Unredeemed Shares definition

Unredeemed Shares means any shares of Series A Preferred Stock which 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 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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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.

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

  • In estimating the fair value of the Grange, the highest and best use of the property is its current use.

  • Upon the consummation of a merger or consolidation of the Corporation with another Person in which the Corporation is not the surviving entity, any Series A Preferred Shares 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 Shares immediately prior to such consummation.

  • 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).

  • Any such increase in the Dividend Rate shall remain in effect until (i) all the Unredeemed Shares have been redeemed or are no longer are outstanding or (ii) the Corporation and each Holder agree to cease such increase in the Dividend Rate.

  • The Company shall provide such holder with the reasonable opportunity to review and comment on such public disclosure and any filings with any governmental entity or any national securities exchange with respect to any conversion of Unredeemed Shares effected pursuant to Articles 3.15 to 3.21.

  • 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.

  • 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.


More Definitions of Unredeemed Shares

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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Unredeemed Shares has the meaning set forth in Section 6(d).
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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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Unredeemed Shares has the meaning set forth in Section 10.
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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;

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

  • 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 means a number of shares of Acquiror Common Stock equal to the quotient obtained by dividing (i) (x) the Base Purchase Price less (y) the Aggregate Cash Consideration, by (ii) $10.00.

  • 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.

  • 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).

  • Subco Shares means the common shares in the capital of Subco;

  • 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 the Common Stock purchase warrants 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 5 years, in the form of Exhibit C attached hereto.

  • 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 $0.00001 per share.

  • Exchanged Shares has the meaning ascribed thereto in Section 2.1.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Series A Preferred Shares means the Series A 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.