Redeemable Preferred Share definition
Examples of Redeemable Preferred Share in a sentence
In the event that Crescent Equities exercises its redemption right with respect to the Series B Redeemable Preferred Shares, the Partnership shall concurrently redeem a corresponding amount of Series B Redeemable Preferred Partnership Units at the same redemption price paid by Crescent Equities for the Series B Redeemable Preferred Shares (i.e., a redemption price of $25 per Series B Redeemable Preferred Share, plus any accrued, unpaid quarterly distribution thereon).
Each Company Common Share shall be converted into one Amalco Redeemable Preferred Share.
Notwithstanding the above, in the event of an additional fund raising (not covered by the Founders Agreement) from any specific Founder(s) (e.g., equity investments, bridge loans, or any other financing form), the Company may negotiate and effect, inter alia, changes of the rights to Dividends or Dividends upon liquidation attached to the Series A Redeemable Preferred Share of the Company, par value NIS0.1 issued to such Founder(s).
Dated Chief Financial Officer Chief Executive Officer Countersigned and registered: American Stock Transfer & Trust Company, LLC (New York, NY) Transfer Agent & Registrar Authorized Signature Cumulative distributions on each 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Share shall be payable at the applicable rate provided in the Company Agreement (as defined below).
On the business day following the Redemption Time, Amalco shall deliver or cause to be delivered to Equity Financial Trust Company (the “Depositary”) at its principal office in the City of Toronto, the Redemption Consideration in respect of each Amalco Redeemable Preferred Share to be redeemed.
For the purpose of Subsection 191(4) of the Income Tax Act (Canada), the specified amount in respect of each Amalco Redeemable Preferred Share is [$·].
The resolution provides that the foregoing prohibition may not be amended, altered or repealed unless the amendment, alteration or repeal of such prohibition is approved by the holder of the Redeemable Preferred Share.
Except as provided by the Amended and Restated Bye-Laws of the Company or applicable Bermuda law, the holders of each Series B Convertible Redeemable Preferred Share shall vote together with the holders of the Common Stock as a single class.
At any time that the holder of the Redeemable Preferred Share shall become entitled pursuant to the terms of Section 6(b) of the Articles Supplementary to nominate and elect the Additional Redeemable Preferred Directors (as defined in the Articles Supplementary), the Company will promptly execute and deliver to each such Additional Redeemable Preferred Director a Director Indemnification Agreement in the form attached as Exhibit E.
No Order shall be in effect that restrains or prohibits the Initial Closing, in the case of the Initial Closing, or Subsequent Closing, in the case of a Subsequent Closing, or the consummation of the other transactions at the applicable Closing contemplated herein, including the exercise by the Investor of (a) its material rights as holder of the Redeemable Preferred Share under the Charter (including the Articles Supplementary) or the Bylaws and (b) the Class C Rights (as defined in the A&R Opco LPA).