Series B Preference Amount definition

Series B Preference Amount means the Series B Bullet Payment, inclusive of the concept of the Target Return;

Series B Preference Amount means $12.43 (as adjusted for Unit splits, combinations and other reclassifications of the Series B Preferred Units). For the avoidance of doubt, no adjustments shall be made to the Series B Preference Amount in connection with any distributions to the holders of Preferred Units pursuant to Section 5.3(a).

Series B Preference Amount means an amount equal to the higher of (a) such amount that will enable each Series B Preferred Share to generate an IRR for the holder of such Series B Preferred Share of at least ten percent (10%); and (b) the amount which would have been payable to each such holder had their respective Series B Preferred Shares been converted to Ordinary Shares immediately prior to the Liquidation Event.

Examples of Series B Preference Amount in a sentence

• If the assets and funds are insufficient to permit the full payment of the Series B+ Preference Amount on all Series B+ Preferred Shares, then the entire assets and funds of the Company legally available for distribution to the Series B+ Preferred Shares shall be distributed ratably among the holders of the Series B+ Preferred Shares in proportion to the aggregate Series B+ Preference Amount each such holder is otherwise entitled to receive pursuant to this Section 4.6(i)(e).

• If the assets and funds thus distributed among the holders of the Series B Preferred Shares shall be insufficient to permit the payment to such holders of the full Series B Preference Amount, then the entire assets and funds of the Company legally available for distribution shall be distributed ratably among the holders of the Series B Preferred Shares in proportion to the aggregate Series B Preference Amount each such holder is otherwise entitled to receive pursuant to this subparagraph (1).

• After payment has been made to the holders of the Series B Preferred Stock of the full Series B Preference Amount to which they shall be entitled as aforesaid, any remaining assets shall be distributed ratably among the holders of the Corporation's Common Stock, Series A Preferred Stock, Series B Preferred Stock and other Junior Securities as if such shares of Series B Preferred Stock had been converted voluntarily into Common Stock immediately prior to such Liquidating Event.

• The redemption price (the "HOLDER REDEMPTION PRICE") of each share of Series B Preferred Stock so redeemed shall be equal to the Series B Preference Amount plus an amount equal to a prorated dividend for the period from the date after the last Dividend Payment Date to the Holder Redemption Date.

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More Definitions of Series B Preference Amount

Series B Preference Amount means, with respect to each share of Series B Preferred Stock, an amount equal to the Series B Base Value (as adjusted for stock dividends, stock splits, combinations, recapitalizations or the like) plus all accrued and unpaid Series B Dividends, whether or not declared, to the Closing Date, including for any partial monthly period, calculated in accordance with the Company Certificate.

Series B Preference Amount has the meaning set forth in Section 10.1(ii) hereof.

Series B Preference Amount means, with respect to each Series B Convertible Preferred Unit, an amount equal to the sum of (i) the Series B Original Purchase Price, and (ii) any other declared, but unpaid distributions with respect to such Series B Convertible Preferred Unit.

Series B Preference Amount means, with respect to each share of Company Series B Preferred Stock outstanding immediately prior to the Effective Time, an amount equal to (a) $2.000 plus (b) any accrued but unpaid dividends (whether or not declared) thereon, as set forth on the Closing Payment Certificate.

Series B Preference Amount means $0.0930 per share of Series B Preferred Stock.

Series B Preference Amount means $0.9729 (subject to adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by the Company with respect to the Series B Preferred Stock prior to the Effective Time).

Series B Preference Amount means a number of shares of Parent Common Stock equal to $2.06 divided by the Trading Price.