Preferred Redemption Amount definition

Preferred Redemption Amount means, with respect to any class or series of Preferred Units, the sum of (i) the amount of any accumulated Preferred Distribution Shortfall with respect to such class or series of Preferred Units, (ii) the Preferred Distribution Requirement with respect to such class or series of Preferred Units to the date of redemption and (iii) the Preferred Redemption Price indicated in the Preferred Unit Designation with respect to such class or series of Preferred Units.

Preferred Redemption Amount means the cumulative priority amounts paid to the holders of the Company Preferred Stock equal to their respective redemption prices as determined in accordance with the Certificate of Incorporation and in accordance with their respective ownership of Company Preferred Stock as set forth on Schedule 2.3(b).

Preferred Redemption Amount means the aggregate cash amount required to redeem in full and in cash all Preferred Stock (including all accrued but unpaid dividends, premiums and penalties, if any, thereon or related thereto) as of the Effective Time pursuant to the Certificate of Incorporation.

Examples of Preferred Redemption Amount in a sentence

• The Series A Preferred Redemption Amount shall be payable to the Tendering Series A Preferred Unit Holder on the Series A Preferred Redemption Date.

• The Series B Preferred Redemption Amount shall be payable to the Tendering Series B Preferred Unit Holder on the Series B Preferred Redemption Date.

• If any Series A Preferred Units are not redeemed for the foregoing reason or because the Partnership otherwise failed to pay or tender to pay the aggregate Series A Preferred Redemption Amount on the Series A Preferred Units required to be redeemed, all Series A Preferred Units which have not been redeemed shall remain outstanding and entitled to all the rights and preferences provided herein.

• The Preferred Redemption Amount shall be the amount equal to the number of Preferred Shares multiplied by the Per Share Redemption Amount, without any interest thereon.

• Holders of Private Perpetual Preferred Units to be redeemed shall surrender such Private Perpetual Preferred Units at the place designated in such notice and shall be entitled to the Perpetual Preferred Redemption Amount payable upon such redemption following such surrender.

More Definitions of Preferred Redemption Amount

Preferred Redemption Amount means an amount equal to one hundred percent (100%) of the applicable Original Purchase Price.

Preferred Redemption Amount means the amount, including accrued and unpaid dividends (whether or not declared) or similar amounts, required to be paid to the holders of the Preferred Stock to redeem the Preferred Stock pursuant to the terms of the Preferred Stock at the Effective Time.

Preferred Redemption Amount means the aggregate amount required to redeem, on the Closing Date, all of the shares of Preferred Stock outstanding as of such date in accordance with Section 7.1 of the Certificate of Designation, Preferences and Rights, dated as of November 8, 2012, relating to the Preferred Stock, which amount shall be set forth in the notice delivered by the Company to Buyer pursuant to Section 1.2(d).

Preferred Redemption Amount means $40,000,000 plus the accrued return thereon up to the Closing Date.

Preferred Redemption Amount for the preferred shares as hereinafter referred to shall mean with respect to the preferred shares, the sum of $1.00 per share;

Preferred Redemption Amount means the aggregate amount paid at the Closing to redeem all of the issued and outstanding shares of Holding's Class A Preferred Stock and Class B Preferred Stock in accordance with the terms of Holding's Restated Certificate of Incorporation.

Preferred Redemption Amount means, with respect to any class or series of Preferred Units, the sum of (i) the amount of any accumulated Preferred Distribution Shortfall with respect to such class or series of Preferred Units, (ii) the Preferred Distribution Requirement with respect to such class or series of Preferred Units to the date of redemption and (iii) the Preferred Redemption Price indicated in the Preferred Unit Designation with respect to such class or series of Preferred Units. "Preferred Redemption Price" shall have the meaning set forth in Section 4.4(b) hereof. "Preferred Stock" shall mean any class of equity securities of the Company now or hereafter authorized or reclassified, other than the Common Stock, having dividend rights that are superior or prior to dividends payable on the Common Stock. "Preferred Unit Designation" shall have the meaning set forth in Section 4.4(b) hereof.