Exchangeable Preferred Shares definition
Examples of Exchangeable Preferred Shares in a sentence
The class of shares of beneficial interest in the Trust being created by these Articles Supplementary shall be designated as "Class A Exchangeable Preferred Shares", par value $.01 per share ("Class A EPS"), and 30,000,000 shall be the number of shares of Class A EPS constituting such class.
There are hereby designated 15,000,000 "Class B Exchangeable Preferred Shares", par value $.01 per share ("Class B EPS").
As used herein, the term "Shares" shall mean and include (i) the Class A Shares, Class B Shares, Excess Trust Shares, Class A Exchangeable Preferred Shares, Class B Exchangeable Preferred Shares, Trust Preferred Shares and Excess Preferred Shares, and (ii) from and after the issuance of Shares of any other and additional classes of Shares so created and authorized by the Trustees, such Shares.
As of January 20, 1998, there were 55,392,389 Paired Shares, 6,285,765 Class A Exchangeable Preferred Shares of the Trust and 5,502,711 Class B Exchangeable Preferred Shares of the Trust outstanding, and 21,292,005 REIT shares and 21,292,005 OPCO shares were reserved for issuance.
The Exchangeable Preferred Shares are considered debt for accounting purposes, and as such, dividends are reported as interest expense (Note 7).
Such notice shall state (i) the exchange date; and (ii) the place or places where certificates for such Debentures are to be mailed in exchange for Exchangeable Preferred Shares.
The Voting and Exchange Trust Agreement provides a mechanism under which holders of LuxCo Exchangeable Preferred Shares may instruct the Trustee how to vote the particular votes conferred by the ParentCo Special Voting Preferred Share relating to the holder's LuxCo Exchangeable Preferred Shares.
On the liquidation of LuxCo, holders of the LuxCo Exchangeable Preferred Shares are entitled to exchange their LuxCo Exchangeable Preferred Shares for ParentCo Common Shares at the Exchange Ratio.
I am also, Margaret, of this thinge sure ynough, that of those holy doctours and saintes, which to be with God in heauen long ago no Christen man douteth, whose bookes yet at this day re-mayne here in mens handes, there thought in some such thinges, as I thinke now.
The terms of the ParentCo Special Voting Preferred Share confer on the Trustee that number of votes with respect to matters on which holders of ParentCo Common Shares are entitled to vote, equal to the number of outstanding LuxCo Exchangeable Preferred Shares (multiplied by the exchange ratio), other than LuxCo Exchangeable Preferred Shares held by ParentCo or any affiliates.