Series B Preferred Exchange Ratio definition

Series B Preferred Exchange Ratio means the number of HRB Preferred Shares that are issued for an Additional GFH Preferred Share pursuant to Section 2.1(b)(ii) hereof.

Series B Preferred Exchange Ratio is defined in Section 2.02(e).

Series B Preferred Exchange Ratio means --------------------------------- the sum of (A) 1.20 divided by 0.90 multiplied by the Common Stock Exchange Ratio and (B) the Series B Liquidation Preference Ratio. The "Series B -------- Liquidation Preference Ratio" means 1.20 divided by the Parent Share Price. ----------------------------

Examples of Series B Preferred Exchange Ratio in a sentence

• Each share of Series B Preferred shall be converted into, and become exchangeable for, a fraction of a share of Parent Common Stock determined pursuant to the Series B Preferred Exchange Ratio (as defined below).

• The Union works to ensure it continues to meet all eligibility criteria in order to qualify to receive the corresponding funding.

• They also noted that familiarity with the primary task (in this case, installing an external disk drive on a computer) increased the likelihood that precautions would be followed, while simultaneously improving the ability to perform a secondary task concurrently.

• The per share exercise price of each Adjusted Parent Series C Option shall equal (A) the per share exercise price of the Acuity Preferred Option to which such Adjusted Parent Series C Option relates divided by (B) the Acuity Series B Preferred Exchange Ratio, rounded to the nearest whole cent.

• Additionally, the relevant context and characteristics of the case study island of Sao Miguel is also discussed in Section 2.

• Each Adjusted Parent Series C Option shall be exercisable for a number of shares of Parent Series C Preferred Stock equal to (i) the number of shares of Acuity Series B Preferred Stock subject to the Acuity Preferred Option to which such Adjusted Parent Series C Option relates multiplied by (ii) the Acuity Series B Preferred Exchange Ratio, rounded to the nearest whole number of shares.

• For the purposes of this clause (iii), "Series B Preferred Exchange Ratio" means --------------------------------- the sum of (A) 1.20 divided by 0.90 multiplied by the Common Stock Exchange Ratio and (B) the Series B Liquidation Preference Ratio.

• To the extent necessary, the Parties shall make appropriate adjustment to the Ironclad Common Exchange Ratios, Ironclad Series A Preferred Exchange Ratio, or Ironclad Series B Preferred Exchange Ratio, as applicable, to ensure that the sum of the Merger Consideration Shares and Merger Consideration Reserved Shares shall be equal to the Merger Consideration.

More Definitions of Series B Preferred Exchange Ratio

Series B Preferred Exchange Ratio means the quotient obtained by dividing the Series B Allocation Number by the Aggregate Series B Number.

Series B Preferred Exchange Ratio means the quotient (calculated to five decimal places) obtained by dividing (x) the Series B Liquidation Preference by (y) the Average Closing Price.