Liquidation Preference Per Share definition
Examples of Liquidation Preference Per Share in a sentence
Notwithstanding anything to the contrary in the Company’s articles or elsewhere, each Class E Shareholder hereby agrees that the amount of accrued dividends with respect to the Class E Shares, and the corresponding Class E Liquidation Preference Per Share shall be determined as of and through the date that is five (5) Business Days prior to the Closing Date and that no dividends shall accrue from and after such date.
There is no liability for dividends accrued and unpaid by the Company, except for the liability to the Class E Shareholders to pay dividends on the Class E Shares, and such liability to the Class E Shareholders that will be fully satisfied by the payment of the Class E Liquidation Preference Per Share.
The Corporation may --------------------------------------- redeem at its option the Series 5 Convertible Preferred Stock, at any time in whole or from time to time in part after the Transaction Date (as defined in this Section 5(a)), at the redemption price per share (expressed as a percentage of the Liquidation Preference Per Share) set forth below, to the extent the Corporation shall have funds legally available for such payment.
In the event any Disqualified Shares are exempt from Mandatory Conversion, all such exempt shares (the "Redeemable Shares") shall, at the option of the holder exercised as hereinafter set forth, and out of funds legally available for that purpose, be redeemed (the "Mandatory Redemption") by the Corporation on the date of consummation of an Equity Investment, at a redemption price per share equal to the Liquidation Preference Per Share, payable on the dates hereafter set forth (each a "Payment Date").
The number of shares of Common Stock to which a holder of Series D Convertible Preferred Stock shall be entitled upon a Conversion shall equal the quotient obtained by dividing (a) the aggregate Liquidation Preference Per Share of the shares of Series D Convertible Preferred Stock being converted by (b) the Conversion Rate.
Shares Issued and Outstanding (In thousands) Liquidation Preference Per Share Liquidation Preference Carrying Value Series A 400 $ 1,000 $ 400 $ 394 Series B 485 $ 1,000 485 469 Total Preferred Stock 885 $ 885 $ 863 th THE CHARLES SCHWAB CORPORATION Notes to Condensed Consolidated Financial Statements (Tabular Amounts in Millions, Except Per Share Data, Ratios, or as Noted) (Unaudited) Accumulated other comprehensive income (loss) represents cumulative gains and losses that are not reflected in earnings.
NOTICE OF ELECTION TO CONVERT The undersigned hereby irrevocably exercise(s) the right to convert _____ Shares of the 7.5% Series E Mandatory Convertible Preferred Stock ($25 Liquidation Preference Per Share) represented by this certificate into Class A Common Stock of Adelphia Communications Corporation in accordance with the terms of the 7.5% Series E Mandatory Convertible Preferred Stock ($25 Liquidation Preference Per Share) relating thereto.
Preferred Series Outstanding Liquidation Preference Per Share Involuntary Voluntary Call Price Per Share On December 29, 1999, the company notified the holders of its $4.36 convertible series preferred stock and its $4.60 convertible series preferred stock that the Board of Directors of Washington Gas had voted to redeem all outstanding shares of its convertible stock at a price of $100 per share on February 1, 2000.
Upon the occurrence of (i) liquidation, (ii) dissolution (other than a dissolution arising from the failure to make a routine filing with the Nevada Secretary of State), or (iii) winding-up, then, before any distribution or payment shall be made to the holders of any Common Stock, the Corporation shall first redeem all shares of Series E Preferred, out of the Corporation’s assets legally available for distribution to shareholders, the Liquidation Preference Per Share.
If holders of Series B Preferred Shares received, with respect to each such Series B Preferred Share, an amount at least equal to the Series B Liquidation Preference Per Share pursuant to this Agreement, then, except pursuant to subparagraph (4) below, holders of the Series B Preferred Shares shall not be entitled to any Component Two Consideration.