Preferred Share Collateral Value definition
Preferred Share Collateral Value means, at any time, the product of (a) the number of Preferred Shares that constitute Acceptable Collateral,
Preferred Share Collateral Value means, at any time, the product of (a) (i) (A) the number of Preferred Shares that constitute Acceptable Collateral, multiplied by (B) the sum of (1) the Series A Liquidation Value plus (2) all accrued and accumulated and unpaid dividends in respect of such Preferred Shares to such time divided by (ii) the Series A Conversion Price in effect as of such time multiplied by (b) the Reference Price at such time; provided that if, pursuant to the Series A Certificate of Designation the number of Common Shares issuable upon conversion is less than the number calculated pursuant to clause (B), whether pursuant to Section 4.2 of the Series A Certificate of Designation or otherwise, such lesser number of Common Shares issuable upon conversion shall be used to calculate the Preferred Share Collateral Value.
Preferred Share Collateral Value means, at any time, the product of (a) the number of Preferred Shares that constitute Acceptable Collateral, excluding any Preferred Shares that have been sold pursuant to any Free Release PST or any DVP PST for which, in the case of a DVP PST, the scheduled settlement date is no later than one then-standard settlement cycle on the Exchange following execution of such sale and, in each case, remain in the Collateral Accounts pending settlement thereof, (b) the number of Common Shares that would be deliverable to an Applicable Lender under the applicable Certificate of Designation upon conversion of such Preferred Shares in connection with any foreclosure (including in respect of dividend accrual), as determined by Calculation Agent and (c) the Reference Price, in each case, at such time; provided that any portion of the Preferred Share Collateral Value attributable to any Preferred Shares that have been sold pursuant to any Permitted Sale Transaction and remain in the Collateral Accounts pending settlement thereof shall not exceed the net proceeds of such Permitted Sale Transaction to be received in the Collateral Accounts in respect of such Preferred Shares.
More Definitions of Preferred Share Collateral Value
Preferred Share Collateral Value means, at any time, the product of (a) the number of Preferred Shares that constitute Acceptable Collateral, (b) the quotient of the Liquidation Preference (as defined in the Certificate of Designations) per Preferred Share (including, for the avoidance of doubt, any previously accrued and unpaid dividends which have been added to the Liquidation Preference pursuant to Section 5(b)(i) of the Certificate of Designations) to, but excluding, the date of determination, divided by the Conversion Price in effect at such time and (c) the Reference Price.
Preferred Share Collateral Value means, at any time, the product of (a) the number of Preferred Shares that constitute Acceptable Collateral, (b) the number of Common Shares then issuable upon conversion of each Preferred Share (assuming the Issuer does not exercise any cash settlement right and assuming that any condition to conversion is satisfied), as determined by the Calculation Agent and (c) the Reference Price.