Class B Convertible Preferred Shares definition

Class B Convertible Preferred Shares means, subject to Article 8, fully paid and non-assessable shares of Puget’s Class B Convertible Preferred Stock as presently constituted;

Class B Convertible Preferred Shares means the 1.8% Class B convertible preferred shares in the capital of Points;

Class B Convertible Preferred Shares where used in this Indenture will be interpreted to mean securities of any class or classes which, as a result of such adjustment and all prior adjustments pursuant to this §4.1, the Registered Warrantholder is entitled to receive upon the exercise of his Warrant, and the number of Class B Convertible Preferred Shares indicated by any exercise made pursuant to a Warrant will be interpreted to mean the number of Class B Convertible Preferred Shares or other property or securities a Registered Warrantholder is entitled to receive, as a result of such adjustment and all prior adjustments pursuant to this §4.1, upon the full exercise of a Warrant.

Examples of Class B Convertible Preferred Shares in a sentence

• The Debenture Indenture contains provisions for the adjustment of the Conversion Price payable for each Class B Convertible Preferred Share upon the conversion of Debentures and the number of Class B Convertible Preferred Shares issuable upon the conversion of Debentures in the events and in the manner set forth therein.

• The Debenture Indenture contains provisions making binding on all holders of Debentures outstanding thereunder resolutions passed at meetings of holders of Debentures held in accordance with the provisions of the Debenture Indenture and instruments in writing signed by Debenture holders of Debentures entitled to purchase a specific majority of the Class B Convertible Preferred Shares that can be purchased pursuant to such Debentures.

• FURTHER RESOLVED, that the Class B Convertible Preferred Shares shall be entitled to the relative rights and preferences described in the attached Exhibit A.

• Such registration statement shall be kept current and effective for the greater of (i) a period of at least twelve (12) months from the Closing Date and (ii) a period of at least ninety (90) days after (x) all of the Class B Convertible Preferred Shares shall have been converted into Converted Common Shares or redeemed and (y) the Agent's Warrant and the Agent's Warrant shall have been fully exercised or expired.

• Notwithstanding anything herein contained, Class B Convertible Preferred Shares will be issued upon exercise of a Debenture subject to the restrictions and conditions imposed by the securities laws of any applicable jurisdiction.

• Nothing contained in this Debenture Certificate, the Debenture Indenture or elsewhere will be construed as conferring upon the holder hereof any right or interest whatsoever as a holder of Class B Convertible Preferred Shares or any other right or interest except as herein and in the Debenture Indenture expressly provided.14.

• Subject to the terms and conditions of this Agreement, on the Closing Date (as defined in Section 3.1 hereof), the Company shall issue, sell and deliver to each of the Purchasers, and each of the Purchasers shall purchase from the Company for the Purchase Price (as defined in Section 2.1 hereof) that number of Class B Convertible Preferred Shares of the Company (the "PREFERRED SHARES"), set forth opposite such Purchaser's name on EXHIBIT A.

• All Class B Convertible Preferred Shares or shares of any class or other securities which a Registered Debenture holder is at the time in question entitled to receive on the conversion of his, her or its Debenture, whether or not as a result of adjustments made pursuant to this Article 8, will, for the purposes of the interpretation of this Indenture, be deemed to be Class B Convertible Preferred Shares which such Registered Debenture holder is entitled to acquire pursuant to such Debenture.

• Puget will have the right to enforce full payment of the Exercise Price of all Class B Convertible Preferred Shares issued by the Warrant Agent to a Registered Warrantholder hereunder and will be entitled to demand such payment from the Registered Warrantholder or alternatively to instruct the Warrant Agent to cancel the share certificates and amend the securities register accordingly.

• SCHEDULE “C” TO ARTICLES OF AMENDMENT MITEL NETWORKS CORPORATION (the “Corporation”) The Corporation is authorized to issue an unlimited number of Class B Convertible Preferred Shares, issuable in series (the “Class B Preferred Shares”).

More Definitions of Class B Convertible Preferred Shares

Class B Convertible Preferred Shares means the Class B convertible preferred shares in the capital of the Corporation and any other securities issued or issuable thereon or in respect thereof (whether by way of a share dividend or share split or in exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization, merger, consolidation or other corporate reorganization), and for greater certainty, a reference to Class B Convertible Preferred Shares includes Common Shares issued on conversion of such Class B Convertible Preferred Shares.