Examples of Class A Convertible Securities in a sentence
Except as provided by law, by the provisions of paragraph (b) below, Class A Convertible Securities Holders shall vote the Class A Common Shares together with the holders of Common Shares as a single class.
The holders of Class A Convertible Securities shall have no preemptive rights.
The Company, at the Company’s expense, shall cause the accountant to perform the determinations or calculations and notify the Company and the Class A Convertible Securities Holder of the results no later than five (5) Business Days from the time it receives the disputed determinations or calculations.
Before any Class A Convertible Securities Holder shall be entitled to convert Class A Convertible Securities into Common Shares, the Board of Directors (or a committee thereof) shall designate an officer of the Company to determine if any Conversion Limitation set forth in this Section 27.6 shall apply to the conversion of Class A Common Shares.
The Company shall respond to the Class A Convertible Securities Holder within five (5) Business Days of receipt, or deemed receipt, of the dispute notice with a written calculation of the Conversion Ratio, 40% Threshold, or the FPI Protective Restriction, as applicable.
Such conversion shall be deemed to have been made immediately prior to the close of business on the date of such surrender of the Class A Convertible Securities to be converted, and the person or persons entitled to receive the Common Shares issuable upon such conversion shall be treated for all purposes as the record holder or holders of such Common Shares as of such date.
Reference shall be made to the NZTA Māori Strategy Te Ara Kotahi and the CSCMP must be developed in accordance with this strategy.
If the Class A Convertible Securities Holder and the Company are unable to agree upon such determination or calculation of the Conversion Ratio, or the FPI Protective Restriction, as applicable, within five (5) Business Days of such response, then the Company and the Class A Convertible Securities Holder shall, within one (1) Business Day thereafter submit the disputed arithmetic calculation of the Conversion Ratio, or the FPI Protective Restriction to the Company’s independent, outside accountant.
No fractional Common Shares shall be issued upon the conversion of any Class A Convertible Securities and the number of Common Shares to be issued shall be rounded down to the nearest whole Common Share.
Any Class A Convertible Securities Holder that beneficially owns more than 5% of the issued and outstanding Class A Common Shares may submit a written dispute as to the determination of the Conversion Ratio or the arithmetic calculation of the Conversion Ratio, 40% Threshold, or the FPI Protective Restriction to the Board of Directors with the basis for the disputed determinations or arithmetic calculations.