Initial nVent Preferred Share definition

Initial nVent Preferred Share means one preferred share, with a par value of $0.01, of nVent, issued and outstanding as of immediately prior to the consummation of the Distribution.

Examples of Initial nVent Preferred Share in a sentence

  • Immediately following the Effective Time, nVent shall acquire by surrender, for no consideration, the Initial Share Capital (with the exception of the Initial nVent Preferred Share) and, immediately following the issuance of a bonus preferred share (the “ Bonus Share ”) to the holder of the Initial nVent Preferred Share (such issuance to occur no earlier than a day after the Distribution Date ) , nVent shall acquire by surrender, for no consideration, the Initial nVent Preferred Share and the Bonus Share.

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