Class B Preferred Shares definition

Class B Preferred Shares means class B preferred shares of Pembina;

Class B Preferred Shares means the Class B Preferred Shares in the capital of the Corporation;

Class B Preferred Shares means the Class B preferred shares of FoundryCo, with rights, preferences and privileges set forth in the Memorandum and Articles of Association.

Examples of Class B Preferred Shares in a sentence

• No dividends on the Class B Preferred Shares have been declared since the fourth quarter of 1988.

• The Class A Preferred Shares and the Class B Preferred Shares are accounted for as debt and equity securities, respectively, pursuant to the requirements of SFAS No. 115, "Accounting for Certain Investments in Debt and Equity Securities", and are classified as available-for-sale.

• The Company determines the fair value of the Class A Preferred Shares and Class B Preferred Shares based on the quoted market price.

• Holders of the Class B Preferred Shares are entitled to receive a quarterly dividend, as declared by the Board, at a rate of $3.00 per annum.

• Notwithstanding any other provisions herein, the Borrower shall have no obligation to make any payment becoming due and payable hereunder until the Borrower is reasonably satisfied that it will concurrently receive a corresponding capital or dividend payment under the Class B Preferred Shares.

More Definitions of Class B Preferred Shares

Class B Preferred Shares means newly issued shares of the class of preferred stock of the Company that are being issued, subscribed and paid-in under the Subscription Agreement dated as of the date hereof in connection with the Private Placement and that are automatically and mandatorily convertible into Class A Preferred Shares.

Class B Preferred Shares means the Class B Convertible Preferred Stock having the Powers, Preferences, Rights, Qualifications, Limitations, and Restrictions set forth in the Certificate of Designation.

Class B Preferred Shares means 415,000 Class B Preferred Shares of the capital stock of 9101-0835 Québec Inc. issued to and registered in the name of the Borrower;

Class B Preferred Shares shall have the meaning set forth in the section “Securities” of these Terms and Conditions;

Class B Preferred Shares means class B preferred shares of Pembina; "Common Shares" means the common shares in the capital of Pembina;

Class B Preferred Shares means the Class B convertible preferred shares in the capital of the Corporation;

Class B Preferred Shares means the Class B preferred shares issued by the Company and converted into Class A Preferred Shares pursuant to the Bylaws;