Senior Preference Shares definition

Senior Preference Shares means, after such time as all Outstanding Parity Instruments have been redeemed and discharged in full, any of the Company’s preference shares, except for the most junior class of preference shares provided for at any time by the Company’s Articles of Association, whether or not any such preference shares are outstanding.
Sample 1Sample 2Sample 3
Senior Preference Shares has the meaning given to such term in the Second Supplemental Shareholders’ Agreement.
Sample 1Sample 2
Senior Preference Shares means the 15 percent paid-in-kind senior preference shares to be issued by Almatis Topco 1, which Senior Preference Shares shall be senior to the Junior Preference Shares. All Senior Preference Shares, whether issued on the Effective Date or otherwise, shall be issued to STAK 1, for which Senior Preference Shares STAK 1 shall issue (a) the DIC Senior Preference STAK 1 Depository Receipts and (b) upon exercise of the SSN Senior Preference Share Warrants, the SSN Senior Preference STAK 1 Depository Receipts. The terms of the Senior Preference Shares will be consistent with the Restructuring Term Sheet, and the definitive documents with respect to such Senior Preference Shares will be filed in the Plan Supplement.
Sample 1

Examples of Senior Preference Shares in a sentence

  • The Senior Preference Shares were redeemed and cancelled in 2019 using the proceeds raised via the issue by BEE SPV of the Class C Preference Shares to Grindrod Holdings.

  • The impact on the income statement of the Group is the loss of the interest income earned on the cash on deposit of R10,7 million at a pre-tax interest rate of 6.8%, which was used to repay the Senior Preference Shares and additional interest expense of R20.5 million based on the Group cost of borrowing of 7.7%, net of tax.

  • In addition to the equity contribution by BEE SPV, and in order to partially fund the acquisition of the BEE Placement Shares, Grindrod and ABSA provided funding to BEE SPV by way of preference share investments, whereby BEE SPV issued the Senior Preference Shares to ABSA and the Vendor Preference Shares to Grindrod in order to raise an aggregate R850 million.

  • On the other hand, it is worth our efforts to allocate a contiguous memory space for all the input arrays, especially for the small number of loop iterations.Figure 15 here.

  • In terms of the Senior Preference Share Subscription Agreement, on winding up or a return of capital by BEE SPV, the value of the outstanding Senior Preference Shares plus any unpaid preference dividends attached thereto ranked in priority to and before any provision for, or payment of, any distribution in respect of another class of share in the capital of BEE SPV.

  • Pictures of various sessions with research participants duringthe field work 240 ABBREVIATION Abbreviation Meaning EDEISQ Exploring and Developing Emotional Intelligence SkillsQuestionnaire.

  • LLC4 entered into a sale and purchase agreement with LLC5 to acquire the LLC6 Senior Preference Shares on 26 November 2015 for $420,000,000 (the “Prepaid Forward Contract”).

  • The holders of the Senior Preference Shares (see Note 24) are entitled to a quarterly dividend at the rate of 12.875% per annum on the outstanding cumulative balance, and such quarterly amounts are therefore being accrued.

  • The Senior Preference Shares are non-voting, except in certain circumstances where the rights of holders of Senior Preference Shares may be affected and, with respect to dividend rights and distributions upon liquidation, winding-up and dissolution of the Company, will rank senior to all other classes of equity securities of the Company and junior to all indebte dness.

  • It is expected that the Senior Preference Shares will be redee med at 112.875% of the sum of the issue price and accumulated unpaid dividends on 27 June 2002.


More Definitions of Senior Preference Shares

Senior Preference Shares means the Series D Preference Shares, Series E Preference Shares, Series F Preference Shares and Series G Preference Shares.
Sample 1

Related to Senior Preference Shares

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • 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.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • 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.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

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

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

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series E Preferred Shares means the Series E 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.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • 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.