Participating Securities definition
Examples of Participating Securities in a sentence
The impact on earnings per share as a result of having two distinct classes of shares, common and preferred, is dictated by Emerging Issues Task Force Issue No. 03-6 "Participating Securities and the Two-Class Method under FAS 128".
Without characterizing the Participating Securities or the Taberna Transferred Rights as a “security” within the meaning of the applicable securities laws, it has not made any offers to sell, or solicitations of any offers to buy, all or any portion of the Participating Securities or Taberna Transferred Rights in violation of any applicable securities laws.
In informing holders of Participating Securities, no Dealer-Manager shall be deemed to be acting as the agent of the Company or as the agent of any broker, dealer, bank or trust company, and no broker, dealer, bank or trust company shall be deemed to be acting as such Dealer-Manager’s agent or as the agent of the Company.
Immediately after the closing of the Proposed Transaction the Selling Holder shall deliver to each Rights Holder, by wire transfer of immediately available fund to the bank account or accounts specified in the Acceptance Notice, the purchase price for the Participating Securities, if any, sold thereby.
If the Minority Shareholder elects to participate in the contemplated Tag-Along Sale, the Minority Shareholder (a “Tag-Along Seller”) shall be entitled to sell its Tag-Along Participating Securities in such Tag-Along Sale, on terms no more or less favourable to the Tag-Along Seller than those agreed between the Tag-Along Majority Shareholder and the proposed transferee.