Series B Liquidation Amount definition

Series B Liquidation Amount means the greater of (a) the aggregate Series B Liquidation Preference plus the aggregate Series B Redemption Premium or (b) an amount per Series B Preferred Unit equal to the amount which would have been payable to a Series B Preferred Unit holder had each Series B Preferred Unit been converted into OP Units immediately prior to such Liquidation.

Series B Liquidation Amount means, as of any date of determination with respect to a Series B Preferred Unit, the sum of (a) the Series B Preferred Unit Price and (b) an amount sufficient to provide the Holdings Member an IRR equal to 20% with respect to such Series B Preferred Unit as of such date of determination, taking into account all distributions paid to the Holdings Member in respect of such Series B Preferred Unit.

Series B Liquidation Amount means, with respect to each share of Series B Preferred Stock, an amount equal to $100 plus an amount equal to the accrued and unpaid dividends and distributions on such share of Series B Preferred Stock, whether or not declared, to the date of payment, including for any partial monthly period, calculated in accordance with the Company Certificate.

Examples of Series B Liquidation Amount in a sentence

• After the Series A Liquidation Amount, the Series C Liquidation Amount, the Series B Liquidation Amount, the Series D Liquidation Amount, the Series E Liquidation Amount and the Series F Liquidation Amount have been paid in full, the holders of shares of Common Stock shall be entitled to receive the Common Liquidation Amount.

• The Corporation shall redeem the shares of Series B Preferred Stock by paying in cash an amount per share equal to the Series B Liquidation Amount (the “Redemption Price”).

• Notwithstanding the foregoing, no distribution shall be made with respect to the Common Stock or Series A Preferred Stock unless the entire Series B Liquidation Amount has been paid to the holders of Series B Preferred Stock.

• The aggregate amount which a holder of a share of Series A Preferred Stock is entitled to receive with respect to such series under Sections 2.1.2 and 2.2 is hereinafter referred to as the “Series A Liquidation Amount,” and together with the Series B Liquidation Amount, (the “Preferred Liquidation Amount”).

• Upon the payment of the Series B Liquidation Amount in full, the holders of Series B Preferred Stock shall not be entitled to any further payment under this Section 2.1.

More Definitions of Series B Liquidation Amount

Series B Liquidation Amount means an amount per Series B Preferred Unit equal to the greater of (a) the Series B Issue Price, multiplied by (i) on or prior to November 28, 2022, 110%, or (ii) after November 28, 2022, 105%, plus, in each case, any Series B Unpaid Distribution owed on each Series B Preferred Unit, and (b) the amount such Series B Preferred Units would be entitled to if converted pursuant to Paragraph 10(a) of this Supplemental Terms Annex into Common Units (whether or not the Series B Preferred Units are then so convertible pursuant to such Paragraph 10(a)).

Series B Liquidation Amount is defined in Section 5.1(d).

Series B Liquidation Amount means the amount payable upon Liquidation to the holders of the Series B Stock, as provided in the Certificate of Designations on file with the Delaware Secretary of State with respect to the Series B Stock, (vi) "Series C Stock" means the Corporation's Series C Convertible Preferred Stock, $.01 par value, (vii) the "Series C Liquidation Amount" means the amount payable upon Liquidation to the holders of the Series C Stock, as provided in the Certificate of Designations on file with the Delaware Secretary of State with respect to the Series C Stock, and (viii) the "Series D Liquidation Amount" means $12.00 per share of Series D Stock plus all declared and unpaid dividends thereon (if any) through the effective date of Liquidation.

Series B Liquidation Amount means the amount to be paid pursuant to Section 3.2(a)(ii) of Article III of the Company Certificate of Incorporation, as calculated on a per share basis as of the Effective Time and set forth on the Closing Payment Certificate.

Series B Liquidation Amount has the meaning ascribed to it in Section 7.12(a)(viii).

Series B Liquidation Amount means $1,000.00 per share of Series B Preferred Stock.

Series B Liquidation Amount means the “Series B Original Issue Price,” as set forth in Section 2.2 of Article IV, Section B of the Company Certificate of Incorporation, as calculated on a per share basis as of immediately prior to the Effective Time and as set forth on the Closing Payment Certificate.