Series B Convertible Preferred Shares definition

Series B Convertible Preferred Shares means our Series B perpetual convertible preferred shares issued on December 17, 2021.

Series B Convertible Preferred Shares means those shares of Series B Convertible Preferred Stock of the Company as set forth on SCHEDULE 1.1B of the Disclosure Schedule.

Series B Convertible Preferred Shares means shares of the Series B Convertible Preferred Stock.

Examples of Series B Convertible Preferred Shares in a sentence

• The cash payment conferred by this Section 5.2(d) to the holders of the Series B Convertible Shares will be made only to the extent the Series B Convertible Preferred Shares have not been previously converted.

• The Corporation may not redeem all or any portion of the outstanding Series B Convertible Preferred Shares.

• After the payment of (i) the full liquidation preference of the Series A Preferred Shares set forth in Section 5.1(b) above and (ii) the full liquidation preference of the Series B Convertible Preferred Shares set forth in this section 5.2(d), the remaining net assets of the Corporation, if any, shall be distributed ratably to the holders of Common Shares and Series B Convertible Preferred Shares on an as-if-converted to Common Shares basis.

• For each Common Share issued (except upon conversion of the Series B Convertible Preferred Shares into Common Shares pursuant to Section 5.2(e)), each recipient will, in addition, receive one of the Series A Preferred Shares.

• The Series A Preferred Shares shall terminate and have no liquidation preference or any other rights (and no further Series A Preferred Shares shall be issued) (i) upon the conversion of all the Series B Convertible Preferred Shares into Common Shares in accordance with Section 5.2(e) or (ii) in the event the Corporation pays one or more Special Dividends in an aggregate amount which causes the liquidation payment of a Series A Preferred Share to be zero in accordance with Section 5.1(b).

• Unlimited number of Preferred Shares without par value of which 8,050,000 are designated as Series "A" Convertible Preferred Shares (Issued - none) and 1,135,050 are designated as Series "B" Convertible Preferred Shares (Issued - none).

• In this section, and in this prospectus generally, we refer to the Series B Convertible Preferred Shares as the preferred shares.

• In the event the Company determines that taking an action or making a payment would violate applicable law, the Company shall deliver to each holder of Series B Convertible Preferred Shares a copy of the written opinion of the Company’s legal counsel confirming that such action or payment would result in a breach of applicable law.

• The inability of the Company to make a payment due to a violation of applicable law shall not prevent any holder of Series B Convertible Preferred Shares from making a claim against the Company for such amount in any bankruptcy or similar proceeding.

• There are hereby designated Two Hundred Forty Thousand (240,000) Series B Convertible Preferred Shares, no par value (the “Series B Convertible Preferred Shares”).

More Definitions of Series B Convertible Preferred Shares

Series B Convertible Preferred Shares means shares of the Series B Convertible Preferred Stock. “Series B Notice of Conversion” shall have the meaning set forth in Section 15(c)(i).

Series B Convertible Preferred Shares means the shares of 0% Series B Convertible Preferred Stock, no par value, of Parent.

Series B Convertible Preferred Shares means the shares of 0% Series B Convertible Preferred Stock, no par value, of Purchaser. “Share Consideration” means 11,800,000 Purchaser Common Shares.

Series B Convertible Preferred Shares means the Series B Convertible Preferred Shares of a nominal or par value of US$1.00 in the capital of the Company having the rights set out in these Articles.

Series B Convertible Preferred Shares means the series B preferred shares (actions de préférence de catégorie B) of the Company as defined in the revised Company’s articles of association as set out in Schedule 4 (Company Resolutions);