Preference Share Issue Price definition

Preference Share Issue Price means an issue price for each Preference Share of USD1.00 (that is, one Preference Share for each USD1.00 in aggregate principal amount of Bonds except that fractions of Preference Shares shall not be delivered and no compensation shall be payable in respect of any non-delivery of a fraction of a Preference Share).
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Examples of Preference Share Issue Price in a sentence

  • If there shall be insufficient assets and funds to be distributed among the Class A Preference members of their full Original Preference Share Issue Price, then the remaining assets and funds of the Company shall be distributed ratably among the holders of the Class A Preference Shares in proportion to the amounts of such Class A Preference Shares owned by each such holder.

  • Upon the full satisfaction of Original Preference Share price of the Class C Preference Shares and the Class B Preference Shares, the Class A Preference Shares shall be paid their Original Preference Share Issue Price.

  • Each Preference Shares shall be convertible at the option of the holder into such number of fully paid Common Shares as is determined by dividing the Original Preference Share Issue Price for that particular class of Preference Share by the Conversion Price for such class of Preference Share, determined as hereafter provided, in effect on the date of the receipt by the Company of written notice of conversion pursuant to Clause 6.

  • 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.