Examples of Series B Share in a sentence
Conversion Each Series B Share (together with any accrued but unpaid dividends thereon) is convertible into shares of Common Stock at the option of the holder at any time at a conversion price per share equal to the sum of the Stated Value a divided by the Conversion Price, subject to adjustment as described below.
Conversion of SharesA Series A Share can be converted to a Series B Share upon the demand of a shareholder provided that the conversion can take place within the limits of the minimum and maximum amounts of the share series.
The holder of the Series B Share shall be entitled to a number of votes equal to the number of Exchangeable Shares outstanding on the record date for determining shareholders entitled to vote at the applicable stockholder meeting or in connection with the applicable consent of stockholders, other than those held by the Corporation or its affiliates.
For purposes of this Section 14(b), the current market value of a Series B Share shall be the closing price of a Series B Share (as determined pursuant to Section 11(d)(ii) hereof) for the Trading Day immediately prior to the date of such exercise.
In lieu of fractional Series B Shares that are not integral multiples of one one-hundredth of a Series B Share, the Company shall pay to the registered holders of Right Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current market value of one Series B Share.