Series 1 Preferred Shares definition

Series 1 Preferred Shares means the cumulative rate reset preferred shares, series 1 in the capital of Northland. “Series 2 Preferred Shares” means the cumulative floating rate preferred shares, series 2 in the capital of Northland. “Series 3 Preferred Shares” means the cumulative rate reset preferred shares, series 3 in the capital of Northland. “Series 4 Preferred Shares” means the cumulative floating rate preferred shares, series 4 in the capital of Northland. “Shareholders” means Common Shareholders and the holder of Class A Shares.

Series 1 Preferred Shares means the Series 1 preferred shares in the capital of Hydro One Limited.

Series 1 Preferred Shares means the cumulative redeemable rate reset first preferred shares, Series 1, in the capital of the Company;

Examples of Series 1 Preferred Shares in a sentence

• On or after December 19, 2015, the Series 1 Preferred Shares will be convertible at the option of the holder into MFC common shares, the number of which is determined by a prescribed formula, and is subject to the right of MFC prior to the conversion date to redeem for cash or find substitute purchasers for such preferred shares.

• With regulatory approval, the Series 1 Preferred Shares may be redeemed by MFC on or after June 19, 2010, in whole or in part, at declining premiums that range from $1.25 to nil per Series 1 Preferred Share, by either payment of cash or the issuance of MFC common shares.

• See “— The Arrangement — Appointment of the New Board.” In connection with the Continuance, Ainsworth will amend its authorized capital to create an unlimited number of New Common Shares and re-designate the Series 3 Preferred Shares as Series 1 Preferred Shares.

• The Series 1 Preferred Shares are non-voting and are entitled to non-cumulative preferential cash dividends payable quarterly, if and when declared, at a per annum rate of 4.10%.

• With regulatory approval, the Series 1 Preferred Shares may be redeemed by MFC, in whole or in part, at declining premiums that range from $1.25 to nil per Series 1 Preferred Share, by either payment of cash or the issuance of MFC common shares.

More Definitions of Series 1 Preferred Shares

Series 1 Preferred Shares means the series 1 preferred shares in the capital of the Company, being the first series of the Preferred Shares.

Series 1 Preferred Shares means the authorized Series 1 preferred shares in the capital of Gear;

Series 1 Preferred Shares means the class A, series 1 convertible preferred shares in the capital of the Corporation. “Series 2 Preferred Shares” means the class A, series 2 convertible preferred shares in the capital of the Corporation. “Series 3 Preferred Shares” means the class A, series 3 convertible preferred shares in the capital of the Corporation. “Series 4 Preferred Shares” means the class A, series 4 convertible preferred shares in the capital of the Corporation.

Series 1 Preferred Shares means the Cumulative Rate Reset Preferred Shares, Series 1 of the Corporation;

Series 1 Preferred Shares means, prior to January 1, 2011, the Cumulative Rate Reset Preferred Shares, Series 1 in the capital of Prefco, and after January 1, 2011, the Cumulative Rate Reset Preferred Shares, Series 1 in the capital of Northland.

Series 1 Preferred Shares means Non-cumulative Rate Reset Class A Shares Series 1

Series 1 Preferred Shares means shares of the Company’s Series 1 Preferred Stock, par value $0.0001 per share.