Series C Preference definition

Series C Preference means the result of multiplying (i) the aggregate number of shares of Series C Preferred Stock outstanding immediately prior to the Effective Time by (ii) $1.60.

Series C Preference means $3.99.

Series C Preference means $2.20.

Examples of Series C Preference in a sentence

• On November 15, 2018, the Board of Directors designated and created a series of Preference Units designated as “8.500% Series C Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units,” and fixed the preferences, rights, powers and duties of the holders of the Series C Preference Units as set forth in this Article XVIII.

• Series C Preference shares are compulsorily convertible on the expiry of the conversion period of 20 years from the date of issue i.e. 02.09.11 or immediately prior to the filing by the Company of its draft offer document with SEBI.

• Series C Holders shall be entitled to receive Series C Distributions from time to time out of any assets of the Partnership legally available for the payment of distributions at the Series C Distribution Rate per Series C Preference Unit when, as, and if declared by the Board of Directors.

• The Series C 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.

• Series C Preference Units that are purchased or otherwise acquired by the Partnership shall be cancelled.

More Definitions of Series C Preference

Series C Preference means $2.20, plus an amount equal to all accrued but unpaid dividends on each share of Series C Preferred Stock.

Series C Preference means, at any time of determination, an amount per Series C Unit equal to (a) the Original Issue Price of such Series C Unit, less (b) the aggregate amount of any prior distributions pursuant to Section 8.1(a)(iii) in respect of such Series C Unit (but not below zero).

Series C 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 C Preferred Stock.

Series C Preference means that amount equal to the product of the Total Outstanding Series C Preferred Shares multiplied by $2.814.

Series C Preference means $0.4997 per share of Series C Preferred Stock, multiplied by the number of shares of Series C Preferred Stock outstanding immediately prior to the Effective Time.

Series C Preference shall have the meaning as specified in Section 2.2(a)(iii).

Series C Preference means an aggregate amount equal to three percent (3%) of the amount by which the Aggregate Purchase Price exceeds Six Million Dollars ($6,000,000). <PAGE> 9