Preferred Stock Amount definition

Preferred Stock Amount means, in respect of any series of Preferred Shares, the sum, without duplication, of (x) the aggregate Liquidation Preference of the outstanding shares of such Preferred Shares as of the relevant measurement date and (y) the aggregate amount of any accumulated and unpaid dividends or other distributions in respect of the outstanding shares of such Preferred Shares as of the relevant measurement date.

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Preferred Stock Amount means the aggregate purchase price of Convertible Preferred Stock purchased by the Holder pursuant to the Preferred Stock Purchase Agreement.

Preferred Stock Amount means an amount equal to the Acquiror Price times the number of shares of Acquiror Common Stock issued to the holders of the $4.50 Preferred Stock and the $7.40 Preferred Stock pursuant to the terms of SECTION 2.5 hereof. "PREFERRED STOCK CONVERSION NUMBER" means the result obtained by (x) subtracting from the Adjusted Common Equity Consideration the product of (i) the excess of (A) 7,000,000 over (B) the number of shares of Acquiror Common Stock issued in exchange for shares of $4.50 Preferred Stock and $7.40 Preferred Stock in the Merger and (ii) the Average Acquiror Price, (y) dividing the result obtained pursuant to clause (x) by the "Assigned Value" (as set forth in EXHIBIT B attached hereto) (being the liquidation value) of the Acquiror Preferred Stock and (z) dividing the result obtained pursuant to clause (y) by the number of shares of Tenneco Common Stock outstanding immediately prior to the Effective Time as certified to Acquiror by Tenneco's principal registrar and transfer agent. "RIGHTS" shall mean the preferred stock purchase rights issued pursuant to the Rights Agreement. "RIGHTS AGREEMENT" shall mean the Rights Agreement dated as of May 24, 1988, as amended and restated as of October 1, 1989, between Tenneco and First Chicago Trust Company of New York. "REGISTRATION STATEMENT" has the meaning set forth in SECTION 6.7 hereof. "REPLACEMENT D&O POLICY" has the meaning set forth in SECTION 6.4(D) hereof. "SECT" means the Stock Employee Compensation Trust currently maintained by Tenneco. "SECURITIES ACT" means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. "$7.40 PREFERRED STOCK" means the $7.40 Cumulative Preferred Stock of Tenneco. "$7.40 PREFERRED CONVERSION NUMBER" means the number of shares (rounded to the nearest one-thousandth of a share) of Acquiror Common Stock to be issued upon conversion of a single share of $7.40 6

Examples of Preferred Stock Amount in a sentence

• An aggregate of 10,000,000 shares of New Common Stock will be (x) issued on the Effective Date to holders of Senior Note Claims, Convertible Note Claims, and Line of Credit Claims under the Plan and (y) reserved for issuance upon the conversion of the New Preferred Stock issued and outstanding as of the Effective Date (in an amount equal to the Total New Preferred Stock Amount) into New Common Stock.

• If the Buyer Preferred Stock Amount exceeds the Estimated Preferred Stock Amount, Buyer will cause to be issued to Seller on the books of Buyer the number of shares of Buyer Preferred Stock equal to the amount of such excess divided by the Preferred Stock Purchase Price.

• Any disputes by Seller with respect to the Buyer Preferred Stock Amount will be resolved by the Independent Expert in a manner consistent with Section 2.2(d)(iii).

• Not later than three days before the -------------------------- Closing, a Redeeming Stockholders' Representative, subject to CHS' reasonable approval, shall provide CHS with a good faith estimate of the Net Working Capital Amount (the "Estimated Net Working Capital Amount"), the Indebtedness ------------------------------------ Payment, the Kilovac Payment, the Debt, the Management Bonus Payment, and the Preferred Stock Amount.

• If the Estimated Buyer Preferred Stock Amount exceeds the Buyer Preferred Stock Amount, Buyer will cause the number of shares of Buyer Preferred Stock equal to the excess divided by the Preferred Stock Purchase Price to be cancelled on the books of Buyer.

• The Buyer has sufficient funds available to deliver the Initial Purchase Price, the Aggregate Preferred Stock Amount and the Settlement Amounts and to consummate the transactions contemplated by this Agreement.

• The amounts withheld with respect to shares of Company Preferred Stock shall be comprised of cash and Parent Shares, with the amount so withheld to be in the same mix as the amounts payable with respect to the Per Share Preferred Cash Amount and Per Share Preferred Stock Amount (with the Parent Shares valued at the Parent Share Price).

• The Common Preferred Stock Amount equals the product of (x) the Preferred Stock Consideration MINUS the Series B Preferred Stock Amount MINUS the Series A Preferred Stock Amount multiplied by (y) a fraction, the numerator of which is the number of shares of Common Stock outstanding and the denominator of which is the difference between Company Fully Diluted Shares and the number of shares of Common Stock issuable upon the conversion of the Preferred Shares outstanding as of the Effective Time.

• Redeemable Preferred Stock Amount: $900 MM Liquidation Value: $900 MM Maturity: Perpetual Dividends: _________% of Liquidation Value Optional Redemption: Non-callable for years.

• The delivery of the Closing Per Share Preferred Stock Amount and the Closing Per Share Common Stock Amount to the Shareholders with respect to their Converted Shares shall be deemed to be payment in full satisfaction of all rights pertaining to the outstanding Converted Shares except for the right to receive additional shares of Parent Preferred Stock and Parent Common Stock pursuant to Sections 1.8 and 1.9.

More Definitions of Preferred Stock Amount

Preferred Stock Amount means the aggregate amount payable ---------------------- pursuant to Section 3.4(a)(i) in respect of the CII Preferred Stock.

Preferred Stock Amount means the quotient obtained by dividing (a) the product of the Preferred Equity Value and 95% by (b) the Determination Price; provided, however, that such amount shall be increased, if necessary, consistent with Section 2.6 hereof.

Preferred Stock Amount means, as of a given date in respect of any series of Preferred Stock, the sum, without duplication, of (x) the aggregate Liquidation Preference of the outstanding shares of such Preferred Stock as of such date and (y) the aggregate amount of any accrued and unpaid dividends or other distributions in respect of the outstanding shares of such Preferred Stock as of such date.

Preferred Stock Amount means $1,300,000.

Preferred Stock Amount means an amount equal to the Acquiror Price times the number of shares of Acquiror Common Stock issued to the holders of the $4.50 Preferred Stock and the $7.40 Preferred Stock pursuant to the terms of SECTION 2.5 hereof.

Preferred Stock Amount has the meaning set forth in the Recitals. “Property” means any real property owned or leased by the Company or any controlled Affiliate or Subsidiary of the Company.