New Preferred Shares definition

New Preferred Shares means a further series of Class A First Preferred Shares constituted by the Board of Directors having rights, privileges, restrictions and conditions attaching thereto which would qualify such New Preferred Shares as Tier 1 capital or equivalent of the Bank under the then current capital adequacy guidelines prescribed by the Superintendent if applicable, and if not applicable, having such rights, privileges, restrictions and conditions as the Board of Directors may determine, provided that in each case such New Preferred Shares will not, if issued, be or be deemed to be “short term preferred shares” within the meaning of the Tax Act.

New Preferred Shares means a further series of Class 1 Shares constituted by the Board of Directors having rights, privileges, restrictions and conditions attaching thereto which would qualify such New Preferred Shares as Tier 1 capital or equivalent of MFC under the then current capital adequacy guidelines established by the Superintendent.

New Preferred Shares has the meaning ascribed to it in Section 1B(iii).

Examples of New Preferred Shares in a sentence

• Each such series shall be so designated as to distinguish it from other series of New Preferred Shares and from series of Preferred Shares.

• Subject to the provisions of this Article IV, New Preferred Shares of any particular series shall be entitled to such voting rights, if any, as may be specified for shares of such series in the certificate of determination of preferences of such series filed as provided below; all Preferred Shares shall be entitled to voting rights on the basis of one vote per share; and all Common Shares shall be entitled to voting rights on the basis of one-tenth of one vote per share.

• New Preferred Shares may be issued from time to time in one or more series.

• The total number of shares which this Corporation is authorized to issue is 30,233,200; 150,000 shares are to be New Preferred Shares with no par value and a stated value of $100 per share and an aggregate stated value of $15,000,000; 83,200 shares are to be Preferred Shares with a par value of $25 per share and an aggregate par value of $2,080,000; and 30,000,000 shares are to be Common Shares, no par value with a stated value of $2.50 per share and an aggregate stated value of $75,000,000.

• This Corporation is authorized to issue three classes of stock to be designated, respectively, "New Preferred Shares", "Preferred Shares", and "Common Shares".

More Definitions of New Preferred Shares

New Preferred Shares means shares of New Preferred Stock (as such term is defined in the Plan).

New Preferred Shares has the meaning set forth in the preamble hereto.

New Preferred Shares means preferred shares, par value $.01 per share, of New GX.

New Preferred Shares means the Series A-1 Convertible Preferred Shares, Series B-1 Convertible Preferred Shares, Series N-1 Convertible Preferred Shares and Series N-2 Shares of the Company with such rights and designations set forth in the by-laws (estatutos) of the Company on the Issue Date and issued in connection with the Recapitalization or in connection with any stock splits, stock dividends and similar events with respect to such New Preferred Shares.

New Preferred Shares shall have the meaning ascribed thereto in the recitals.

New Preferred Shares means the Mandatory Convertible Preferred Shares, Series E in the capital of the Company;

New Preferred Shares means the Mandatory Convertible Preferred Shares, Series E in the capital of the Issuer to be created upon the filing of articles of amendment and having the rights, privileges, restrictions and conditions set forth in such articles of amendment and substantially in the form attached as Exhibit B;