A Preference Share definition
Examples of A Preference Share in a sentence
The Optionor hereby grants to the Optionee the irrevocable right to exchange all or part of its Class "A" Preference Shares of Alfa Canada for Common Shares of the Optionor (the "Exchange Option") at the rate of One (1) Class "A" Preference Share of Alfa Canada for Four Thousand (4,000) Common Shares of the Optionor.
The initial Series A Conversion Price shall be US$0.232 per Series A Preference Share.
Each Series A Preference Share shall be convertible, at any time and from time to time from and after the date of the issue thereof, at the option of the Holder thereof, into a number of Ordinary Shares calculated on the basis of the Conversion Ratio in effect at the time of such conversion.
At elections for such directors, the holders of Series A Preference Shares shall be entitled to cast one vote for each one one-thousandth of a Series A Preference Share held.
The consideration for the issue of each Series 5 Preferred Limited Partnership Unit shall be one Class A Preference Share, Series 5 of Brookfield Renewable Power Preferred Equity Inc.
Each Unit consists of one Non-participating Voting Share in the capital stock of NRGF (an "NP share") and one Class "A" Preference Share in the capital stock of 604587 British Columbia Ltd., a body corporate duly incorporated under the laws of the Province of British Columbia, and having a registered office at Suite 1440 - 1066 ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇ (herein referred to as "Holdco").
At the Redemption Closing, subject to applicable law, the Company will, from any source of assets or funds legally available therefor, redeem each Series A Preference Share by paying in cash therefor the Redemption Price against surrender by such holder at the Company’s principal office of the certificate representing such share.
From and after the Redemption Closing, if the Company makes the Redemption Price available to a holder of a Series A Preference Share, all rights of the holder of such Series A Preference Share (except the right to receive the Redemption Price therefor) will cease with respect to such Series A Preference Share, and such Series A Preference Share will not thereafter be transferred on the books of the Company or be deemed outstanding for any purpose whatsoever.
No adjustment in the Series A Conversion Price of a particular Series A Preference Share shall be made in respect of the issuance of Additional Ordinary Shares unless the consideration per share for an Additional Ordinary Share issued or deemed to be issued by the Company is less than the Series A Conversion Price in effect on the date of, and immediately prior to such issue.
The Company shall at all times reserve and keep available out of its authorized but unissued Ordinary Shares, solely for the purpose of effecting the conversion of the Series A Preference Share, such number of its Ordinary Shares as shall from time to time be sufficient to effect the conversion of all outstanding Series A Preference Share.