Perpetual Preference Shares definition
Examples of Perpetual Preference Shares in a sentence
The Preference Shares shall, with respect to dividend rights or rights upon the liquidation, winding-up or dissolution of the Company, rank (a) senior to all Junior Stock, including, without limitation, the Ordinary Shares, (b) on parity with all Parity Stock, including, without limitation, the 5.625% Perpetual Preference Shares and the 5.95% Perpetual Preference Shares, (c) junior to any Senior Stock and (d) junior to all of the Company’s existing and future debt obligations.
Ordinary Shares), and were issued and outstanding; and 10,000,000 were designated as 8-5/8% Guaranteed Perpetual Preference Shares, par value U.S.$25.00, and were issued and outstanding.
Convertible Stock"), and were issued and outstanding; 3,800,000 were designated as Cumulative Perpetual Preference Shares, par value U.S.$25.00, and were issued and outstanding; 68.8 were designated as 5.147% Subsidiary Preference Shares (represented by 209,708,738 News Corp.
No implied covenants or obligations of or against the Remarketing Agent shall be read into this Agreement or the Certificate of Designation for the Perpetual Preference Shares.
In the absence of bad faith on the part of the Remarketing Agent, the Remarketing Agent may conclusively rely upon any document furnished to it, which purports to conform to the requirements of this Agreement or the Certificate of Designation for the Perpetual Preference Shares as to the truth of the statements expressed in any of such documents.
The Perpetual Preference Shares of Quayside Holdings Limited are listed on the NZDX.
In 2008, BOPRC raised $200 million through the issue of Perpetual Preference Shares, in Quayside.
In no event shall the Remarketing Agent remarket the Remarketed Perpetual Preference Shares at a fixed rate per annum that is lower than 5.625% or exceeds the maximum rate permitted by applicable law.
Based solely on the Officer’s Certificate and the Company Register of Members the authorised capital of the Company at the date of this opinion consists of USD[ ] divided into: (i) [ ] common shares of par value USD0.01 each, (ii) [ ] undesignated shares of par value USD0.01 each, and (iii) 3,450,000 Series A Cumulative Redeemable Perpetual Preference Shares, $0.01 par value, with a liquidation preference of $25.00 per share.
Nothing herein shall be deemed to obligate the Remarketing Agent to purchase any of the Remarketed Perpetual Preference Shares that would otherwise remain unsold in a Remarketing, or to obligate either the Remarketing Agent or the Company to make payment upon tender of Remarketed Perpetual Preference Shares in connection with a Remarketing.