Examples of Series J Preference Shares in a sentence
The Company intends to use the net proceeds from the sale of the Series J Preference Shares to the Issuer to redeem all of the outstanding shares of the Company’s floating-rate Series A Preference Stock.
Holders of record of Series J Preference Shares shall not be entitled to receive dividends on their Series J Preference Shares.
The Series J Preference Shares shall be deemed thereafter to provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Part 5.
The Corporation will transmit the Common Shares certificates issuable upon conversion of any Series J Preference Shares (together with the certificates representing the Series J Preference Shares not so converted) to the Eligible Holder via express courier within five business days after the conversion date if the Corporation has received the original Notice of Conversion and Series J Preference Shares certificate being so converted by such date.
Neither the Trust Preference Securities nor the Series J Preference Shares will be convertible into shares of any other class or series of the Company’s capital stock or any other security.
On the Redemption Date in respect of any Series J Preference Shares or prior thereto, the Corporation shall deposit with any bank or trust company having a capital and surplus of at least U.
Ranking: The Series J Preference Shares will rank equally with other series of the Company’s preference stock, including the Company’s Series A, D, E, F, G and H Preference Stock; junior to the Company’s cumulative preferred stock and secured and unsecured debt; and senior to the Company’s common stock.
The Issuer will use all the proceeds from the sale of the Trust Preference Securities (and the sale of the Issuer’s common securities to the Company) to purchase the Series J Preference Shares from the Company.
The Institutional Trustee shall have the legal power to exercise all of the rights, powers and privileges of a holder of Series J Preference Shares under the Certificate of Determination and shall, for the benefit of the Holders of Securities, enforce its rights as holder of the Series J Preference Shares subject to the rights of the Holders pursuant to the terms of such Securities, this Declaration of Trust (including Annex I), the Trust Preference Securities Guarantee and the Statutory Trust Act.
Such Series J Preference Shares shall be held in book-entry form in an account at Wells Fargo Bank in the name of the Institutional Trustee for the benefit of the Trust.