Class A Preference Share definition
Examples of Class A Preference Share in a sentence
The Optionor hereby grants to the Optionee the irrevocable right to exchange all or part of its Class "A" Preference Shares of Alfa Canada for Common Shares of the Optionor (the "Exchange Option") at the rate of One (1) Class "A" Preference Share of Alfa Canada for Four Thousand (4,000) Common Shares of the Optionor.
The consideration for the issue of each Series 5 Preferred Limited Partnership Unit shall be one Class A Preference Share, Series 5 of Brookfield Renewable Power Preferred Equity Inc.
Each Unit consists of one Non-participating Voting Share in the capital stock of NRGF (an "NP share") and one Class "A" Preference Share in the capital stock of 604587 British Columbia Ltd., a body corporate duly incorporated under the laws of the Province of British Columbia, and having a registered office at Suite 1440 - 1066 ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇ (herein referred to as "Holdco").
Subject to the below, each Class A Preference Share shall be convertible, at the option of the holder thereof, at any time after the date of issuance and subscription of such Share, at the principal corporate office of the Company, into one hundred (100) fully paid and non-assessable Ordinary Shares.
The Company shall not declare, pay or set aside any dividends on the Class B CCPS, Class C CCPS, Class D CCPS, Class E CCPS, Class F CCPS and Equity Shares of the Company in a Financial Year unless it has first declared the Class A Preferential Dividend as set out in this Clause for such Financial Year and the Class A CCPS Investors holding Class A CCPS first receive, a dividend on each outstanding Class A Preference Share in an amount at least equal to the Class A Preferential Dividend.
At any time following the occurrence of a Liquidation Event, DMJ shall be entitled, but not obligated, to require each or any of Gen-X Holdings and Gen-X Equipment to purchase (the "Purchase Obligation") such portion of the outstanding and unredeemed portion of the Class A Preference Shares then held by DMJ for a purchase price equal to the redemption price of each Class A Preference Share outstanding on the date of the Liquidation Event.
As soon as practicable following receipt of a Class A Redemption by Holder Notice and the certificate(s) representing the Class A Preference Shares to be redeemed, the Corporation shall pay or cause to be paid to or to the order of the registered holder of the Class A Preference Shares to be redeemed the Class A Redemption Price for each Class A Preference Share (less any tax required to be withheld by the Corporation).
The purchase price per Class A Preference Share is Ten Dollars ($10.00), for an aggregate purchase price of Seven Million Dollars ($7,000,000) (the “Aggregate Purchase Price”).