VRDP Shares definition

VRDP Shares has the meaning set forth in the recitals to this Agreement.
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VRDP Shares has the meaning set forth in the preamble hereto.
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VRDP Shares as used herein shall refer initially to the Outstanding Shares, and, following the issuance of the Reorganization Shares, will refer, collectively, to the Outstanding Shares and the Reorganization Shares;
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Examples of VRDP Shares in a sentence

  • Holders of VRDP Shares shall not be entitled to any dividend, whether payable in cash, property or shares, in excess of full cumulative dividends, as herein provided, on VRDP Shares.

  • The Holders of VRDP Shares shall have no preemptive rights or rights to cumulative voting.

  • Any such undelivered VRDP Shares will be deemed to be delivered to the Tender and Paying Agent, and the Tender and Paying Agent will place stop-transfer orders against the undelivered VRDP Shares.

  • Each party hereto acknowledges and agrees that it shall not be a condition precedent to the Purchase Obligation that any seller of VRDP Shares demonstrate or account for any loss.

  • Unless otherwise required by law, the Holders of VRDP Shares shall not have any relative rights or preferences or other special rights other than those specifically set forth herein.

  • Subject to paragraph (b) of this Section 5, the holders of outstanding Common Shares and Preferred Shares, including VRDP Shares, voting together as a single class, shall elect the balance of the directors.

  • The Deposit Securities included in the Liquidity Account for any Purchased VRDP Shares may be applied by the Fund, in its discretion, towards payment of the Redemption Price for such Purchased VRDP Shares.

  • Just as it had in Massachusetts, Steward’s plan in Rhode Island involved partnering with insurance companies to offer lower-cost limited network insurance products in the communities that it serves.

  • Subject to paragraph (b) of this Section 5, the holders of outstanding Common Shares and Preferred Shares, including VRDP Shares, voting together as a single class, shall elect the balance of the trustees.

  • Any capitalized terms used in this Amendment but not defined herein shall have the meanings given to such capitalized terms in the VRDP Shares Fee Agreement.


More Definitions of VRDP Shares

VRDP Shares means the Series W-7 Variable Rate Demand Preferred Shares issued by the Borrower pursuant to, and on substantially the terms contained in, the Statement of Preferences.
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VRDP Shares as used herein shall refer initially to the Outstanding Series W-7 VRDP Shares, and, following the issuance of the Reorganization Shares, will refer, collectively, to the Outstanding Series W-7 VRDP Shares and the Reorganization Shares;
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Related to VRDP Shares

  • Coop Shares Shares issued by a Cooperative Corporation.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Buyer Shares has the meaning set forth in Section 2.02(a).

  • Company Shares has the meaning set forth in the Recitals.

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Unit Shares means the Common Shares comprising part of the Units;

  • Amalco Shares means the common shares in the capital of Amalco;

  • Acquired Shares has the meaning set forth in the Recitals.

  • Common Shares means the common shares in the capital of the Corporation;

  • Newco Shares means the common shares in the capital of Newco;

  • Lock-Up Shares has the meaning set forth in Section 4.1.

  • Fully Diluted Shares means all outstanding securities entitled generally to vote in the election of directors of the Company on a fully diluted basis, after giving effect to the exercise or conversion of all options, rights and securities exercisable or convertible into such voting securities. Furthermore, notwithstanding any other term of the Offer or this Agreement, Sub shall not be required to accept for payment or, subject as aforesaid, to pay for any shares of Common Stock not theretofore accepted for payment or paid for, and may terminate the Offer if, at any time on or after the date of this Agreement and before the acceptance of such shares for payment or the payment therefor, any of the following conditions exists:

  • Consideration Shares means the Purchaser Shares to be issued as the Consideration pursuant to the Arrangement.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Dividend Shares means shares of Series D Convertible Preferred Stock issued as dividends on outstanding shares of Series D Convertible Preferred Stock in accordance with Section 5(b).

  • Subco Shares means the common shares in the capital of Subco;

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Fully Diluted Company Shares means the sum, without duplication, of (a) shares of Company Common Stock (including Company Restricted Stock) that are issued and outstanding immediately prior to the Effective Time; plus (b) shares of Company Preferred Stock (on an as converted to Company Common Stock basis) that are issued and outstanding immediately prior to the Effective Time; plus (c) the aggregate number of shares of Company Common Stock issuable upon exercise of the Company Warrant as of immediately prior to the Effective Time; plus (d) the aggregate number of shares of Company Common Stock issuable upon exercise of Vested Company Options as of immediately prior to the Effective Time; plus (e) the aggregate number of shares of Company Common Stock issuable upon exercise of Unvested Company Options as of immediately prior to the Effective Time; plus (f) the aggregate number of shares of Company Series B Preferred Stock (on an as converted to Company Common Stock basis) issuable upon the conversion of the Convertible Notes as of immediately prior to the Effective Time.

  • Sold Shares shall have the meaning specified in Section 6.

  • Total Shares means (without double-counting), as of a particular date of determination, the algebraic sum of: (A) the Initial Shares, plus (B) the Additional Shares, minus (C) all Buyback Shares repurchased or redeemed between the Effective Date and such date of determination.

  • SpinCo Shares means the shares of common stock, par value $0.01 per share, of SpinCo.

  • ASA Shares has the meaning set forth in 2.4(a).

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors, QFIIs and RQFIIs.