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New Preferred Shares definition

New Preferred Shares means a further series of Class A First Preferred Shares constituted by the Board of Directors having rights, privileges, restrictions and conditions attaching thereto which would qualify such New Preferred Shares as Tier 1 capital or equivalent of the Bank under the then current capital adequacy guidelines prescribed by the Superintendent if applicable, and if not applicable, having such rights, privileges, restrictions and conditions as the Board of Directors may determine, provided that in each case such New Preferred Shares will not, if issued, be or be deemed to be “short term preferred shares” within the meaning of the Tax Act.
New Preferred Shares means a further series of Class 1 Shares constituted by the Board of Directors having rights, privileges, restrictions and conditions attaching thereto which would qualify such New Preferred Shares as Tier 1 capital or equivalent of MFC under the then current capital adequacy guidelines established by the Superintendent.
New Preferred Shares has the meaning ascribed to it in Section 1B(iii).

Examples of New Preferred Shares in a sentence

  • The issuance of the New Preferred Shares are duly authorized and, upon issuance in accordance with the terms of this Agreement, the New Preferred Shares shall be validly issued, fully paid and non-assessable and free from all preemptive or similar rights, mortgages, defects, claims, liens, pledges, charges, taxes, rights of first refusal, encumbrances, security interests and other encumbrances (collectively “Liens”) with respect to the issue thereof.

  • This Agreement may not be modified or amended except by an instrument or instruments in writing that expressly states that it is modifying or amending this Agreement and that is signed by the Company and the holders of a majority of the New Preferred Shares owned by the Shareholders at the time of such modification or amendment.

  • To improve the marketability of the recovered materials such as compost or CNG, the quality of such products should be ensured through establishing a trustful certification system.

  • In connection with the payment in consideration for the transfer of the Canwest New Preferred Shares, the Shaw Designated Entity shall, to the extent applicable, comply with all Tax withholding and reporting requirements imposed by any Law of a federal, state, provincial, local, or foreign taxing authority, and all distributions hereunder shall be subject to, and made net of, any such withholding and reporting requirements.

  • Any party hereto (or the holders of a majority of the New Preferred Shares then owned by the Shareholders) may, only by an instrument in writing that expressly states that it is waiving compliance with this Agreement, waive compliance by any other party or parties hereto with any term or provision hereof on the part of such other party or parties hereto to be performed or complied with.


More Definitions of New Preferred Shares

New Preferred Shares has the meaning set forth in the preamble hereto.
New Preferred Shares means the Company’s Class A Preferred Shares held by the Class A Shareholders, the newly issued Class A Preferred Shares into which the Class B Preferred Shares held by the Class B Shareholders will be automatically converted in the event of a Qualified IPO, and the newly issued Class A Preferred Shares resulting from the exercise of any Warrant by the Class B Shareholders.
New Preferred Shares means shares of New Preferred Stock (as such term is defined in the Plan).
New Preferred Shares means the Series A-1 Convertible Preferred Shares, Series B-1 Convertible Preferred Shares, Series N-1 Convertible Preferred Shares and N-2 Shares of the Company with such rights and designations set forth in the by-laws (estatutos) of the Company on the Issue Date and issued in connection with the Recapitalization or in connection with any stock splits, stock dividends and similar events with respect to such New Preferred Shares.
New Preferred Shares means the Mandatory Convertible Preferred Shares, Series E in the capital of the Issuer to be created upon the filing of articles of amendment and having the rights, privileges, restrictions and conditions set forth in such articles of amendment and substantially in the form attached as Exhibit B;
New Preferred Shares means the Company’s Class A Preferred Shares held by the Class A Shareholders, the newly issued Class A Preferred Shares into which the Class B Preferred Shares held by the Class B Shareholders will be automatically converted in the event of a Qualified IPO, the newly issued Class A Preferred Shares resulting from the exercise of any Warrant by the Class B Shareholders, the newly issued Class A Preferred Shares into which the Class C Preferred Shares held by the Class C Shareholder will be automatically converted in the event of a Qualified IPO, the newly issued Class A Preferred Shares into which the Class C Preferred Shares held by the Class C Shareholder will be converted at the option of the Class C Shareholder, the newly issued Class A Preferred Shares into which the Class D Preferred Shares held by the Class D Shareholder will be automatically converted in the event of a Qualified IPO and the newly issued Class A Preferred Shares into which the Class D Preferred Shares held by the Class D Shareholder will be converted at the option of the Class D Shareholder.
New Preferred Shares means the Class F Preferred Stock and New Parity Stock.