Preferred Shares definition
Examples of Preferred Shares in a sentence
The Depositary shall close the Preferred Share ADS books for Preferred Share ADS issuances and cancellations, and shall not process any Preferred Share ADS issuances and cancellations on or about the time of the Conversion of Preferred Shares, and may extend the books closure period thereafter if deemed necessary, and the Depositary will give notice thereof “to the Street” in accordance with standard practice.
Where this Indenture provides for notice to holders of Preferred Shares, such notice shall be sufficiently given if in writing and mailed, first class postage prepaid, or by overnight delivery service to Issuer, or by electronic mail transmission, at the Issuer’s address pursuant to Section 14.3 hereof.
The Class A-LR Loans and the Preferred Shares are not being issued or incurred hereunder.
Payments in respect to the Preferred Shares shall be made by the Collateral Trustee to the Fiscal Agent, on behalf of the Issuer, for payments to Shareholders.
The Issuer will, to the extent funds are lawfully available therefor pursuant to the Priority of Payments, duly and punctually pay all required distributions on the Preferred Shares, in accordance with this Indenture and the Limited Liability Company Agreement.