Examples of Series H Conversion Date in a sentence
Holders of Class A Preferred Shares Series H who elect to convert their Class A Preferred Shares Series H into Class A Preferred Shares Series G on the Series H Conversion Date are required to provide the Corporation with written notice (a “Conversion Notice”) on a date not earlier than the 30th day and not later than 5:00 p.m. (Toronto time) on the 15th day preceding the applicable Series H Conversion Date.
Should any such June 30 not be a Business Day, the Series H Conversion Date will be the next succeeding Business Day.
Notice of a Series H Conversion Date and a form of Conversion Notice will be given by the Corporation to the then registered holders of Class A Preferred Shares Series H at least 30 days and not more than 60 days prior to the Series H Conversion Date.
Written notice of the Annual Fixed Dividend Rate on the Class A Preferred Shares Series G (the “Annual Fixed Dividend Rate”) for the next succeeding five-year period, after the initial period ending on June 29, 2017 will be provided by the Corporation to the then registered holders of the Class A Preferred Shares Series H on the 30th day prior to each Series H Conversion Date.
The Corporation will give notice in writing thereof to all registered holders of the Class A Preferred Shares Series H at least seven days prior to the applicable Series H Conversion Date.
On each Series H Conversion Date, the holders of First Preference Shares, Series H, have the option to convert any or all of their First Preference Shares, Series H into an equal number of cumulative redeemable floating rate First Preference Shares, Series I.
On each First Preference Shares, Series H Conversion Date, being June 1, 2015 and June 1st every five years thereafter, the Corporation has the option to redeem for cash all or any part of the outstanding First Preference Shares, Series H, at a price of $25.00 per share plus all accrued and unpaid dividends up to but excluding the date fixed for redemption.
The motion carried on a unanimous vote and the Commission went into Closed Session at 5:52 p.m. Commissioner Tucker moved to return to open session.
On the 30th day prior to each Series H Conversion Date, the Corporation shall give notice in writing to the then registered holders of the Series H Preferred Shares of the Annual Fixed Dividend Rate for the Series G Preferred Shares for the next succeeding Subsequent Fixed Rate Period and the Floating Quarterly Dividend Rate for the Series H Preferred Shares for the next succeeding Quarterly Floating Rate Period.
The conversion right may be exercised by a holder of Series H Preferred Shares by notice in writing, in a form satisfactory to the Corporation (the “Series H Conversion Notice”), which notice must be received by the transfer agent and registrar for the Series H 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 H Conversion Date.