Preferred Shares definition
Examples of Preferred Shares in a sentence
The proceeds of the Notes shall be used (a) to pay a portion of the purchase price for the Specified Acquisition and (b)(i) the repayment in full of the Existing Credit Facility (the “Refinancing”) and (ii) the redemption of Series A Preferred Shares and (c) for general corporate purposes, including to pay the Transaction Expenses.
The Common Shares being offered by the selling shareholders are those issuable to the selling shareholders, upon conversion of the shares of Class C Preferred Shares.
The Company shall pay a dividend of twelve percent (12%) per annum on any purchased Preferred Shares, for as long as the relevant Preferred Shares have not been redeemed or converted.
No Company Subsidiary owns any Company Common Shares or Company Preferred Shares or has any option or warrant to purchase any Company Common Shares or Company Preferred Shares or any other Equity Interest in the Company.
Since the close of business on the Capitalization Date, the Company has not issued any Company Common Shares (inclusive of Company Restricted Shares), Company Preferred Shares, Company DCP Units or other Equity Interests other than Company Common Shares issued upon the settlement of Company DCP Units outstanding as of the close of business on the Capitalization Date in accordance with their terms or as permitted pursuant to Section 6.1.