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.

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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 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.
As of the date hereof, the Conversion Rate (as defined in the 2016 Convertible Note Indenture) in respect of the 2016 Convertible Notes is 22.7376 shares of Company Common Stock per $1,000 in principal amount of 2016 Convertible Notes and the Series B Conversion Rate (as defined in the Certificate of Designations) is 5.7703.
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.
Upon the occurrence of each adjustment or readjustment of the Series B Conversion Rate pursuant to Section 4(f), the Company at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and furnish to each holder of the Series B Preferred Stock a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based.
Subject to adjustment as provided in Sections 5.9(b)(ix) and (x), the number of Common Units or MLP Common Units, as applicable, issuable pursuant to a conversion of Series B Units shall equal the product of (A) the number of Series B Units to be converted, and (B) the Series B Conversion Rate determined as of the Series B Conversion Notice Date.

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

Series B Conversion Rate means the amount determined pursuant to the following formula, subject to adjustment in accordance with this Certificate of Designation:

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.