Examples of Series B Ordinary Shares in a sentence
If the above conditions are not satisfied, then the PO Redemption shall not be effected and all Elections to convert into Series B Ordinary Shares shall be null and void.
The Ordinary Shares are, at the date of adoption of these Articles, divided into 150,000,000 Series A Ordinary Shares and 100,000,000 Series B Ordinary Shares having, in each case, the rights set forth in these Articles.
Unless the Series B Ordinary Shares issuable on conversion are to be issued in the same name as the name in which such Series A Ordinary Shares are registered, all shares surrendered for conversion shall be accompanied by instruments of transfer duly executed by the registered holder or such holder's duly authorized attorney and an amount sufficient to pay any transfer or similar tax.
On and following the Re-designation Date each holder of Series B Ordinary Shares shall, on tendering their share certificates in respect of their Series B Ordinary Shares, be entitled to receive, without payment, a new certificate under the common seal of the Company representing an equal number of Ordinary Shares without reference to series.
The holders of Series A Ordinary Shares and Series B Ordinary Shares shall at all times vote together as one class on all resolutions of the Members.
CONVERSION OF SERIES A ORDINARY SHARE 18.1 Subject to and upon compliance with the provisions of Articles 18.2 and 18.3, the holder of any Series A Ordinary Shares shall have the right, at such holder's option, at any time prior to the Re-designation Date to convert such Series A Ordinary Shares into the same number of Series B Ordinary Shares.
The “ B1 Ordinary Voting Ratio” shall mean that number equal to the quotient obtained by dividing (A) (the number of issued and outstanding Series B Ordinary Shares as at such record date less the number of Series B Ordinary Shares converted to Ordinary Shares as at such date), by (B) the number of issued and outstanding Series B1 Ordinary Shares as at such record date.
Note: People participating in the Commonwealth’s Community Development Program (CDP) are not considered to be in an employer/employee relationship so were not recorded as ‘employed’ in the 2021 Census unless they also had a non-CDP job.