Examples of Series B Liquidation Value in a sentence
The liquidation preference of the Series B Preferred Stock shall be $1,000 per share (the "Series B Liquidation Value").
The liquidation preference of the Series B Preferred Stock shall be $100,000 per share ("Series B Liquidation Value").
The holders of shares of the Series B Preferred Stock in preference to the Series B Junior Securities shall be entitled to receive, out of funds legally available for that purpose, and when, as, and if declared by the Board of Directors of the Bank, preferential non-cumulative dividends payable in cash in an amount determined by applying the annual rate of LIBOR plus 200 basis points to the Series B Liquidation Value (the "Series B Dividend Rate").
The Company shall redeem such Series B Preferred Shares in an amount equal to the applicable portion of the Series B Liquidation Value calculated as of the closing date for such redemption (the “Series B Closing Date”), which date shall be specified by the Company, but shall in no event be more than 90 days following the date of the delivery of the Election Notice.
The Corporation shall have the right at any time to redeem the Shares, or any number of shares thereof, issued and outstanding, at any time by paying to the holders thereof the Series B Liquidation Value per Share.