Series B Preference definition

Series B Preference means $1.48.

Series B Preference means $0.80, plus an amount equal to all accrued but unpaid dividends on each share of Series B Preferred Stock.

Series B Preference means the result of multiplying (i) the aggregate number of shares of Series B Preferred Stock outstanding immediately prior to the Effective Time by (ii) $0.80.

Examples of Series B Preference in a sentence

• Any shares of Series B Preference Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.

• Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series B Preference Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B Preference Stock.

• Series B Holders shall be entitled to receive Series B Distributions from time to time out of any assets of the Partnership legally available for the payment of distributions at the Series B Distribution Rate per Series B Preference Unit when, as, and if declared by the Board of Directors.

• To the fullest extent permitted by applicable law, the General Partner, Partnership, the Transfer Agent and the Paying Agent may deem and treat any Series B Holder as the true, lawful and absolute owner of the applicable Series B Preference Units for all purposes, and neither the General Partner, the Partnership nor the Transfer Agent or the Paying Agent shall be affected by any notice to the contrary.

• Each Series B Preference Unit shall be identical in all respects to every other Series B Preference Unit, except as to the respective dates from which the Series B Liquidation Preference shall increase or from which Series B Distributions may begin accruing, to the extent such dates may differ.

More Definitions of Series B Preference

Series B Preference means $2.00.

Series B Preference. Series B Preference" shall have the meaning ascribed to such term in Section 1.5(b)(i) of this Agreement.

Series B Preference with respect to all of the outstanding shares of Series B Preferred Stock, in the aggregate, shall mean that amount of the Shareholder Consideration equal to "A" in the following formula: A = (1-P)*(Shareholder Consideration), where P equals (9.732853 * 10(8) * Shareholder Consideration) minus 0.31470577; provided, however, in no event shall P be less than .2726550 or more than .4016254.

Series B Preference means, with respect to each share of Series B Preferred Stock, that number of shares of Parent Common Stock equal to $1.4062 divided by the average of the closing prices of Parent Common Stock on the NYSEA for the 20 trading day period ending 3 trading days prior to the Closing (or such other market if Parent Common Stock does not trade on the NYSEA, and if the Parent Common Stock does not trade on any active public market, then the value thereof, as determined by the board of directors of the Company).

Series B Preference means an amount of cash payable with respect to each share of Company Series B Preferred Stock in accordance with Section 4 of the Company’s Certificate of Designations, Preferences and Rights of Series B Preferred Stock.

Series B Preference means, at any time of determination, an amount equal to (a) $[●], less (b) the aggregate amount of any prior distributions pursuant to Section 8.1(a)(i) in respect of the Series B Units (but not below zero).

Series B Preference means $7.74 per share of Series B Preferred Stock, multiplied by the number of shares of Series B Preferred Stock outstanding immediately prior to the Effective Time.