Examples of Series I Conversion Date in a sentence
On any date after June 1, 2015, that is not a Series I Conversion Date, the Corporation has the option to redeem for cash all or any part of the outstanding First Preference Shares, Series I at a price of $25.50 per share plus all accrued and unpaid dividends up to but excluding the date fixed for redemption.
On any Series I Conversion Date, if the Corporation determines that there would be less than 1 million First Preference Shares, Series I outstanding, such remaining First Preference Shares, Series I will automatically be converted into an equal number of First Preference Shares, Series H.
Each share of Series I Stock shall be converted into the number of shares of Common Stock as is determined by multiplying each such share by a fraction, the numerator of which is Four Dollars and Twenty-Five Cents ($4.25) and the denominator of which is the Series I Conversion Price in effect on the Series I Conversion Date as determined by reference to Subparagraph 5(d)(ii) below.
PREFERENCE SHARES (cont’d)On each First Preference Shares, Series I Conversion Date, being June 1, 2020 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 I at a price of $25.00 per share plus all accrued and unpaid dividends up to but excluding the date fixed for redemption.
Holders of Class A Preferred Shares Series I who elect to convert their Class A Preferred Shares Series I into Class A Preferred Shares Series J on the Series I Conversion Date are required to provide the Company with a 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 I Conversion Date.
Notice of a Series I Conversion Date and a form of Conversion Notice will be given by the Company to the then registered holders of Class A Preferred Shares Series I at least 30 days and not more than 60 days prior to the Series I Conversion Date.
Should any such March 31 not be a Business Day, the Series I Conversion Date will be the next succeeding Business Day.
Written notice of the Annual Fixed Dividend Rate for the next succeeding Subsequent Fixed Rate Period will be provided by the Company to the then registered holders of the Class A Preferred Shares Series I on the 30th day prior to each Series I Conversion Date.
The Company will give notice in writing thereof to all registered holders of Class A Preferred Shares Series I at least seven days prior to the applicable Series I Conversion Date.
On each First Preference Shares, Series I Conversion Date, being June 1, 2020 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 I at a price of $25.00 per share plus all accrued and unpaid dividends up to but excluding the date fixed for redemption.