Redeemable Preferred Shares definition

Redeemable Preferred Shares means shares of 10% Cumulative Redeemable Preferred Stock of the REIT, par value $0.01 per share, having a liquidation preference of $1,000 per share (plus accrued and unpaid dividends).

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Redeemable Preferred Shares means, with respect to any Person, any share of such Person's Capital Stock to the extent that it is redeemable, payable or required to be purchased or otherwise retired or extinguished, or convertible into any Indebtedness or other liability of such Person, the whole prior to the Final Maturity Date and at the option of the holder of such Capital Stock or of such Person, whether or not it pays Dividends at a specified or non-specified rate and whether or not such Capital Stock has preference over common stock in any respect;

Redeemable Preferred Shares means any capital stock of the Borrower or a Subsidiary which is redeemable, payable or required to be purchased or otherwise retired or extinguished, or convertible into any Indebtedness at the option of the holder of such capital stock, whether or not it pays dividends at a specified or non-specified rate, and whether or not such capital stock has preference over common stock in any respect

Examples of Redeemable Preferred Shares 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).

• Such distributions shall be cumulative from the first date on which any Series B Preferred Units are issued and shall be payable (i) quarterly in arrears on or before March 15, June 15, September 15 and December 15 of each year and (ii) in the event of an exchange of Series B Preferred Units into shares of Gables Trust's 8.625% Series B Cumulative Redeemable Preferred Shares ("Gables Trust Series B Preferred Shares") on the exchange date (each, a "Distribution Payment Date").

• In addition, each such certificate representing Redeemable Preferred Shares or REIT Shares so issued shall bear a legend reflecting certain transfer and other restrictions for the purpose of maintaining the REIT’s status as a real estate investment trust under the Code, in accordance with applicable Law.

• The issuer granted the Underwriters an option for 15 days to purchase up to an additional [-] shares of [-]% Series [-] Mandatory Redeemable Preferred Shares solely to cover overallotments, if any.

• The number of authorized units of the Series J Preferred Units shall be 460,000 and shall at all times be equal to the number of 6.625% Series J Cumulative Redeemable Preferred Shares (“Series J Preferred Shares”) issued by the General Partner and then outstanding.

More Definitions of Redeemable Preferred Shares

Redeemable Preferred Shares means the redeemable preferred shares in the capital of the Corporation.

Redeemable Preferred Shares means the Series A Convertible Preference Shares of GST outstanding on the Closing Date.

Redeemable Preferred Shares means the Series A-1 Shares, the Series B Shares, the Series C Shares, the Series C-1 Shares, the Series C-2 Shares and/or the Series D Shares.

Redeemable Preferred Shares means the Amalco Class A Redeemable Shares and Amalco Class B Redeemable Shares having attached thereto the rights, privileges, restrictions and conditions set forth in Schedule 1.1(C).

Redeemable Preferred Shares shall have the meanings ascribed to them in the Granite Point Contribution Agreement.

Redeemable Preferred Shares means shares of 10% Cumulative Redeemable Preferred Stock of the REIT, par value $0.01 per share, having a liquidation preference of $1,000 per share (plus accrued and unpaid dividends). (zz) “REIT Indemnified Party” has the meaning set forth in Section 6.01. (aaa) “REIT Material Adverse Effect” means any material adverse change in any of the assets, business, condition (financial or otherwise), results of operation or prospects of the REIT and its Subsidiaries, taken as a whole. (bbb) “REIT Qualification Ruling” has the meaning set forth in Section 6.05. (ccc) “REIT or Manager Knowledge” means the knowledge of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇. (ddd) “REIT Requirements” shall mean the requirements imposed on REITs pursuant to Sections 856 through and including 860 of the Code. (eee) “REIT Shares” has the meaning set forth in the recitals. (fff) “Release Document” has the meaning set forth in Section 6.05. (ggg) “Repurchase Agreement Asset” has the meaning set forth in Section 4.10(b). (hhh) “Securities Act” means the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder.

Redeemable Preferred Shares means the Non-voting Redeemable Preferred Shares in the capital of the Company, the rights and restrictions in respect of which are contained in this Article 26;