Series J Preferred Shares definition

Series J Preferred Shares means the Company’s 7.00% Cumulative Redeemable Perpetual Preferred Shares – Series J.

Series J Preferred Shares means the newly-issued shares of the Fund’s Series J Cumulative Term Preferred Shares, par value $0.001 and liquidation preference $25,000 per share.

Series J Preferred Shares means Series J convertible preferred shares of a par value of US$0.00075 in the capital of the Company and having the rights, benefits and privileges provided for in a certificate of designation authorized by the Board of Directors;

Examples of Series J Preferred Shares in a sentence

• Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series J Preferred Units into Series J Preferred Shares, or (ii) a redemption of Series J Preferred Units, on the exchange date or redemption date, as applicable (each a "Series J Preferred Unit Distribution Payment Date"), commencing on the first of such payment dates to occur following their original date of issuance.

• In addition, no transfer may be made to any person if such transfer would cause the exchange of the Series J Preferred Units for Series J Preferred Shares, as provided herein, to be required to be registered under the Securities Act of 1933, as amended, or any state securities laws.

• In any case, the actual amount distributable in respect of the Series J Preferred Shares for any year shall be determined by, and otherwise be subject to the approval of, the Bank’s Shareholders at the General Meeting of Shareholders (or any other shareholders’ meeting) at which the relevant annual audited financial statements of the Bank are approved.

• It is expected that distributions, if any, in an amount equivalent to 7.00% of the Issue Price will be paid annually to holders of the Series J Preferred Shares (subject as set out below).

• Except as provided above, the Trust will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series J Preferred Shares for which a notice of redemption has been given.

More Definitions of Series J Preferred Shares

Series J Preferred Shares or “Series J Preferred Stock” means the shares of Series J 6% Redeemable Convertible Preferred Stock of the Company.

Series J Preferred Shares shall have the meaning set forth in the recitals.

Series J Preferred Shares means the Fund’s Series J Cumulative Term Preferred Shares, par value $0.001 per share, liquidation preference $25,000 per share.

Series J Preferred Shares means the Trust’s 7.625% Series J Cumulative Redeemable Preferred Shares of beneficial interest, par value $0.01 per share.

Series J Preferred Shares means the shares of Series J ------------------------- Cumulative Convertible Redeemable Preferred Shares. "Set apart for payment" shall be deemed to include, without any action -------------------- other than the following, the recording by the Trust in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to a declaration of dividends or other distribution by the Board, the allocation of funds to be so paid on any series or class of Shares; provided, however, that if any funds for any class or series of Junior -------- ------- Shares or any class or series of Shares ranking on a parity with the Series J Preferred Shares as to the payment of dividends are placed in a separate account of the Trust or delivered to a disbursing, paying or other similar agent, then "set apart for payment" with respect to the Series J Preferred Shares shall mean placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent.

Series J Preferred Shares means the shares of Series J Preferred Stock issued or issuable by the Company pursuant to the Series J Agreement.

Series J Preferred Shares or "Series J Preferred Stock" means the shares of Series J Convertible Preferred Stock of the Corporation or such other convertible preferred stock of the Corporation as may be exchanged therefor.