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 to this Agreement.
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VRDP Shares has the meaning set forth in the preamble hereto.
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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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • It is included solely as a convenience to Holders of VRDP Shares.

  • Any dividend payment made on shares of a Series of VRDP Shares that is insufficient to cover the entire amount of dividends payable shall first be credited against the earliest accumulated but unpaid dividends due with respect to such shares of such Series.


More Definitions of VRDP Shares

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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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 means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

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

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

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

  • 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 the sum, without duplication, of (a) the number of shares of Common Stock issued and outstanding immediately prior to the Effective Time, (b) the number of shares of Preferred Stock that are issued and outstanding immediately prior to the Effective Time and (c) the number of shares of Common Stock underlying the Restricted Stock Units or any other equity or other convertible securities that are issued and outstanding immediately prior to the Effective Time.

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

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

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

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

  • Fully Diluted Company Shares means the total number of issued and outstanding shares of Company Common Stock, (a) after giving effect to the Company Preferred Stock or otherwise treating shares of Company Preferred Stock on an as-converted to Company Common Stock basis, and (b) treating all outstanding in-the-money Specified Company Warrants as fully vested and as if the Specified Company Warrants had been exercised for cash as of the Effective Time, but for the avoidance of doubt excluding any Company Securities described in Section 1.11(b).

  • 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 a participating share of no par value in the capital of the Fund, denominated in US Dollars;