Examples of Series B-1 Original Issue Price in a sentence
The conversion rate in effect at any time for conversion of shares of Series B-1 Preferred Stock (the “Series B-1 Conversion Rate”) shall be the quotient obtained by dividing the Series B-1 Original Issue Price by the Series B-1 Conversion Price, calculated as provided in Section 5(c).
Each share of Series B-1 Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Series B-1 Original Issue Price by the Series B-1 Conversion Price (as defined below) in effect at the time of conversion.
The “Applicable Conversion Price” for the relevant series of Series Preferred Shares shall initially be equal to (a) the Series A Original Issue Price, in the case of shares of Series A Preferred Shares, (b) the Series B-1 Original Issue Price, in the case of shares of Series B-1 Preferred Shares, and (c) the Series B-2 Original Issue Price, in the case of shares of Series B-2 Preferred Shares.
From and after the applicable date of the issuance of any shares of Series B-1 Preferred Stock, dividends at the rate of eight percent (8%) of the Series B-1 Original Issue Price (as defined below) per annum shall accrue on each such share of the Series B-1 Preferred Stock (the “Series B-1 Accruing Dividends”).
The “Preferred Stock Original Issue Price” shall mean, with respect to the Series A Preferred Stock, the Series A Original Issue Price, with respect to the Series B Preferred Stock, the Series B Original Issue Price, with respect to the Series B-1 Preferred Stock, the Series B-1 Original Issue Price, with respect to the Series B-2 Preferred Stock, the Series B-2 Original Issue Price, and with respect to the Series C Preferred Stock, the Series C Original Issue Price.
In lieu of any fractional shares to which the holder would otherwise be entitled, the Corporation shall pay cash equal to such fraction multiplied by the Series B-1 Original Issue Price of a share of Series B-1 Preferred Stock.
The Accruing Dividends shall by payable in additional shares of Series B-1 Preferred Stock, valued at the Series B-1 Original Issue Price, unless the Board of Directors of the Corporation elects to pay all or any portion of the Accruing Dividends in cash.
It is common nuclear industry practice to discuss nuclear power plant generating costs in units of$/MWh. This may be appropriate if the generating cost is developed for each nuclear generatingunit (i.e., by taking annual total costs and dividing by output in MWh).
The initial Series B-1 Conversion Price shall be the Series B-1 Original Issue Price.
The conversion price for the Series B-1 Preferred shall initially be the Series B-1 Original Issue Price (the "Series B-1 Conversion Price").