Series 5 Shares definition
Examples of Series 5 Shares in a sentence
Holders of Series 6 Shares will have a similar right to convert back into Series 5 Shares every five years.
Holders of Series 5 Shares will have the right to convert their shares into Cumulative Redeemable Class A Preferred Shares Series 6 (“Series 6 Shares”), subject to certain conditions, on December 1, 2006, and on December 1 of every fifth year thereafter.
Until November 30, 2001, holders of Series 5 Shares were entitled to an annual fixed cumulative preferential cash dividend of Canadian $1.275 per share (5.1 percent), payable, if declared, quarterly.
Until November 30, 2001, holders of the Series 5 Shares were entitled to an annual fixed cumulative preferential cash dividend of C$1.275 per share (5.1 percent), payable quarterly.
The Underwriters’ fee indicated in the table assumes that no Series 5 Shares are sold to such certain institutions.
As of December 1, 2001, holders of the Series 5 Shares are entitled to, if declared, a monthly floating cumulative preferential cash dividend, which will float in relation to the average of the prime commercial lending rates of two designated Canadian chartered banks during the relevant month, as adjusted by the weighted average trading price of the Series 5 Shares during such month, up to a maximum of 100% of such prime rate.
The Underwriters’ fee set forth in the table assumes that no Series 5 Shares are sold to such institutions.
Series 5 Shares are redeemable at any time after December 1, 2001, at Nortel’s option, at Canadian $25.50 per share together with accrued and unpaid dividends up to, but excluding, the date of redemption.
The Series 5 Shares are redeemable at any time after December 1, 2001, at Nortel Networks option, at C$25.50 per share together with accrued and unpaid dividends up to, but excluding, the date of redemption.
The affidavit or statutory declaration, as the case may be, shall contain (i) the name and address of the Holder, (ii) where the applicant is a corporation, its name and address for service, (iii) a statement that the list will not be used except in connection with an effort to influence the voting of the Holders of Series 5 Shares, or any other matter relating to the Guarantee, and (iv) such other undertaking as may be required by applicable law.