Examples of Junior Share in a sentence
If any Junior Share, Option or Convertible Security is issued in connection with any merger in which the Corporation is the surviving corporation, the amount of consideration therefor will be deemed to be the fair value of such portion of the net assets and business of the non-surviving corporation as is attributable to such Junior Shares, Options or Convertible Securities, as the case may be.
Except as provided in paragraph (a) of Section 6, the holders of each Series A Preferred Share shall be entitled to receive cumulative dividends and distributions payable from the date of issuance of such Series A Preferred Stock quarterly and in preference and priority to the dividends and distributions payable on each Junior Share, when, as and if declared by the Board of Trustees of the Trust out of funds legally available therefor, at the annual rate of $1.375 per share.
The foregoing limitations shall not apply to (i) the reclassification of Junior Shares for or into other Junior Shares, or the exchange or conversion of one Junior Share for or into another Junior Share or (ii) the use of the proceeds of a substantially contemporaneous sale of Junior Shares, in each case as permitted by our Bye-Laws in effect on the Issue Date.
On such date all rights of the holder of such Junior Share will cease, and such Junior Share will not be deemed to be outstanding.
Except as otherwise provided in this Section III or as otherwise required by applicable law, all shares of Junior Preferred Stock (each such share, a "Junior Share") shall be identical in all respects and shall entitle the holders thereof to the same rights and privileges, subject to the same qualifications, limitations and restrictions.
For the purpose of this Article 16(p), Junior Share means any Non Voting Third Party Preference Share 2009, Non Voting Adviser Preference Share 2008, Ordinary Share, C Share, Balancing Voting Deferred Share or any other share of a class expressed in these Articles to rank subordinate to the ESOT Preference Shares.
Following the sale of the Securities by the Initial Purchasers to Subsequent Purchasers pursuant to the terms hereof, the Initial Purchasers shall not be liable or responsible to the Company or the Issuer for any losses, damages or liabilities suffered or incurred by the Company or the Issuer, including any losses, damages or liabilities under the 1933 Act, arising from or relating to any resale or transfer of any Security, Preferred Security, Warrant, Junior Share or Note.
No dividends were payable on NAEPI common shares or other classes of preferred shares (defined as Junior Shares) unless all cumulative dividends had been paid on the NAEPI Series B preferred shares and NAEPI declared a NAEPI Series B preferred share dividend equal to 25% of the Junior Share dividend (except for dividends paid as part of employee and officer arrangements, intercompany administrative charges of up to $1 million annually and tax sharing arrangements).
Each holder of Junior Preferred Stock then outstanding may require the Corporation to redeem all or any portion of the Junior Preferred Stock owned by such holder at a price per Junior Share equal to the Liquidation Value thereof (plus all accrued and unpaid dividends thereon) by giving written notice to the Corporation of such election within 30 days of receipt of the Corporation's notice.
No dividends (other than those payable solely in Common Shares) shall be declared or paid on any Junior Shares during any previous or current fiscal year of the Company until all accrued dividends in the amounts set forth in subsection (a) above shall have been paid or declared and set apart during that fiscal year and unless and until a dividend in like amount as is declared or paid on such Junior Share has been declared or paid on each outstanding Preferred Share (on an as if converted basis).