Preference Shares. The term “
Preference Shares. The Corporation shall, where this clause is operative, take such steps as may be required or are desirable to effect the conversion of the issued and outstanding Class 3 Preference Shares into Common Shares.
Preference Shares. (a) The Company may issue preference shares and issued shares may be converted into preference shares provided that the rights of the holders of the preference shares with respect to the repayment of capital, participation in surplus assets and profits, cumulative or non-cumulative dividends, voting and priority of payment of capital and dividends in relation to other shares or other classes of preference shares are:
Preference Shares. When duly issued and paid for pursuant to and in accordance with the terms of the Underwriting Agreement and the Resolutions the Preference Shares will be validly issued, fully paid, non-assessable shares of the Company and will not be subject to any statutory pre-emptive or similar rights under Bermuda law or the Constitutional Documents.
Preference Shares. (a) The Parent shall not redeem the Preference Shares using the proceeds of any Loan.
Preference Shares. PLC and NV undertake to procure that the NV Preference Shares are cancelled prior to, or at, the Effective Date.
Preference Shares. The rights, privileges, restrictions and conditions attaching to the Preference Shares shall be as follows:
Preference Shares it will not, and will procure that none of its Subsidiaries will, issue any shares or stock which are redeemable at the option of the holder thereof or which mature or are mandatorily redeemable or which are convertible or exchangeable for Borrowed Money of the Group save as set out in Schedule 13;
Preference Shares. If the Next Financing does not occur prior to the expiration of this Warrant or if the Holder elects for the “Shares” to be the Company’s Series B-1 Preference Shares, “Shares” shall mean the Company’s Series B-1 Preference Shares.
Preference Shares. 4.6. To the extent a Holder surrenders Warrants in payment of the aggregate Warrant Exercise Price pursuant to clause 4.4 and only a portion of the Warrants comprised in the Warrant Certificate(s) delivered to the Grantor are applied to such payment (and the remainder of the Warrants are not otherwise exercised or surrendered), Grantor shall execute under its common seal (or otherwise as a deed) and issue to such Holder a fresh Warrant Certificate indicating the number of Warrants in respect of which the Holder is thereafter entitled to exercise. Any Warrant Certificate surrendered pursuant to clause 4.4. shall be canceled and destroyed by the Grantor.
