Examples of Series E Preference Shares in a sentence
Such number of shares may be increased or decreased at any time and from time to time by resolution of the Company’s Board of Directors; provided, however, that no decrease shall reduce the number of shares of Series E Preference Shares to a number less than that of the Series E Preference Shares then outstanding plus the number of shares of Series E Preference Shares issuable upon exercise of outstanding rights, options or warrants or upon conversion of outstanding securities issued by the Company.
All Series E Preference Shares which shall have been issued and reacquired in any manner by the Company shall be restored to the status of authorized but unissued shares of the Company, without designation as to class or series.
The Series E Preference Shares shall not be convertible into or exchangeable for any other securities of the Company.
The holders of Series E Preference Shares shall be subject to the provisions of Bye-law 46A, Bye-law 61 and Bye-law 62 contained in the Company’s Bye-laws.
The Series E Preference Shares shall not be entitled to the benefits of any retirement or sinking fund.