Examples of Convertible Shares in a sentence
Convertible Shares converted as provided herein shall become authorized but unissued Common Shares.
The holders of any outstanding Convertible Shares shall not be entitled to receive dividends or other Distributions on the Convertible Shares.
Common Shares issued on conversion of Convertible Shares shall be issued as fully paid shares and shall be nonassessable by the Company.
If, in the good faith judgment of the Board, full conversion of the Convertible Shares would jeopardize the Company’s status as a REIT, then only such number of Convertible Shares (or fraction thereof) shall be converted into Common Shares such that the Company’s REIT status is not jeopardized.
Common Shares issued on conversion of Convertible Shares shall be issued as fully paid Shares and shall be nonassessable by the Corporation.