Series B Exchange Ratio definition

Series B Exchange Ratio means the number of ENLC Common Units issuable upon the exchange of each Series B Preferred Unit (including any accrued and unpaid Series B PIK Preferred Units), which shall equal the product of (i) the Series B Distribution Exchange Rate at the applicable time, multiplied by (ii) the Common Unit Exchange Ratio.

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Series B Exchange Ratio means the sum of (a) the Common Exchange Ratio and (b) the quotient obtained by dividing (i) the Series B Preference Payment by (ii) the Closing Date Share Value.

Series B Exchange Ratio shall have the meaning specified in Section 3.01(c).

Examples of Series B Exchange Ratio in a sentence

DLJ has delivered to the board of directors of STC its written opinion to the effect that, as of the date hereof, the Common Exchange Ratio, the Series A Exchange Ratio and the Series B Exchange Ratio to be offered to the stockholders of STC in the proposed transaction are fair to such stockholders from a financial point of view.
Lehm▇▇ ▇▇▇thers has delivered to the board of directors of CGI its written opinion to the effect that, as of the date hereof, each of the Common Exchange Ratio, the Series A Exchange Ratio and the Series B Exchange Ratio is fair to the holders of shares of CGI Common Stock from a financial point of view.
Each one share of Series B Convertible Preferred Stock of the Merging Corporation issued (including, without limitation, shares held by the Merging Corporation) at the Effective Time shall, as of the Effective Time, by virtue of the Merger and without any action on the part of the holder thereof, be converted into and exchanged for one share of the Series B Convertible Preferred Stock ("Series B Preferred Stock") of the Surviving Corporation (the "Series B Exchange Ratio").
Each holder of Company Series B Preferred Stock issued and outstanding immediately prior to the Effective Time shall be entitled to receive the following: (i) the number of shares of Parent Common Stock that is equal to the Series B Exchange Ratio for each share of Company Series B Preferred Stock (the “Series B Share Consideration”), and (ii) an amount of cash that is equal to the Series B Cash Consideration for each share of Company Series B Preferred Stock.
At the Effective Time, each share of Target Series B Preferred Stock issued and outstanding immediately prior to the Effective Time (other than any Dissenting Shares) will be automatically converted into the right to receive that number of shares of Acquiror Common Stock equal to the Series B Exchange Ratio, rounded down to the nearest whole share of Acquiror Common Stock.

More Definitions of Series B Exchange Ratio

Series B Exchange Ratio means the result obtained by dividing (i) the product of (A) the Series B Preference Percentage multiplied by (B) the Preferred Merger Shares, by (ii) the total number of shares of Series B Preferred Stock outstanding immediately prior to the Effective Time.

Series B Exchange Ratio will equal the quotient obtained by dividing (A) the total number of Merger Shares not issued to the holders of ANI Series D Preferred Stock under clause (i) above or ANI Series C Preferred Stock under clause (ii) above having an aggregate Share Value equal to or less than the Series B Preference Amount (or, if less, the remaining Merger Shares), by (B) the number of outstanding ANI Series B Preferred Stock immediately prior to the Effective Time.

Series B Exchange Ratio means that number equal to a quotient, (A) the numerator of which shall be the Aggregate Series B Share Number, and (B) the denominator of which shall be the total number of shares of Company Series B Preferred Stock assuming full exercise of all warrants and stock options that are exercisable for Company Series B Preferred Stock. "Series B Return on Capital Amount" shall be calculated as follows: - if the product of (1) the Aggregate Preferred Share Number and (2) the Average Stock Price is equal to or greater than the Aggregate Liquidation Preference, then the "Series B Return on Capital Amount" shall be equal to the aggregate liquidation preference, in dollars, for the Company Series B Preferred Stock pursuant to Section 3.b of the Company's Amended and Restated Articles of Incorporation filed with the State of California on April 14, 1999; and - if the product of (1) the Aggregate Preferred Share Number and (2) the Average Stock Price is less than the Aggregate Liquidation Preference, then the "Series B Return on Capital Amount" shall be equal to the product obtained by multiplying the following three numbers: (A) the Aggregate Preferred Share Number, (B) the Average Stock Price and (C) the percentage of the Aggregate Liquidation Preference that relates to Company Series B Preferred Stock.

Series B Exchange Ratio means an amount equal to the product of (a) the Exchange Ratio multiplied by (b) the conversion ratio at which Company Preferred Series A Stock may be converted into Company Common Stock in accordance with the Certificate of Incorporation of Company in effect immediately prior to the Effective Time.

Series B Exchange Ratio means the sum of (i) the quotient obtained by dividing (x) the Merger Consideration minus the Liquidation Share Number by

Series B Exchange Ratio is defined as the quotient obtained by dividing (i) the quotient obtained by dividing $53,000,000 by the "Juniper Per Share Price" by (ii) the aggregate number of "PBC Series B Preferred Securities" (as defined below). Each holder of PBC issued and outstanding shares of series B preferred stock who does not demand appraisal rights in accordance with Delaware Law or California Law, shall receive the number of Shares equal to the number of Shares determined by applying the Series B Exchange Ratio as defined in the preceding sentence. In utilizing the Series B Exchange Ratio to calculate the amount of stock consideration or the number or exercise price for option shares, all share amounts will be rounded down to the nearest whole number and all dollar amounts will be rounded up to the nearest cent.

Series B Exchange Ratio is defined in Section 2.01(c). -----------------------