Examples of FRAPS in a sentence
The shares of the Series B FRAPS shall be issued in units (the “Units”) with each Unit consisting of 1,000 shares of Series B FRAPS.
The shares of Series B FRAPS may be purchased, transferred, converted and redeemed only in whole Units and the shares of Series B FRAPS included in the Units may not be separately purchased, transferred, converted or redeemed.1. Definitions.
All shares of Series B FRAPS shall be identical with each other in all respects.
To the extent that a conversion right arises following a Ratings Conversion Date (whether during the Fixed Rate Period or thereafter), shares of Series B FRAPS may not be redeemed during the 20 Business-Day conversion period commencing on a Ratings Conversion Date.
The Corporation shall be entitled to rely upon any conversion request in determining whether to treat any person as a beneficial owner of Series B FRAPS.
All of the Outstanding FRAPS shall be represented by a certificate registered in the name of the Securities Depository.
Whenever shares of Series B FRAPS are to be redeemed, the Corporation shall mail a notice (“Notice of Redemption”) by first-class mail, postage prepaid, to each Holder of shares of Series B FRAPS to be redeemed and to the Trust Company.
Except as otherwise provided by law, shares of the Series B FRAPS that have been redeemed, purchased or otherwise acquired by the Corporation shall be held in the treasury or retired, as determined by the Board of Directors of the Corporation, provided that such shares shall not be reissuable as FRAPS or any existing series.
Any Order that specifies a number of shares of FRAPS other than in whole Units will be invalid and will not be considered a Submitted Order for purposes of an Auction.
No fractional shares or scrip representing fractional shares shall be issued upon the conversion of any Series B FRAPS.