Senior Preference Shares means, after such time as all Outstanding Parity Instruments have been redeemed and discharged in full, any of the Company’s preference shares, except for the most junior class of preference shares provided for at any time by the Company’s Articles of Association, whether or not any such preference shares are outstanding.

Senior Preference Shares has the meaning given to such term in the Second Supplemental Shareholders’ Agreement.

Senior Preference Shares means the 15 percent paid-in-kind senior preference shares to be issued by Almatis Topco 1, which Senior Preference Shares shall be senior to the Junior Preference Shares. All Senior Preference Shares, whether issued on the Effective Date or otherwise, shall be issued to STAK 1, for which Senior Preference Shares STAK 1 shall issue (a) the DIC Senior Preference STAK 1 Depository Receipts and (b) the SSN Senior Preference STAK 1 Depository Receipts. The terms of the Senior Preference Shares will be consistent with the Restructuring Term Sheet, and the definitive documents with respect to such Senior Preference Shares will be filed in the Plan Supplement.

Examples of Senior Preference Shares in a sentence

Additional funds were drawn down under the Senior Credit Facility to repay the Senior Preference Shares.
If the Company shall issue Additional Ordinary Shares for a consideration per Share less than the Conversion Price for each series of Senior Preference Shares in effect on the date of and immediately prior to such issue, then and in such event, the Conversion Price for each series of Senior Preference Shares, as applicable, shall be reduced concurrently with such issue, to a price equal to the price per Share of such Additional Ordinary Shares.
As of the date hereof, the authorized share capital of Gulf consists of an unlimited number of Ordinary Shares, an unlimited number of preference shares designated as Senior Preference Shares, issuable in series, and an unlimited number of preference shares designated as Junior Preference Shares, issuable in series.
The impact on the income statement of the Group is the loss of the interest income earned on the cash on deposit of R10,7 million at a pre-tax interest rate of 6.8%, which was used to repay the Senior Preference Shares and additional interest expense of R20.5 million based on the Group cost of borrowing of 7.7%, net of tax.
As at May 1, 2001, Gulf had 535,373,276 issued and outstanding Ordinary Shares and 85,504,557 Series 1 Senior Preference Shares and 300 Series 2 Senior Preference Shares issued and outstanding.
To the best of the knowledge of Gulf, other than Citibank, TD Securities and CIBC World Markets which in the aggregate own more than 10% of the Series 2 Senior Preference Shares, the holders of indebtedness owing by Gulf or any Material Subsidiary, holders of Gulf Options and persons with which such holders do not deal at arm's length for purposes of the Tax Act do not in aggregate own 10% or more of the shares of any class or series of Gulf or the relevant Material Subsidiary as the case may be.
Water supply and sanitation (WSS) sector development plan in 2011-2025 has focused to incorporate climate change adaptation strategies in water sector.

More Definitions of Senior Preference Shares

Senior Preference Shares means the Series D Preference Shares, Series E Preference Shares, Series F Preference Shares and Series G Preference Shares.

Related to Senior Preference Shares

Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.
Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.
Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.
Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.
Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.
Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.
Series B Preferred Units shall have the meaning provided in Section 1.
Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).
Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.
Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.
Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.
Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.
Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.
Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).
Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.
Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.
Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.
Series C Preferred Units shall have the meaning provided in Section 1.
Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.
Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.
Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.
Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.
Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.
Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.
New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.
Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

Senior Preference Shares definition

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