Series B Preferred Stock Merger Consideration definition

Series B Preferred Stock Merger Consideration shall have the meaning set forth in Section 3.2(b).

Series B Preferred Stock Merger Consideration means an amount in cash equal to the common stock merger consideration (i.e., $52.50 in cash), divided by 14,000 for each share of Taubman Series B preferred stock.

Series B Preferred Stock Merger Consideration means the aggregate amount equal to the sum of the Liquidation Values of each share of Series B Preferred Stock outstanding on the Closing Date, as determined in accordance with the Seller's Certificate of Incorporation in effect immediately prior to the Effective Time.

Examples of Series B Preferred Stock Merger Consideration in a sentence

• If after the Effective Time such holder fails to perfect or withdraws or loses such holder's right to appraisal, such shares shall be treated as if they had been converted as of the Effective Time into the right to receive the Series B Preferred Stock Merger Consideration, Series C Preferred Stock Merger Consideration or Series D Preferred Stock Merger Consideration, as applicable.

• The Series A Preferred Stock Merger Consideration, the Series B Preferred Stock Merger Consideration, the Series C Preferred Stock Merger Consideration and the Series D Preferred Stock Merger Consideration are hereinafter referred to together as the "PREFERRED STOCK MERGER CONSIDERATION" and, together with the Common Stock Merger Consideration, as the "MERGER CONSIDERATION".

• Fractional shares of the Surviving Corporation Series B Preferred Stock and fractional shares of the Surviving Corporation Series C Preferred Stock may be issued in connection with the payment of the Series B Preferred Stock Merger Consideration or Series C Preferred Stock Merger Consideration, as the case may be.

More Definitions of Series B Preferred Stock Merger Consideration

Series B Preferred Stock Merger Consideration means an amount equal to (A) the Series B Preferred Value plus (B) the product of (1) the Series B Conversion Rate, multiplied by (2) the Common Stock Per Share Merger Consideration.

Series B Preferred Stock Merger Consideration means eighteen million seven hundred twenty thousand five hundred eighty-six dollars ($18,720,586).

Series B Preferred Stock Merger Consideration means an amount equal to the sum of (A) $1,000 and (B) all accrued and unpaid dividends, whether or not declared (computed on a cumulative and compounding basis), in respect of each share of Series B Preferred Stock as of the Effective Time.