Jersey Preference Shares definition

Jersey Preference Shares means the fully paid, non-dividend paying preference shares, liquidation preference US$25 per share, issued by the Jersey Subsidiary.
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Jersey Preference Shares has the meaning specified in the recitals to this Distribution Trust Agreement.
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Jersey Preference Shares has the meaning specified in the fourth recital in this Agreement.
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Examples of Jersey Preference Shares in a sentence

  • All moneys received by the Trustees in respect of the Debt Securities and the Jersey Preference Shares, and all moneys received from the sale of the TrUEPrS to the Sponsor, shall be credited to the Trust Account, which shall be non-interest bearing.

  • Such vote shall be taken a sufficient time before the vote of the Jersey Preference Shares so that the Trustees can determine the results of such vote and direct the U.K. Company to vote the Jersey Preference Shares in accordance with such results.

  • WHEREAS, the Jersey Subsidiary desires to grant a security interest in the ADRs evidencing the ADSs for the benefit of the U.K. Company, as security for the redemption obligations of the Jersey Subsidiary under the Jersey Preference Shares.

  • WHEREAS, pursuant to the Jersey Preference Shares Security and Pledge Agreement (the "Jersey Preference Shares Agreement"), among the Trust, the U.K. Company and the Collateral Agent, the U.K. Company has granted a security interest in the Jersey Preference Shares and any redemption proceeds thereof for the benefit of the Trust, as pledgee thereof, as security for the redemption obligations of the U.K. Company under the Debt Securities.

  • On and after the Mandatory Redemption Date, (i) the Principal Amount of this Security shall cease to be payable, (ii) the interest hereon shall cease to accrue and be payable, and (iii) this Security shall thereafter represent only the right to receive the Mandatory Redemption Amount (in the case of a Qualifying Exchange Event) or, in any other case, the Subject Jersey Preference Shares and, if applicable, the Interest Portion (if any).

  • WHEREAS, concurrently with the execution of this Agreement, the U.K. Company is Delivering Jersey Preference Shares to the Collateral Agent, as agent of and for the benefit of the Trust, which has agreed to hold such shares pursuant to the terms hereof as security for the redemption obligations of the U.K. Company under the Debt Securities.

  • On and after the Mandatory Redemption Date, (i) the Principal Amount of this Security shall cease to be payable, (ii) the interest hereon shall cease to accrue and be payable, and (iii) this Security shall thereafter represent only the right to receive the Mandatory Redemption Amount or the Subject Jersey Preference Shares and the Interest Portion (if any), as applicable.

  • In the event that the Mandatory Redemption Date occurs on a day that is not a Business Day, then payment of the Mandatory Redemption Amount (in the case of a Qualifying Exchange Event) or, in any other case, the Subject Jersey Preference Shares and, if applicable, the Interest Portion (if any), may be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay).

  • WHEREAS, concurrently with the execution and delivery of the Agreement, the Jersey Subsidiary is using the proceeds from the sale of the Jersey Preference Shares to make a payment to ANZ in consideration of the issuance by the ADR depositary of ADRs evidencing up to ________________ ADSs each of which represents four ANZ Preference Shares deposited by ANZ.

  • The security interest granted in favor of the Trust pursuant to this clause shall be subject only to the prior Lien granted to the U.K. Company or the Trust, as holder of the Jersey Preference Shares by the Jersey Subsidiary under Section 3(a)(i) hereof and hypothecated by the U.K. Company to the Trust under Section 3(b) hereof.

Related to Jersey Preference Shares

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

  • UST Preferred Stock means the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, Series [●].

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Qualified Preferred Stock means any preferred capital stock of Holdings so long as the terms of any such preferred capital stock (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision prior to the 91st day after the Latest Maturity Date as of the date such Qualified Preferred Stock was issued other than (i) provisions requiring payment solely (or with provisions permitting Holdings, to opt to make payment solely) in the form of common Equity Interests, Qualified Preferred Stock of Holdings or cash in lieu of fractional shares, as applicable, or any Equity Interests of any direct or indirect Parent Company of Holdings, (ii) provisions requiring payment solely as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale are subject to the payment in full of all Obligations in cash (other than unasserted contingent indemnification obligations) or such payment is otherwise permitted by this Agreement (including as a result of a waiver or amendment hereunder) and (iii) with respect to preferred capital stock issued to any plan for the benefit of employees of Holdings or its Subsidiaries or by any such plan to such employees, provisions requiring the repurchase thereof in order to satisfy applicable statutory or regulatory obligations and (y) give Holdings the option to elect to pay such dividends or distributions on a non-cash basis or otherwise do not require the cash payment of dividends or distributions at any time that such cash payment is not permitted under this Agreement or would result in an Event of Default hereunder.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Company Preferred Shares means, collectively, the Company Series A-1 Preferred Shares, the Company Series A-2 Preferred Shares, the Company Series B Preferred Shares, and the Company Undesignated Preferred Shares.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

  • Class B Preferred Stock means the Class B preferred stock, nominal value $1,000, of the Company.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B-1 Preferred Shares means the Company’s series B-1 preferred shares, par value US$0.00001 per share.