Parity Shares

Parity Shares. Shall mean the Convertible Preferred Shares and any class or series of preferred shares of the Company that ranks equally with the Perpetual Preferred Shares in the payment of dividends and in the distribution of assets on any liquidation, dissolution or winding up of the Company. Any other class or series of preferred shares of the Company will not be deemed to rank senior to (or other than on a parity with) the Perpetual Preferred Shares in the payment of dividends solely because such other... class or series of shares does not include the limitation on payment of dividends (and the related exceptions) provided for in Section 4 and, accordingly, the Company may pay dividends on any other class or series of Parity Shares for periods during which the Company may not pay dividends on the Perpetual Preferred Shares because of such limitation without violating the requirements of Sections 3(a)(vi) and 3(a)(vii). View More

Parity Shares. The Preference Shares, the Perpetual PIERS and any Perpetual Preference Shares issued upon conversion of Perpetual PIERS, and any other class of share capital or series of preference shares established after the Issue Date by the Board of Directors, the terms of which expressly provide that such class or series will rank on a parity with the Preference Shares as to dividend rights or rights upon the liquidation, winding-up or dissolution of the Company

Parity Shares. Any shares, other than Registrable Securities, with respect to which the Company, in accordance with Section 12(a), has granted registration rights that are to be treated on an equal basis with Registrable Securities for the purpose of the exercise of any underwriter cutback permitted pursuant to Section 2