Examples of Original Liquidation Preference in a sentence
Each share of the Series A Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Original Liquidation Preference by the Conversion Price (as defined below) in effect at the time of conversion.
If the parties agree to purchase Seller Units pursuant to this Section 6 within the first 30 days following the original issuance date of the Class A Preferred Units, the purchase price for any amount of Seller Units in excess of $10,000,000 will be at the Original Liquidation Preference.
On the Mandatory Redemption Date, the Company shall redeem from any source of funds legally available therefor, in the manner provided in Section VI(C) below, all of the shares of the 10% Series A Exchangeable Preferred Stock then outstanding at a redemption price equal to 110% of the Original Liquidation Preference thereof, plus an amount in cash equal to all accumulated and unpaid dividends per share, if any, to the Redemption Date (the "Mandatory Redemption Price").
Texts become old-fashioned and people begin to long for a retranslation.
As used herein, the "Original Liquidation Preference" shall mean $1,000.00 per share of Series E Preferred Stock.