Series J Preferred Shares definition

Series J Preferred Shares means Series J convertible preferred shares of a par value of US$0.00075 each in the capital of the Company and having the rights, benefits and privileges provided for in a certificate of designation authorized by the Board of Directors;

Series J Preferred Shares means the Company’s 7.00% Cumulative Redeemable Perpetual Preferred Shares – Series J.

Series J Preferred Shares means the 6.875% Series J Cumulative Redeemable Preferred Shares of Beneficial Interest (liquidation preference $25.00 per share), no par value, issued by the General Partner.

Examples of Series J Preferred Shares in a sentence

• Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series J Preferred Units into Series J Preferred Shares, or (ii) a redemption of Series J Preferred Units, on the exchange date or redemption date, as applicable (each a "Series J Preferred Unit Distribution Payment Date"), commencing on the first of such payment dates to occur following their original date of issuance.

• To the extent any such attempted exchange for Series J Preferred Shares would be in violation of the previous sentence, it shall be void ab initio and such Series J Limited Partner shall not acquire any rights or economic interest in the Series J Preferred Shares otherwise issuable upon such exchange.

• Accordingly, the Board of Directors resolved to propose to the General Meeting to approve the issuance of a new series of preferred shares, to be titled the Series “J” Preferred Shares (the “Series J Preferred Shares”) on the indicative terms and conditions summarized below: Indicative terms and conditions applicable to the Series J Preferred Shares: The Series J Preferred Shares ........................

• The Series J Preferred Shares have no fixed redemption date, and the Bank shall only have the right to redeem in the limited circumstances set out below.

• In any case, the actual amount distributable in respect of the Series J Preferred Shares for any year shall be determined by, and otherwise be subject to the approval of, the Bank’s Shareholders at the General Meeting of Shareholders (or any other shareholders’ meeting) at which the relevant annual audited financial statements of the Bank are approved.

More Definitions of Series J Preferred Shares

Series J Preferred Shares means the Fund’s Series J Cumulative Term Preferred Shares, par value $0.001 per share, liquidation preference $25,000 per share.

Series J Preferred Shares or “Series J Preferred Stock” means the shares of Series J 6% Redeemable Convertible Preferred Stock of the Company.

Series J Preferred Shares shall have the meaning set forth in the recitals.

Series J Preferred Shares means the Trust’s 7.625% Series J Cumulative Redeemable Preferred Shares of beneficial interest, par value $0.01 per share.

Series J Preferred Shares means the shares of Series J ------------------------- Cumulative Convertible Redeemable Preferred Shares. "Set apart for payment" shall be deemed to include, without any action --------------------- other than the following, the recording by the Trust in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to a declaration of dividends or other distribution by the Board, the allocation of funds to be so paid on any series or class of Shares; provided, however, that if any funds for any class or series of Junior -------- ------- Shares or any class or series of Shares ranking on a parity with the Series J Preferred Shares as to the payment of dividends are placed in a separate account of the Trust or delivered to a disbursing, paying or other similar agent, then "set apart for payment" with respect to the Series J Preferred Shares shall mean placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent.

Series J Preferred Shares has the meaning specified therefor in the recitals of this Agreement.

Series J Preferred Shares means the Trust’s 7.625% Series E Cumulative Redeemable Preferred Shares of beneficial interest, par value $0.01 per share. “Set apart for payment” shall be deemed to include, without any action other than the following, the recording by the Trust in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to a declaration of dividends or other distribution by the Board of Trustees, the allocation of funds to be so paid on any series or class of Equity Shares of the Trust; provided, that the funds are actually available for and have been segregated for such purpose; provided, further, that if any funds for any class or series of Junior Shares or any class or series of Parity Shares are placed in a separate account of the Trust or delivered to a disbursing, paying or other similar agent, then “set apart for payment” with respect to the Series K Preferred Shares shall mean placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent.