Series 14 Conversion Date definition

Series 14 Conversion Date. ’ means May 29, 2026, and the last business day of May in every fifth year thereafter.
Sample 1

Examples of Series 14 Conversion Date in a sentence

  • Holders of Series 14 Preferred Shares shall have the right to convert on each Series 14 Conversion Date, subject to the provisions hereof, all or any of their Series 14 Preferred Shares into Series 13 Preferred Shares on the basis of one Series 13 Preferred Share for each Series 14 Preferred Share.

  • The conversion right may be exercised by a holder of Series 14 Preferred Shares by notice in writing, in a form satisfactory to the Corporation (the “Series 14 Conversion Notice”), which notice must be received by the transfer agent and registrar for the Series 14 Preferred Shares at the principal office in Toronto or Calgary of such transfer agent and registrar not earlier than the 30th day prior to, but not later than 5:00 p.m. (Toronto time) on the 15th day preceding, a Series 14 Conversion Date.

  • Such conversion will be deemed to have been made at 5:00 p.m. (Toronto time) on the Series 14 Conversion Date, so that the rights of the holder of such Class 1 Shares Series 14 as the holder thereof will cease at such time and the person or persons entitled to receive Class 1 Shares Series 13 upon such conversion will be treated for all purposes as having become the holder or holders of record of such Class 1 Shares Series 13 at such time.

  • On the 30th day prior to each Series 14 Conversion Date, the Corporation will give notice in writing to the then holders of the Class 1 Shares Series 14 of the Floating Quarterly Dividend Rate for the next succeeding Quarterly Floating Rate Period and the Annual Fixed Dividend Rate applicable to the Class 1 Shares Series 13 for the next succeeding Subsequent Fixed Rate Period, in each case as determined by the Corporation.

  • The Corporation shall, not more than 60 days and not less than 30 days prior to the applicable Series 14 Conversion Date, give notice in writing in accordance with the provisions in subparagraph 2(b) to the then registered holders of the Series 14 Preferred Shares of the conversion right provided for in this paragraph (5), which notice shall set out the Series 14 Conversion Date and instructions to such holders as to the method by which such conversion right may be exercised.

  • On the 30th day prior to each Series 14 Conversion Date, the Corporation shall give notice in writing to the then registered holders of the Series 14 Preferred Shares of the Annual Fixed Dividend Rate for the Series 13 Preferred Shares for the next succeeding Subsequent Fixed Rate Period and the Floating Quarterly Dividend Rate for the Series 14 Preferred Shares for the next succeeding Quarterly Floating Rate Period.

  • Holders of Class 1 Shares Series 14 will not be entitled to convert their shares into Class 1 Shares Series 13 on a Series 14 Conversion Date if the Corporation determines that there would remain outstanding on the Series 14 Conversion Date less than 1,000,000 Class 1 Shares Series 13 after taking into account all Class 1 Shares Series 14 tendered for conversion into Class 1 Shares Series 13 and all Class 1 Shares Series 13 tendered for conversion into Class 1 Shares Series 14.

  • The Corporation will give notice in writing to the then holders of the Class 1 Shares Series 14 of the conversion privilege provided for herein (the “Conversion Privilege”) and such notice will (i) set out the Series 14 Conversion Date, (ii) include instructions to such holders as to the method by which such Conversion Privilege may be exercised, as described in section 4(3), and (iii) be given at least 30 days and not more than 60 days prior to the applicable Series 14 Conversion Date.

Related to Series 14 Conversion Date

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Automatic Conversion Date has the meaning set forth in Section 7(c).

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit or composite currency for the purposes for which it was established.

  • 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.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

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

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Mandatory Conversion shall have the meaning set forth in Section 6.

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

  • Default Conversion Price shall have the meaning set forth in Section 4(b).