Examples of Series 5 Shares in a sentence
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.
Holders of Series 6 Shares will have a similar right to convert back into Series 5 Shares every five years.
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.
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 set forth in the table assumes that no Series 5 Shares are sold to such institutions.
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.
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.
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.
Section 12.01 Book-Entry-Only Issue: Except as required by applicable law, as provided by the rules and procedures of the Book-Entry-Only System or as otherwise determined by the Corporation with, if required, the agreement of the Depository, the Series 5 Shares shall be issued and held under the Book-Entry-Only System and shall be represented by a single fully-registered permanent global share certificate.