Series B Conversion Rate definition

Series B Conversion Rate means a fraction whose numerator is the Original Issue Price, which is $10.00 per share of Series B Preferred Stock, and whose denominator is the lesser of (i) the Reset Conversion Price or (ii) $12.50.

Series B Conversion Rate means the number of Common Units issuable upon the conversion of each Series B Preferred Unit (including any accrued and unpaid Series B PIK Preferred Units), which shall be 1.0 until such rate is adjusted as set forth in Section 5.10(b)(viii)(E).

Series B Conversion Rate means the number of shares of Common Stock into which each share of the Series B Preferred is convertible.

Examples of Series B Conversion Rate in a sentence

• The conversion rate in effect at any time for conversion of the Series B Stock (the "Series B Conversion Rate") shall be the quotient obtained by dividing the Series B Original Issue Price by the "Series B Conversion Price," calculated as provided in Section 4(c).

• The number of shares of Common Stock to which a holder of Series B Preferred shall be entitled upon conversion shall be the product obtained by multiplying the "Series B Conversion Rate" then in effect (determined as provided in Section 4(b)) by the number of shares of Series B Preferred being converted.

• The number of shares of Common Stock to which a holder of Series B Preferred shall be entitled upon conversion shall be the product obtained by multiplying the "Series B Conversion Rate" then in effect (determined as provided in Section 5(b)) by the number of shares of Series B Preferred being converted.

• The Series C Conversion Rate, the Series B Conversion Rate, and the Series A Conversion Rate, and the Series C Conversion Price, the Series B Conversion Price and the Series A Conversion Price, respectively, are sometimes referred to hereinafter as the “Conversion Rate” and “Conversion Price”, as applicable to such class of Preferred Units.

• The conversion rate in effect at any time for conversion of the Series B Preferred (the "Series B Conversion Rate") shall be the quotient obtained by dividing the Original Issue Price of the Series B Preferred by the "Series B Conversion Price," calculated as provided in Section 4(c).

More Definitions of Series B Conversion Rate

Series B Conversion Rate means the number of Common Units issuable upon the conversion of each Series B Preferred Unit, which shall be equal to (a) the Series B Accrued Amount with respect to such Series B Preferred Unit (plus, solely for purposes of clause (1) in the definition of “Series B COC Conversion Rate” in this Supplemental Terms Annex or with respect to any conversion pursuant to Paragraph 11(b)(i) of this Supplemental Terms Annex in the event of a Series B Change of Control, any Series B Partial Period Distributions on such Series B Preferred Unit) divided by (b) the Series B Issue Price, as may be adjusted as set forth in Paragraph 10(e) of this Supplemental Terms Annex.

Series B Conversion Rate shall have the meaning set forth in Section 5.1 below.

Series B Conversion Rate means the number of Ordinary Shares into which a Series B Preferred Share is convertible.

Series B Conversion Rate means the lesser of: (a) the quotient obtained by dividing (i) the sum of the Series B Stated Liquidation Preference plus the amount of any Series B Unpaid Cash Distributions to, but excluding, the Series B Change of Control Conversion Date (unless the Series B Change of Control Conversion Date is after a Series B Distribution Record Date and prior to the corresponding Series B Distribution Payment Date, in which case no accumulated and unpaid Series B Preferred Unit Distribution will be included in this sum) by (ii) the Series B Common Unit Price; and (b) the Series B Unit Cap.

Series B Conversion Rate means (i) with respect to Common Units, the quotient (rounded to the fifth decimal place) obtained by dividing (A) the Series B Liquidation Value as of the applicable Series B Conversion Notice Date by (B) $42.857, which quotient, as of the Series B Issuance Date, equals 0.77000, and (ii) with respect to MLP Common Units, the quotient obtained by dividing (A) the Series B Liquidation Value as of the applicable Series B Conversion Notice Date by (B) the VWAP Price of MLP Common Units as of the applicable Series B Conversion Notice Date.

Series B Conversion Rate means, initially 1,367.9891 shares of Common Stock per $1,000 principal amount of Series B Notes, subject to adjustment as set forth herein.

Series B Conversion Rate means the “Conversion Rate” as defined in the Series B Certificate of Designations.