Adjusted Liquidation Preference definition
Adjusted Liquidation Preference means, for each share of Series S Junior Preferred Stock, $12,667.19.
Adjusted Liquidation Preference means, with respect to any conversion of the Series B, the sum of (i) the Liquidation Preference determined as of the conversion date plus (ii) (A) the Accrued Dividends with respect to such conversion date multiplied by (B) a fraction the numerator of which is the Conversion Price determined as of such conversion date and the denominator of which is the last Closing Price for the Common Stock on the last Trading Day before the conversion date; provided, however, that in the case of any Mandatory Conversion on or prior to November 27, 2002, for purposes of the foregoing the Liquidation Preference shall be deemed to be $26.40 per share and there shall be deemed to be no Accrued Dividends.
Adjusted Liquidation Preference means the lesser of (a) $100.00 or (b) $100.00 times a fraction, the numerator of which shall be the aggregate Stabilized Value (as defined below) of the Contributed Development Assets, minus the sum of (A) the Initial Common Stock Payment and (B) the aggregate Contingent Equity Payment and (C) the amount expended by Acquirer between the Closing Date and the date of Stabilization of the last of the Contributed Development Assets plus the allocated capital charge of eight percent (8%), compounded annually, and the denominator of which shall be the aggregate Initial Preferred Stock Payment.
Examples of Adjusted Liquidation Preference in a sentence
In any such case, the Global Preferred Shares shall be exchanged in whole for certificated shares of Preferred Stock in registered form, with the same terms and of an equal aggregate Adjusted Liquidation Preference (unless the Corporation determines otherwise in accordance with applicable law).
If any fraction of a share would otherwise be issuable, the Company shall pay to the Holder an amount in cash equal to such fraction multiplied by the Adjusted Liquidation Preference (as defined in the Certificate of Designation).
More Definitions of Adjusted Liquidation Preference
Adjusted Liquidation Preference means the greater of (a) $3,000 per share of Preferred Stock and (b) the per share amount, as determined in good faith by the Board, of all cash and other property to be distributed in respect of the Common Stock a holder of one share of Preferred Stock would have been entitled to had it converted such Preferred Stock immediately prior to the date fixed for such liquidation, dissolution or winding up of the Corporation.
Adjusted Liquidation Preference means, with respect to each share of Preferred Stock, the sum of (a) the Base Liquidation Preference per share of 19 Preferred Stock plus accrued and unpaid dividends thereon and (b) the result of (i) the amount by which (x) 7.5 percent of the Excess Retained Earnings exceeds (y) the aggregate amount of cash dividends paid pursuant to the final sentence of paragraph 2(i) that are not in excess of the dividends paid pursuant to the first sentence of paragraph 2(i), divided by (ii) the total number of shares of Preferred Stock outstanding on the date (the "Calculation Date") of the event giving rise to the calculation of the Adjusted Liquidation Preference (including, without limitation, the redemption of the Preferred Stock or the liquidation of the Corporation).
Adjusted Liquidation Preference means, with respect to any conversion of the Series A, the sum of (i) the Liquidation Preference determined as of the conversion date plus (ii) (A) the Accrued Dividends with respect to such conversion date multiplied by (B) a fraction the numerator of which is the Conversion Price determined as of such conversion date and the denominator of which is the last Closing Price for the Common Stock on the last Trading Day before the conversion date; provided, however, that in the case of any Mandatory Conversion on or prior to November __, 2002, for purposes of the foregoing the Liquidation Preference shall be deemed to be $26.40 per share and there shall be deemed to be no Accrued Dividends.
Adjusted Liquidation Preference means, as to a share of a particular series of Company Preferred Stock, the amount per share set forth in Exhibit D.