Examples of Series E Conversion Date in a sentence
On the Series E Conversion Date, the Partnership shall issue to such Series E Unitholder (or designated recipient(s)) a Certificate or Certificates for the number of Series E Conversion Units to which such holder shall be entitled.
On any Series E Conversion Date, the Corporation may redeem all or any number of the outstanding Series E Shares, at its option, by the payment in cash of $25.00 per share so redeemed together with all accrued and unpaid dividends thereon to, but excluding, the date fixed for redemption (less any tax required to be deducted or withheld by the Corporation) (the “Conversion Date Redemption Price”).
The Series E Shares rank senior to the Common Shares and rank on parity with every other series of preferred shares as to dividends, may be redeemed by AQN on any Series E Conversion Date (as defined in the articles of AQN), and are convertible into Series D Shares upon the occurrence of certain events.
The Person or Persons entitled to receive the Series D Preferred or Series C Preferred, as applicable, issuable upon conversion of Series E Preferred or other property issuable upon conversion of the Series E Preferred on any applicable Series E Conversion Date shall be treated for all purposes as the record holder(s) of such shares of Series D Preferred or Series C Preferred, as applicable, as of the close of business on such Series E Conversion Date.
The Series E Shares rank senior to the Common Shares and rank on parity with every other series of preferred shares as to dividends, may be redeemed by APUC on any Series E Conversion Date (as defined in the articles of APUC), and are convertible into Series D Shares upon the occurrence of certain events.
If a Series E Conversion Date for any shares of Series E Preferred is prior to the close of business on a Series E Dividend Record Date for any declared dividend for the then-current Series E Dividend Period, the Holder of such shares will not be entitled to any such dividend.
Such conversion shall be deemed to have been effected immediately prior to the close of business on the Series E Conversion Date, and at such time the rights of the holder as holder of the converted shares of Series E Preferred Stock shall cease and the person or persons in whose name or names any certificate or certificates for shares of Common Stock shall be issuable upon such conversion shall be deemed to have become the holder or holders of record of the shares of Common Stock represented thereby.
If the Series E Conversion Date for any shares of Series E Preferred is after the close of business on a Series E Dividend Record Date for any declared dividend for the then-current Series E Dividend Period, but prior to the corresponding Series E Dividend Payment Date, the Holder of such shares shall be entitled to receive such dividend on the Series E Dividend Payment Date, notwithstanding the conversion of such shares prior to the Series E Dividend Payment Date.
The holders of the exchanged Series E Preferred Units shall be deemed to have surrendered the same to the Partnership, and the Partnership shall be deemed to have issued Partnership Units at the close of business on the Series E Conversion Date.
Holders of Series E Preferred Shares who elect to convert their Series E Preferred Shares into Series D Preferred Shares on the Series E Conversion Date are required to provide Algonquin Power with written notice (a “Series E Election Notice”) on a date not earlier than the 30th day and not later than 5:00 p.m. (Toronto time) on the 15th day preceding the applicable Series E Conversion Date.