger;

Class 1 Shares means the Class 1 Convertible Preferred Shares in the capital of the Corporation; “Class 1 Share Terms” has the meaning ascribed thereto in Section 2.5; “Class 1 Units” has the meaning ascribed thereto in Section 2.1; “Closing” means the completion of the subscription for the Purchased Shares and Warrants by the Investors as contemplated in this Agreement; “Closing Date” means the date of the Closing or such earlier or later date as the Corporation and the Investors may agree in writing; “Common Shares” means the common shares in the capital of the Corporation; “Converted Shares” means the Common Shares issued or issuable upon the conversion of the Class 1 Shares and/or exercise of the Warrants; “Disclosure Schedule” means the schedule of exceptions to the representations and warranties of the Corporation, attached as Schedule B; “Encumbrance” means any mortgage, hypothec, lien (statutory or otherwise), charge, pledge, security interest, right of set-off, or other type of encumbrance whether fixed or floating, on any asset or assets, whether real, personal or mixed, tangible or intangible, or pledge or hypothecation of any such assets or any easement, conditional sales agreement or any other title retention agreement or arrangement relating to any such assets, option, right of pre-emption, privilege, or any obligation to assign, license or sub-license any asset, or any action, claim, right to salvage, execution or demand of any nature

Class 1 Shares means the Class 1 Convertible Preferred Shares in the capital of the Corporation having substantially the rights, privileges, restrictions and conditions set forth in Exhibit A;

Class 1 Shares is added to the introductory paragraph.