Class B Preference Share definition

Class B Preference Share means a class B preference share, no par value, of the Company having the rights, privileges, restrictions and conditions set out in the Memorandum.
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Class B Preference Share means a cumulative, fixed rate, redeemable preference share with a par value of ZAR0,01 (one cent) in the share capital of the Company having the rights, privileges and conditions described in the Class B Preference Share Terms;
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Class B Preference Share means a redeemable preference share issued by the Company to Limited or ▇▇▇▇▇ ▇▇▇▇ on or around the date of this agreement and having the rights for redeemable preference shares set out in schedule 1 of the Constitution.
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Examples of Class B Preference Share in a sentence

  • Each Holdco B Unit consists of one NP share and one Class "B" Preference Share in the capital of Holdco.

  • The holders of the Class B Preference Shares shall be entitled to receive and the Corporation shall pay thereon as and when declared by the Board of Directors out of the monies of the Corporation properly applicable to the payment of dividends, fixed preferential non-cumulative cash dividends at the rate of $0.0024 per Class B Preference Share, payable annually on dates in each fiscal year of the Corporation to be fixed from time to time by resolution of the Board of Directors.

  • No Class B Preference Share may at any time be transferred, except in accordance with the provisions of the Stock Purchase Agreement.

  • Immediately prior to the Acquisition Merger Effective Time, each outstanding Company Class B Preference Share (other than those described in Section 1.2(f)(iii) below and the Dissenting Company Shares) shall automatically convert into one Company Class C Common Share in accordance with the Organizational Documents of the Company.

  • If, after the payment of the US$86.50 per Class C Preference Share, the assets and funds distributed among the holders of Class C Preference Shares and Class B Preference Shares shall be sufficient to permit the payment to such holders of the full Original Preference Share Issue Price, then the Class C Preference Share holders shall be paid US$21.81 per Class C preference Share and the Class B Preference Share holders shall be paid US$40 per share.

  • The Company shall, upon the written request at any time of any holder of Class B Preference Shares, furnish or cause to be furnished to such holder a like certificate setting forth (a) such adjustment and readjustment, (b) the Conversion Price for such series of Class B Preference Shares at the time in effect, and (c) the number of Ordinary Shares and the amount, if any, of other property that at the time would be received upon the conversion of a Class B Preference Share.


More Definitions of Class B Preference Share

Class B Preference Share means a Class B preference share of a par value of US$0.0001 in the share capital of the Company.
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