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,
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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.
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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.
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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.
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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.
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Related to Preferred Share Collateral Value

  • Pre-Funded Warrant Shares means the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Designated Preferred Stock means Preferred Stock of the Company or any direct or indirect parent of the Company, as applicable (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof.