Examples of Share Redemption Right in a sentence
The Redemption Notice shall also specify the aggregate principal amount of Debentures in respect of which it is exercising the Share Redemption Right.
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For greater certainty, if the foregoing conditions are met with respect to certain holders only, the Corporation will be entitled to exercise the Common Share Redemption Right in respect of such holders, and shall pay the principal amount of the Debentures of the other holders in cash as aforementioned.
When the Corporation determines the actual number of the Shares to be issued pursuant to the Corporation's exercise of its Share Redemption Right, it will issue a press release on a national newswire disclosing the Current Market Price and such actual number of Shares.
The Debenture Trustee shall have no obligation to calculate or verify the Share Redemption Right.
The Company shall also, subject to Article 5, deposit with the Trustee a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee in connection with the Common Share Redemption Right.
No fractional shares or scrip representing fractions of Common Shares shall be issued upon redemption of a Series A Preferred Share pursuant to the Trust's Share Redemption Right.
The Redemption Notice will also specify the aggregate principal amount of Debentures in respect of which it is exercising the Common Share Redemption Right.
In connection with a redemption by the General Partner, pursuant to the exercise of a Share Redemption Right (as defined in the Declaration of Trust), of any or all of the Series A Preferred Shares, the Partnership shall issue to the General Partner a number of Class A Units equal to the number of Common Shares issued in payment of the redemption price of the Class A Preferred Shares so redeemed, and one Series A Preferred Mirror Unit for each Series A Preferred Share so redeemed shall be canceled.
When the Corporation determines the actual number of the Common Shares to be issued pursuant to the Corporation's exercise of its Common Share Redemption Right, it will issue a press release on a national newswire disclosing the Current Market Price and such actual number of Common Shares.