Series A Portion definition
Examples of Series A Portion in a sentence
Each issued and outstanding share of Company Series A Preferred Stock shall be entitled to its pro rata share of the Series A Portion based upon the total number of shares of Company Series A Preferred Stock outstanding at the Effective Time.
Upon receipt of such payment from Deepwater, the Charter Trustee shall pay the Series A Portion of the Change of Control Prepayment Amount to the Certificate Purchaser requiring prepayment pursuant to this Section 9.4 and shall pay the Investment Portion of the Change of Control Prepayment Amount to the Investment Trust, which, in turn, shall pay the Investment Portion of the Change of Control Prepayment Amount to such Certificate Purchaser.
If the Trustee determines that the Company is not insolvent, the Trustee shall resume payments to the Executive and his beneficiaries.
The aggregate --------------------------------------------------- amount of Contributions made by the Certificate Purchasers hereunder shall not exceed the Series A Portion of the Refinancing Amount, and the aggregate amount of each Contribution made by any Certificate Purchaser hereunder shall not exceed such Certificate Purchaser's Commitment.
Any payment of the Series A Portion to the holders of Series A Preferred Stock under this Section 4.1(d) shall be allocated ratably among such holders based on their respective shares of Series A Preferred Stock.
Upon receipt of such payment from the Purchasing Party, the Charter Trustee, as agent for the Purchasing Party, shall pay the Series A Portion of the Change of Control Prepayment Amount to the Certificate Purchaser requiring prepayment pursuant to this Section 9.4 and shall pay the Investment Portion of the Change of Control Prepayment Amount to the Investment Trust, which, in turn, shall pay the Investment Portion of the Change of Control Prepayment Amount to such Certificate Purchaser.