Existing Preferred Shares definition

Existing Preferred Shares means Series A Shares, Series A* Shares, Series B Shares, Series B1 Shares, Series B2 Shares, Series B4 Shares, and Series B5 Shares of the Company, issued and outstanding immediately following the Closing.

Existing Preferred Shares means the Preferred Shares of Just Energy issued and outstanding on the Effective Date immediately prior to the Effective Time.

Existing Preferred Shares means, collectively, (i) the 4.25% Cumulative Redeemable First Preferred Shares, Series 1 of YMI, (ii) the 5.00% Cumulative Redeemable First Preferred Shares, Series 2 of YMI, (iii) the Cumulative Rate Reset First Preferred Shares, Series 3 of YMI, (iv) the Cumulative Floating Rate First Preferred Shares, Series 4 of YMI, (v) the Cumulative Rate Reset First Preferred Shares, Series 5 of YMI, (vi) the Cumulative Floating Rate First Preferred Shares, Series 6 of YMI and (vii) the Cumulative Exchangeable First Preferred Shares, Series 7 of YMI; in each case issued and outstanding as at the relevant time;

Examples of Existing Preferred Shares in a sentence

• The Existing Preferred Shares shall thereafter be terminated and cancelled, and shall be deemed to be terminated and cancelled.

• After giving effect to the terms of Section 2.3(a)(ii), the Existing Preferred Shares shall be cancelled.

• The New Investors hereby covenant and agree that the Existing Preferred Shares purchased by them pursuant to this Agreement shall automatically be converted into Common Stock in accordance with their terms upon the occurrence of an Automatic Conversion Event (as such term is defined in the Company's Certificate of Powers, Designations, Preferences and Rights of Series F Convertible Preferred Stock (the "Series F Certificate of Designations")).

• The Holder shall deliver or cause to be delivered to the Company (or its designee) the certificate evidencing the Holder Existing Preferred Shares as soon as commercially practicable following the Closing (as defined below).

• On or after August 4, 2009, upon the vote of both the holders of a majority of the Existing Preferred Shares, voting together as a class, and the holders of a majority of the Series D Preferred Shares, voting as a separate class, the Company may be required to redeem simultaneously the outstanding Series B Preferred Shares, Series C Preferred Shares, Series D Preferred Shares, Series R Preferred Shares and Series R-1 Preferred Shares in an Optional Redemption.

More Definitions of Existing Preferred Shares

Existing Preferred Shares means the Issuer’s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares, as may be amended, modified, supplemented, replaced, extended or renewed from time to time in compliance with the provisions of this Indenture, provided that no such amendment, modification, supplement, replacement, extension or renewal may be materially disadvantageous to the interests of the holders of the Notes.

Existing Preferred Shares means the approximately 295,000 shares of Series A Convertible Preferred Stock issued by Rand pursuant to the Amended and Restated Certificate of Designations of Series A Convertible Preferred Stock of Rand Logistics, Inc., dated as of August 8, 2006.

Existing Preferred Shares means the Company's 9% Convertible Preferred Stock outstanding on the date of this Agreement.

Existing Preferred Shares means the Series 2 and Series 4 Class B preferred shares of the Company, all of which are owned by IQ and SGF.

Existing Preferred Shares means the Company's 9% Convertible Preferred Stock, Series A Preferred Stock and Series B Preferred Stock outstanding on the date of this Agreement.

Existing Preferred Shares means the Borrower’s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares as may be amended, modified, supplemented, replaced, extended or renewed from time to time in compliance with the provisions of the Indenture, provided that no such amendment, modification, supplement, replacement, extension or renewal may be materially disadvantageous to the interests of the Finance Parties.

Existing Preferred Shares means the Company’s Series X convertible preferred stock, par value $0.0001 per share, and Series Y convertible preferred stock, par value $0.001 per share.