Series B Percentage definition

Series B Percentage means the Series B Investment Amount divided by the Total Preferred Stock Investment Amount.

Series B Percentage means, at any time, the percentage that the Series B Revolving Credit Commitments comprise of the Revolving Credit Commitments at such time. For the avoidance of doubt, the sum of the Series A Percentage and the Series B Percentage shall at all times equal 100%.

Series B Percentage shall have the meaning set forth in the Certificate of Incorporation of the Company.

Examples of Series B Percentage in a sentence

• Subordinated Note Series B Percentage means, with respect to any applicable Debt Payment or Trust Payment in respect of the New Junior Subordinated Notes or the Junior Litigation Trust Certificates, the percentage obtained by multiplying the amount equal to the difference of 1.10 (being 110%) minus the Subordinated Note InsCorp Percentage.

• The General Meeting of Shareholders may resolve in any given financial year not to dis- tribute dividends, or to distribute dividends in an amount which is less than the full amount of the PIK Dividend; in such cases the respective remaining amount of the PIK Dividend of such year is forfeited at the end of such financial year, shall not be carried forward to the following financial year(s) and does not increase the subsequently applicable Series B Percentage.

• Depreciation deductions with respect to Co-Product Assets shall be allocated among holders of Series B Units in accordance with their Series B Percentage Interests.

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• Upon liquidation of the Company the Series B Preferred Shares will be paid the Series B Percentage of all amounts which would have been distributed to holders of Common Stock.

More Definitions of Series B Percentage

Series B Percentage means a number, expressed as a percentage, calculated by dividing (i) that number of shares of Series B Preferred Stock, Series B-1 Preferred Stock, Series B Prime Preferred Stock and Series B-1 Prime Preferred Stock outstanding as of immediately prior to the Effective Time on an as-converted to Target Common Stock basis plus the number of shares of Series B-1 Preferred Stock underlying the Eligible Target Warrants outstanding as of immediately prior to the Effective Time which are exercisable for shares of Series B-1 Preferred Stock by (ii) the Fully Diluted Amount, and multiplying such quotient by 100.

Series B Percentage means the aggregate portion of the Estimated Preferred Purchase Price to be paid to the holders of Series B Preferred Stock, without duplication, pursuant to the Closing Date Certificate and Sections 2.7(a), 2.7(c) (if any), 2.8 and 2.9, divided by the sum of (i) Estimated Preferred Purchase Price plus (ii) the aggregate amount paid (if any) to all Company Preferred Securityholders pursuant to Section 2.7(c).

Series B Percentage means, as of any time of determination, the product of (a) 6% and (b) the quotient determined by dividing (i) the total number of Series B Units then outstanding (excluding, for the avoidance of doubt, the total number of previously issued Series B Units that have been forfeited to the Company, if any) by (ii) the total number of Series B Units authorized pursuant to Section 3.2(a).

Series B Percentage means 0.0177333, which is the fraction, calculated to seven decimal places, obtained from dividing $569,239.47 by $32,100,000.

Series B Percentage has the meaning set forth in Section 1.6(c).

Series B Percentage means 33.299028573%.

Series B Percentage means that amount equal to the quotient obtained by dividing the Series B Preference by the Aggregate Junior Preferred Preference.