Unredeemed Shares definition

Unredeemed Shares means any shares of Series B that the Corporation is obligated to redeem on any particular Redemption Date and in respect of which the Corporation has failed to deliver the Redemption Price in full on such Redemption Date.
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Unredeemed Shares means shares redeemed in accordance with this Schedule 1 in respect of which the redemption price has not been paid in full; and
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Unredeemed Shares means the shares of Series A Preferred issued and outstanding that have not otherwise been previously redeemed or converted into shares of Common Stock.
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Examples of Unredeemed Shares in a sentence

  • Upon the consummation of a merger or consolidation of the Company with another Person in which the Company is not the surviving entity, any Series A Preferred Share that is outstanding at such time (including any Unredeemed Shares) shall be converted into or exchanged for preferred shares of the surviving or resulting entity having substantially the same rights, powers, limitations and restrictions of the Series A Preferred Shares immediately prior to such consummation.

  • Unredeemed Shares shall continue to accrue dividends in accordance with the terms hereof up to but excluding the date on which the Corporation pays in full to the holders of such Unredeemed Shares in cash the Redemption Price (re-calculated as of such date).

  • Within two (2) business days following the Company’s receipt of such notice, the Company shall make public disclosure that such portion of the Unredeemed Shares shall be converted into Common Shares.

  • The maximum total aggregate number of Conversion Shares issuable upon conversion of Unredeemed Shares shall be 8,812,315 (subject to appropriate adjustment in the event of any bonus share issue, share division, combination or other similar recapitalization affecting such shares).

  • For the avoidance of doubt, any such Unconvertible Share shall retain all other rights attaching to Unredeemed Shares in accordance with Section 6.2 of the Memorandum.

  • No fractional Common Shares shall be issued upon conversion of any Unredeemed Shares.

  • In the event of any redemption of only a part of the then outstanding Series A Preferred Stock (including Unredeemed Shares), the Company shall effect such redemption pro rata among the holders thereof electing redemption (based on the number of shares of Series A Preferred Stock held by such holders as of 90 days prior to the initial Redemption Date).

  • Notwithstanding anything to the contrary herein, Section 4(b)(ii) shall not apply to Unredeemed Shares.

  • Upon the consummation of a merger or consolidation of the Company with another Person in which the Company is not the surviving entity, any Series A Preferred Stock that is outstanding at such time (including any Unredeemed Shares) shall be converted into or exchanged for preference securities of the surviving or resulting entity having substantially the same rights, powers, limitations and restrictions of the Series A Preferred Stock immediately prior to such consummation.

  • As soon as the Corporation shall have funds legally available to redeem a material portion of the Unredeemed Shares and pay the accrued Redemption Dividends thereon and is not restricted from doing so under the terms of any material credit or loan agreement to which it is a party, then the Corporation shall redeem such portion of Unredeemed Shares and pay the accrued Redemption Dividends thereon from the holders thereof pro rata based on the number of Unredeemed Shares held by them.


More Definitions of Unredeemed Shares

Unredeemed Shares has the meaning set forth in Section 6(d).
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Unredeemed Shares has the meaning set forth in Section 10.
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Unredeemed Shares means the SEAC Class A Ordinary Shares issued and outstanding immediately prior to the SEAC Merger Effective Time, other than the Redemption Shares, the Discounted Non-Redemption Agreement Shares, the Non-Redemption Agreement Shares, the Reduction Right Shares, the Additional Shares and those resulting from the Class B Conversion.
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Related to Unredeemed Shares

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions.

  • Purchaser Preferred Stock means the shares of preferred stock, par value $0.0001 per share, of the Purchaser.

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Limited Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Aggregate Stock Consideration has the meaning set forth in Section 3.01(b)(iii).

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

  • Series D Shares means shares of Series D Convertible Preferred Stock, par value $0.001 per share of the Company and having the rights, privileges, preferences and restrictions set forth in the Charter.

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • Stock Consideration has the meaning set forth in Section 2.01(c).

  • Series B-1 Preferred Shares means the Company’s series B-1 preferred shares, par value US$0.00001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Class B Preferred Shares means class B preferred shares of Pembina;

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.