Preferred Shares Redemption definition

Preferred Shares Redemption means the redemption of all series of the outstanding Preferred Shares.
Sample 1

Examples of Preferred Shares Redemption in a sentence

  • On or after the Series A Preferred Shares Redemption Date, each holder of Series A Preferred Shares to be redeemed must present and surrender his Series A Preferred Share certificates to the Company at the place designated in such notice and thereupon the redemption price of such shares will be paid to or on the order of the Person whose name appears on such Series A Preferred Share certificates as the owner thereof and each such Series A Preferred Share certificate surrendered will be canceled.

  • From and after the Preferred Shares Redemption Date, holders of Preferred Shares shall cease to be shareholders of the Corporation and the sole right of holders of Preferred Shares shall be to receive the Preferred Shares Redemption Price as provided herein.

  • Any moneys so deposited which remain unclaimed by the holders of the Series A Preferred Shares at the end of two years after the Series A Preferred Shares Redemption Date will be returned by such bank or trust company to the Company.

  • In this regard, the Company shall be operated in such a manner as its Directors deem reasonable and necessary or appropriate to preserve the bankruptcy-remote status of the Company as a separate entity from each Member and its Affiliates until one year and one day after the Redeemable Preferred Shares Redemption Date.

  • Series F Preferred Shares Redemption On July 23, 2018, Seaspan redeemed all of its outstanding 10.5% Series F preferred shares for$140.0 million plus $3.4 million of accrued dividends.Summary of Key Financial Results (in thousands of US dollars): (1) These are non-GAAP financial measures.

  • Any monies so deposited which remain unclaimed by the holders of the Series A Preferred Shares at the end of two years after the Series A Preferred Shares Redemption Date will be returned by such bank or trust company to the Company.

  • Series G Preferred Shares Redemption On September 30, 2020, the Company redeemed all of its 6,900,000 Series G Preferred Shares for a redemption price equal to $25.00 per share for a total of $172,500 together with all accrued and unpaid dividends.

  • Notwithstanding anything to the contrary contained herein or in the CCFC Debt Documents and notwithstanding the occurrence of any repayment, redemption, satisfaction, termination or similar event in relation to any CCFC Debt Document or the obligations thereunder, the Common Member and Redeemable Preferred Members agree that the Company’s obligations under this Agreement shall continue as though the CCFC Debt Documents remained in full force and effect until the Redeemable Preferred Shares Redemption Date.

  • Variations in State Law Do Not Defeat Predominance Fetsch and Roland also argue that the district court failed to address variations in state law affecting claims by used car purchasers and that it was required to do so under Mazza v.

  • If and so long as any Preferred Shares Redemption Obligation shall not be fully discharged, the Company shall not, directly or indirectly, declare or pay any dividend or make any distribution, or purchase, redeem or satisfy any mandatory redemption, sinking fund or other similar obligation.

Related to Preferred Shares Redemption

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Early Preference Share Redemption Event means the event that occurs if:

  • Early Preference Share Redemption Date means the day falling ten Business Days after the Early Preference Share Valuation Date.

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.