Original Series B Preferred Stock definition

Original Series B Preferred Stock means the 8% Series B Convertible Exchangeable Preferred Stock, par value $0.001 per share, of PCC, with a liquidation preference of $10,000 per share.

Original Series B Preferred Stock means the Series B Convertible Preferred Stock of Citadel purchased by AMEV, AMEV International and Oppexxxxxxx xxxsuant to the Class A Note Agreement.

Examples of Original Series B Preferred Stock in a sentence

• Each outstanding share of Original Series B Preferred Stock shall earn dividends equal to 6% per annum of its Series B Original Issue Price (as defined Section 1.1, above), payable in cash or, at the Corporation’s option, in additional shares of Series B Preferred Dividend Stock valued at the Series B Original Issue Price.

• As a result, the aggregate liquidation preference of the Original Series B Preferred Stock as of September 30, 2005, and of the redesignated Series B Preferred Stock issued in exchange therefor, shall be $603,570,000 and dividends on the Series B Preferred Stock shall accrue thereafter at the rate of 11% per annum on such amount.

• The Original Series B Preferred Stock previously created out of the authorized and unissued shares of Preferred Stock of the Corporation is hereby redesignated as “11% Series B Convertible Exchangeable Preferred Stock.” The number of shares constituting such class as of the Issue Date shall be 60,607 and are referred to as the “Series B Preferred Stock.” The “Liquidation Preference” of the Series B Preferred Stock shall be $10,000 per share.

• Each share of Series B Preferred shall be convertible into that number of fully-paid and nonassessable shares of Common Stock that is equal to the Original Series B Preferred Stock Issue Price divided by the Series B Conversion Price (as hereinafter defined).

• The Original Series B Preferred Stock previously created out of the authorized and unissued shares of Preferred Stock of the Corporation is hereby redesignated as "11% Series B Convertible Exchangeable Preferred Stock." The number of shares constituting such class as of the Issue Date shall be 60,607 and are referred to as the "Series B Preferred Stock." The "Liquidation Preference" of the Series B Preferred Stock shall be $10,000 per share.