Series B Preferred Liquidation Preference definition

Series B Preferred Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 (subject to adjustment for any splits, combinations or similar adjustments to the Series B Preferred Units), which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Preferred Distributions (whether or not such distributions shall have been declared).
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Series B Preferred Liquidation Preference means the quotient obtained by multiplying $2.7143 by the number of outstanding shares of Company Series B Preferred Stock immediately prior to the Effective Time.
Sample 1
Series B Preferred Liquidation Preference has the meaning set forth in Section 2.6.3.
Sample 1

Examples of Series B Preferred Liquidation Preference in a sentence

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

  • The initial Capital Account attributable to a Series B Preferred Unit shall be the Series B Preferred Liquidation Preference for such Unit, irrespective of the amount paid by such holder for such Unit, and any amount paid for a Series B Preferred Unit in excess of the Series B Preferred Liquidation Preference for such Unit shall be considered income of the Partnership.

  • In the event that a Series B Preferred Unit is issued for an amount in excess of the Series B Preferred Liquidation Preference for such Unit, the excess shall be considered income of the Partnership and shall be allocated to the Partners (other than Series A Preferred Unitholders, Series B Preferred Unitholders, and Series C Preferred Unitholders) in accordance with their respective Percentage Interests.

  • Income of the Partnership attributable to the issuance by the Partnership of a Series B Preferred Unit for an amount in excess of the Series B Preferred Liquidation Preference for such Unit shall be allocated to the Partners (other than Series A Preferred Unitholders and Series B Preferred Unitholders) in accordance with their respective Percentage Interests.

  • A similar approach will still work, but the algebraic manipulations become a little harder.

  • If upon the consummation of any Liquidation Event the proceeds of such Liquidation Event are insufficient to pay the holders of Series B Preferred Stock the full Series B Preferred Liquidation Preference Amount, the holders of Series B Preferred Stock shall share ratably in any distribution of proceeds together with the holders of Common Stock in accordance with SECTION 5.2(d).

  • Anything contained in this SECTION 5.3 to the contrary notwithstanding, each holder of Series B Preferred Stock shall have the right to convert all or any part of the shares of Series B Preferred Stock held by such holder into shares of Common Stock pursuant to SECTION 5.3(c)(iii) in lieu of receiving the Series B Preferred Liquidation Preference Amount in connection with any Liquidation Event.

  • The Series B Preferred Liquidation Preference Amount shall be subject to adjustment in the event of any stock split, combination, reorganization, recapitalization, reclassification or other similar event involving a change affecting the Series B Preferred Stock.

  • Stock shall equal the aggregate of the Series A Preferred Liquidation Preference and the Series B Preferred Liquidation Preference divided by the Conversion Price.

  • Each share of Series A Preferred and Series B Preferred shall be entitled to receive, on a pari passu basis, dividends and distributions at an annual rate of 4.0% of the Series A Preferred Liquidation Preference and the Series B Preferred Liquidation Preference thereof, respectively, payable quarterly in cash.


More Definitions of Series B Preferred Liquidation Preference

Series B Preferred Liquidation Preference means $2.1782 per share of Series B Preferred Stock. (xxx) The “Series B Preferred Stock Conversion Ratio” means the quotient of (A) the Total Redistributed Stock Consideration divided by (B) the Fully-Diluted Number of Shares of Series B Preferred Stock. (xxxi) The “Stock Consideration” means 9,050,000 shares of Parent Common Stock. (xxxii) The “Stock Conversion Ratio” means the quotient of (A) the Merger Stock Consideration divided by (B) the sum obtained by adding (i) the Fully-Diluted Number of Shares of Company Common Stock plus (ii) the Fully-Diluted Number of Shares of Series B Preferred Stock plus (iii) the Fully-Diluted Number of Shares of Series A Preferred Stock. (xxxiii) The “Stock Excess Legal Expenses” shall be equal to the quotient of (A) the product obtained by multiplying (x) the Excess Legal Expenses by (y) the Stock Redistribution Percentage divided by (B) the Parent Average Stock Price. (xxxiv) The “Stock Redistribution Percentage” means the quotient of (A) the product of (i) the Company Common Stock Conversion Ratio multiplied by (ii) the Parent Average Stock
Sample 1
Series B Preferred Liquidation Preference means that number of shares of Wave Common Stock equal to the result of dividing (A) the sum of $.902, PLUS the amount of all declared but unpaid dividends on such Series B Preferred by (B) the Average Price.
Sample 1
Series B Preferred Liquidation Preference means $2.1782 per share of Series B Preferred Stock.
Sample 1
Series B Preferred Liquidation Preference means, at any point in time and with respect to each share of Series B Preferred Stock, an amount per share equal to the Original Issuance Price of such share, plus the amount of any accrued but unpaid Series B Preferred Dividends on such share, through the date in question.
Sample 1

Related to Series B Preferred Liquidation Preference

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

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), 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 C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.

  • Initial Liquidation Preference means one thousand dollars ($1,000.00) per share of Convertible Preferred Stock.

  • Liquidation Preference Amount means $25,000 per share of Series A Preferred Stock.

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

  • Series D Preferred means the Series D Convertible Preferred Stock of the Company, par value $.01 per share.

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

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

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

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

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

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

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

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

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

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

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

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

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

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

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

  • New Preferred Stock means the Series B-1 Preferred Stock and the Series B-2 Preferred Stock.

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