Examples of Series B Liquidation Preference Amount in a sentence
The Series B Liquidation Preference Amount shall be paid to the holders of Series B Preferred Stock in cash and the holders of Series B Preferred Stock shall not be entitled to any further payments in the event of any Liquidation Event other than what is expressly provided for in this Section 5.
Notwithstanding the foregoing, in no event shall the Series B Liquidation Preference Amount be a negative amount as a result of Special Distributions.
The Corporation may, at any time prior to February 1, 2008 redeem each share of Series B Preferred Stock then outstanding for a cash price equal to the sum of (i) the Series B Liquidation Preference Amount as of the date of redemption, plus (ii) an amount equal to all Series B Cumulative Dividends (whether or not earned or declared) on such shares of the Series B Preferred Stock to February 1, 2008.
If the assets and funds available for distribution among the holders of the Series B Preferred Stock shall be insufficient to permit the payment to the holders of the Series B Preferred Stock of the full Series B Liquidation Preference Amount, then the assets and funds of the Corporation legally available for distribution shall be distributed ratably among the holders of the Series B Preferred Stock and Diluted Series B Preferred Stock (if any).
The dollar values of the Series A Liquidation Preference Amount, the Series B Liquidation Preference Amount, the Conversion Price, the Original Issue Price, together with the numerical value of the Conversion Rate and the Pro Rata Share of each Equity Holder, are set forth on Schedule 4.4(a) of the Company Disclosure Schedules.