Examples of Convertible Preference Share in a sentence
The Company shall not declare nor pay any dividends or make any distribution upon any class of Common Shares, until and unless the Company has declared and paid a dividend of at least US$2.00 with respect to each Convertible Preference Share.
Each Convertible Preference Share converted pursuant to this Section 5 shall be convertible into one Common Share.
Upon conversion of each Convertible Preference Share, the Company shall take all such actions as are necessary in order to ensure that the Common Shares resulting from such conversion shall be duly and validly issued, fully paid, and free and clear of all taxes, liens, charges and encumbrances except those created by the holder thereof.
In Schedule 2, ''Convertible Preference Shares'' means all or any of the Non-cumulative Convertible Sterling Preference Shares, the Non-cumulative Convertible Dollar Preference Shares and the Non-cumulative Convertible Euro Preference Shares (each a ''Convertible Preference Share'').
Each Convertible Preference Share shall be identical in all respects to every Convertible Preference Share.
Each Convertible Preference Share is convertible into Class A Shares as provided in this SECTION 5.
Subject to SECTION 5(b), each holder of Convertible Preference Shares is entitled to convert, in whole or in part, at any time and from time to time, at the option and election of such holder, each outstanding Convertible Preference Share held by such holder into a number of duly authorized, validly issued, fully paid and nonassessable Class A Shares equal to the number determined by dividing (i) one (1) by (ii) the Conversion Amount in effect at the time of conversion.
However, if more than one Convertible Preference Share held by any holder is to be converted and the Ordinary Shares arising on conversion are to be registered in the same name, the number of Ordinary Shares to be issued in respect thereof shall be calculated on the basis of the aggregate Redemption Amount of such Convertible Preference Shares.
Each Convertible Preference Share was converted into one Common Share for no additional consideration on September 14, 2010.
Each Convertible Preference Share was convertible into one Common Share for no additional consideration.