Junior Preference Shares definition
Examples of Junior Preference Shares in a sentence
The authorized capital of the Company consists of an unlimited number of Common Shares, an unlimited number of Preferred Shares issuable in series, an unlimited number of Junior Preference Shares issuable in series and an unlimited number of Participating Shares issuable in series.
One Right will also be issued and attach to each Common Share of the Corporation (and any other share in the capital stock or voting interests of the Corporation entitled to vote generally in the election of directors other than directors to be elected by the Corporation's Junior Preference Shares) (collectively, "Voting Shares") issued thereafter, subject to the limitations set forth in the Rights Plan.
Except as otherwise provided by law or as specifically provided herein and except for meetings of the holders of Junior Preference Shares as a class and meetings of all holders of Series 2 Shares as a series, the holders of the Series 2 Shares will not be entitled as such to receive notice of, or to attend, or to vote at, any meeting of shareholders of Noranda.
Except as otherwise provided by law or as specifically provided herein and except for meetings of the holders of Junior Preference Shares as a class and meetings of all holders of Series 1 Shares as a series, the holders of the Series 1 Shares will not be entitled as such to receive notice of, or to attend, or to vote at, any meeting of shareholders of Noranda.
At the close of business on the business day immediately preceding the date hereof (the “Capitalization Date”): (i) 36,492,526 shares of Company Common Stock were issued and outstanding, (ii) 9,000,000 shares of Company Common Stock were subject to issuance pursuant to the Warrants, and (iii) no shares of Company Preferred Stock were issued and outstanding; provided that 37,620 Junior Preference Shares have been reserved for issuance in connection with the Rights Plan.
If, after the earlier to occur of [1 January] 2070 or an Exit pursuant to clause 14 the principal and accrued interest on the Junior Preference Shares have been paid in full to STAK 2, Almatis Topco 1 shall repurchase the Junior Preference Shares for no consideration.
The Junior Preference Shares may at any time or from time to time be issued in one or more series.
Upon payment to the holders of the Junior Preference Shares of the amount so payable to them, they will not be entitled to share in any further distribution of assets of the Corporation.
As of the date hereof, the authorized share capital of Norcen consists of an unlimited number of Common Shares, First Preference Shares and Junior Preference Shares.
As of the date hereof, the authorized share capital of Gulf consists of an unlimited number of Ordinary Shares, an unlimited number of preference shares designated as Senior Preference Shares, issuable in series, and an unlimited number of preference shares designated as Junior Preference Shares, issuable in series.