Series B Preferential Amount definition

Series B Preferential Amount means, with respect to each share of Series B Redeemable Preferred Stock outstanding (including shares issued or accrued as PIK Dividends), the amount equal to the Series B Initial Purchase Price Per Share plus all accrued but unpaid dividends thereon (excluding Series B PIK Dividends).
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Series B Preferential Amount means an amount per share of Series B Preferred Stock equal to $0.7636 plus all declared but unpaid dividends with respect thereto.
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Series B Preferential Amount means an amount equal (i) to the Series B Per Share Preferential Amount multiplied by the number of shares of the Company’s Series B Preferred Stock that are issued and outstanding immediately prior to the Effective Time, which shall be deemed for purposes of this definition to include shares that are issuable pursuant to Company Warrants to purchase shares of Series B Preferred that are outstanding immediately prior to the Effective Time, minus (ii) any Dissenting Shareholder Payment Amounts paid in respect of shares of Series B Preferred.
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Examples of Series B Preferential Amount in a sentence

  • Upon any Liquidation and after both the holders of the Series A Convertible Preferred Stock shall have been paid the full Series A Preferential Amount and the Series B Redeemable Preferred Stock shall have been paid the full Series B Preferential Amount, the entire remaining assets and funds of the Corporation legally available for distribution shall be distributed ratably among the holders of the Common Stock.

  • After payment in full of the Series B Preferential Amount and the amount required by Section 4.1.2, the holders of Common Stock shall be entitled to share ratably in the remaining assets without participation by the holders of either Series B Preferred Stock or Series A Preferred Stock.

  • Upon the closing of an underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock for the account of the Corporation to the public generally (the "PUBLIC OFFERING"), the holders of the Series B Preferred Stock shall be entitled to receive an amount equal to the lesser of (x) the Series B Preferential Amount or (y) the net proceeds of the Public Offering.

  • Upon the payment in full by the Corporation of the Series B Preferential Amount, the outstanding shares of Series B Preferred Stock shall be canceled.

  • If the assets and funds of the Corporation shall be insufficient to permit the payment of the full Series B Preferential Amount to the holders of Series B Preferred Stock, then the entire assets of the Corporation legally available for distribution shall be distributed ratably among the holders of Series B Preferred Stock in accordance with the aggregate liquidation preference of the shares of Series B Preferred Stock held by each of them.

  • Pursuant to the consent or a vote of a majority of the disinterested directors of the Corporation, the Corporation may redeem the Series B Preferred Stock in whole for the Series B Preferential Amount at any time after the Guaranty is no longer in effect.

  • Each such notice shall state: (a) the redemption date; (b) the number of shares of the Series B Preferred Stock to be redeemed; (c) the Series B Preferential Amount allocable to the shares of such holder to be redeemed; and (d) the place or places where certificates representing such shares are to be surrendered for payment of the Series B Preferential Amount allocable to such holder’s shares to be redeemed.

  • After the payment or setting apart of the full Series B Preferential Amount required to be paid to the holders of Series B Preferred Stock, the holders of Common Stock and any other stock of the Corporation ranking in liquidation junior to the Series B Preferred Stock shall be entitled to receive ratably all remaining assets or surplus funds of the Corporation.

  • All amounts so distributed to the holders of Series A Preferred and Series B Preferred, respectively, in accordance therewith shall be credited toward the payment of the Series A Preferential Amount to be paid to the holders of the Series A Preferred and the Series B Preferential Amount to be paid to the holders of the Series B Preferred, as applicable.

  • The holders of the Series B Preferred Stock shall receive the Series B Preferential Amount pari passu with the amounts due to holders of Series A Preferred Stock, the holders of Series C Preferred Stock and the holders of the Series D Preferred Stock under the Designation and Description of Series A Preferred Stock, the Designation and Description of Series C Preferred Stock and the Designation and Description of the Series D Preferred Stock.


More Definitions of Series B Preferential Amount

Series B Preferential Amount means, as to all shares of Series B Preferred Stock and Series B-2 Preferred Stock, the aggregate amount payable in respect of the Series B Preferential Amount Per Share.
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Related to Series B Preferential Amount

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series C Preferred means all shares of the Series C Preferred Stock, $0.001 par value per share, of the Company.

  • Series D Preferred means the Corporation's Series D Convertible Preferred Stock, par value $.002 per share.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.

  • Series E Preferred Stock means the Series E Preferred Stock, par value $0.001, of the Company.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.001 per share.

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.