Series B Preference Amount definition

Series B Preference Amount means the Series B Bullet Payment, inclusive of the concept of the Target Return;

Series B Preference Amount means, with respect to each share of Series B Preferred Stock, an amount equal to the Series B Base Value (as adjusted for stock dividends, stock splits, combinations, recapitalizations or the like) plus all accrued and unpaid Series B Dividends, whether or not declared, to the Closing Date, including for any partial monthly period, calculated in accordance with the Company Certificate.

Series B Preference Amount means $12.43 (as adjusted for Unit splits, combinations and other reclassifications of the Series B Preferred Units). For the avoidance of doubt, no adjustments shall be made to the Series B Preference Amount in connection with any distributions to the holders of Preferred Units pursuant to Section 5.3(a).

Examples of Series B Preference Amount in a sentence

• If the assets and funds are insufficient to permit the full payment of the Series B+ Preference Amount on all Series B+ Preferred Shares, then the entire assets and funds of the Company legally available for distribution to the Series B+ Preferred Shares shall be distributed ratably among the holders of the Series B+ Preferred Shares in proportion to the aggregate Series B+ Preference Amount each such holder is otherwise entitled to receive pursuant to this Section 4.6(i)(e).

• If the assets and funds thus distributed among the holders of the Series B Preferred Shares shall be insufficient to permit the payment to such holders of the full Series B Preference Amount, then the entire assets and funds of the Company legally available for distribution shall be distributed ratably among the holders of the Series B Preferred Shares in proportion to the aggregate Series B Preference Amount each such holder is otherwise entitled to receive pursuant to this subparagraph (1).

• After payment has been made to the holders of the Series B Preferred Stock of the full Series B Preference Amount to which they shall be entitled as aforesaid, any remaining assets shall be distributed ratably among the holders of the Corporation's Common Stock, Series A Preferred Stock, Series B Preferred Stock and other Junior Securities as if such shares of Series B Preferred Stock had been converted voluntarily into Common Stock immediately prior to such Liquidating Event.

• The redemption price (the "HOLDER REDEMPTION PRICE") of each share of Series B Preferred Stock so redeemed shall be equal to the Series B Preference Amount plus an amount equal to a prorated dividend for the period from the date after the last Dividend Payment Date to the Holder Redemption Date.

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More Definitions of Series B Preference Amount

Series B Preference Amount has the meaning set forth in Section 10.1(ii) hereof.

Series B Preference Amount means, with respect to each share of Company Series B Preferred Stock outstanding immediately prior to the Effective Time, an amount equal to (a) $2.000 plus (b) any accrued but unpaid dividends (whether or not declared) thereon, as set forth on the Closing Payment Certificate.

Series B Preference Amount means, with respect to each Series B Convertible Preferred Unit, an amount equal to the sum of (i) the Series B Original Purchase Price, and (ii) any other declared, but unpaid distributions with respect to such Series B Convertible Preferred Unit.

Series B Preference Amount means $0.0930 per share of Series B Preferred Stock.

Series B Preference Amount means, with respect to each share of Series B Preferred Stock, an amount equal to the sum of (i) the Series B Original Issue Price, and (ii) any other declared, but unpaid dividends or distributions with respect to such Series B Preferred Stock.

Series B Preference Amount means an amount equal to $0.376.

Series B Preference Amount means the amount the holders of the ANI Series B Preferred Stock are entitled to receive in respect of the liquidation preference of the ANI Series B Preferred Stock described in Article VII, Section 1(c) of ANI’s Certificate of Incorporation, the amount of which in each case will be as set forth in a certificate executed by the chief financial officer of ANI immediately prior to the Closing Date. In the event any shares of Company Common Stock are issued to holders of ANI Series C Preferred Stock, Series B Preferred Stock or Series A Preferred Stock in accordance with this clause (f) then it is acknowledged and agreed that all references to ANI Series D Preferred Stock in Sections 2.1(d), 2.2 and 2.3 shall be deemed to also include ANI Series C Preferred Stock and/or ANI Series B Preferred Stock and/or ANI Series A Preferred Stock, as applicable.