Series B Conversion Rate definition

Series B Conversion Rate means the number of Common Units issuable upon the conversion of each Series B Preferred Unit (including any accrued and unpaid Series B PIK Preferred Units), which shall be 1.0 until such rate is adjusted as set forth in Section 5.10(b)(viii)(E).

Series B Conversion Rate means the number of Common Units issuable upon the conversion of each Series B Preferred Unit, which shall be equal to (a) the Series B Accrued Amount with respect to such Series B Preferred Unit (plus, solely for purposes of clause (1) in the definition of “Series B COC Conversion Rate” in this Supplemental Terms Annex or with respect to any conversion pursuant to Paragraph 11(b)(i) of this Supplemental Terms Annex in the event of a Series B Change of Control, any Series B Partial Period Distributions on such Series B Preferred Unit) divided by (b) the Series B Issue Price, as may be adjusted as set forth in Paragraph 10(e) of this Supplemental Terms Annex.

Series B Conversion Rate means the number of shares of Common Stock into which each share of the Series B Preferred is convertible.

Examples of Series B Conversion Rate in a sentence

• The Series B Conversion Rate from time to time in effect shall be subject to adjustment from time to time as follows.

• The number of shares of Common Stock into which each share of the Series B Preferred Stock may be converted (the "Series B Conversion Rate" or the "Conversion Rate") shall be determined by dividing the Series B Original Price by the Conversion Price (determined as hereinafter provided) in effect at the time of the conversion.

• If any such event is announced or declared but does not occur, the Series B Conversion Rate shall be readjusted, effective as of the date the Company announces that such event shall not occur, to the Series B Conversion Rate that would then be in effect if such event had not been announced or declared.

• Upon the occurrence of each adjustment or readjustment of the Series A Conversion Rate or Series B Conversion Rate pursuant to this Section 6, the Corporation at its expense promptly will compute such adjustment 15 or readjustment in accordance with the terms hereof and prepare and furnish to each holder of Series A or Series B Preferred Stock, a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based.

• If more than one person will be working on the account, you must set up clerk accounts and assign clerks roles for the various functions the clerks will be performing.On the Account Home page, click Clerk Maintenance.

More Definitions of Series B Conversion Rate

Series B Conversion Rate means the “Conversion Rate” as defined in the Series B Certificate of Designations.

Series B Conversion Rate means the lesser of: (a) the quotient obtained by dividing (i) the sum of the Series B Stated Liquidation Preference plus the amount of any Series B Unpaid Cash Distributions to, but excluding, the Series B Change of Control Conversion Date (unless the Series B Change of Control Conversion Date is after a Series B Distribution Record Date and prior to the corresponding Series B Distribution Payment Date, in which case no accumulated and unpaid Series B Preferred Unit Distribution will be included in this sum) by (ii) the Series B Common Unit Price; and (b) the Series B Unit Cap.

Series B Conversion Rate means the number of Ordinary Shares into which a Series B Preferred Share is convertible.

Series B Conversion Rate means, initially 1,367.9891 shares of Common Stock per $1,000 principal amount of Series B Notes, subject to adjustment as set forth herein.

Series B Conversion Rate shall have the meaning set forth in Section 5.1 below.

Series B Conversion Rate means the amount determined pursuant to the following formula, subject to adjustment in accordance with this Certificate of Designation:

Series B Conversion Rate means, as of any date, the rate determined by dividing the Series B Stated Value by the Series B Conversion Price in effect on such date.