Series B Preference definition

Series B Preference means $1.48.

Series B Preference means $0.80, plus an amount equal to all accrued but unpaid dividends on each share of Series B Preferred Stock.

Series B Preference means the result of multiplying (i) the aggregate number of shares of Series B Preferred Stock outstanding immediately prior to the Effective Time by (ii) $0.80.

Examples of Series B Preference in a sentence

• Any shares of Series B Preference Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.

• The Series B Preference Units shall not have the benefit of any sinking fund.

• The Series B Preference Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.

• All notices or communications in respect of the Series B Preference Units shall be sufficiently given if given in writing and delivered in person or by first class mail, postage prepaid, or if given in such other manner as may be permitted in this Article XVII, this Agreement or by applicable law.

• The Partnership shall have the right at any time, and from time to time, on or after March 15, 2023 to redeem the Series B Preference Units, in whole or in part, from any source of funds legally available for such purpose.

More Definitions of Series B Preference

Series B Preference means $2.00.

Series B Preference. Series B Preference" shall have the meaning ascribed to such term in Section 1.5(b)(i) of this Agreement.

Series B Preference with respect to all of the outstanding shares of Series B Preferred Stock, in the aggregate, shall mean that amount of the Shareholder Consideration equal to "A" in the following formula: A = (1-P)*(any Principal or Contingency Payments made to holders of EyeSys Notes in excess of $3,359,993, plus the Shareholder Consideration), where P equals (9.732853 * 10/-8/ * (any Principal or Contingency Payments made to holders of EyeSys Notes in excess of $3,359,993, plus the Shareholder Consideration)) minus 0.31470577; provided, however, in no event shall P be less than .2726550 or more than .4016254.

Series B Preference means an amount of cash payable with respect to each share of Company Series B Preferred Stock in accordance with Section 4 of the Company’s Certificate of Designations, Preferences and Rights of Series B Preferred Stock.

Series B Preference means $7.74 per share of Series B Preferred Stock, multiplied by the number of shares of Series B Preferred Stock outstanding immediately prior to the Effective Time.

Series B Preference means (i) the Stock Component of the Series B Preference and (ii) the Cash Component of the Series B Preference.

Series B Preference means, with respect to each share of Series B Preferred Stock, that number of shares of Parent Common Stock equal to $1.4062 divided by the average of the closing prices of Parent Common Stock on the NYSEA for the 20 trading day period ending 3 trading days prior to the Closing (or such other market if Parent Common Stock does not trade on the NYSEA, and if the Parent Common Stock does not trade on any active public market, then the value thereof, as determined by the board of directors of the Company).