Series B Redemption Amount definition

Series B Redemption Amount means cash in an amount equal to the product of (i) the Series B Unit Exchange Amount, multiplied by (ii) the daily volume-weighted average closing trading price of ENLC Common Units on the National Securities Exchange on which the ENLC Common Units are listed or admitted to trading for the trailing ten (10) Trading Days ending two
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Series B Redemption Amount means cash in an amount equal to the product of (i) the Series B Unit Exchange Amount, multiplied by (ii) the daily volume-weighted average closing trading price of ENLC Common Units on the National Securities Exchange on which the ENLC Common Units are listed or admitted to trading for the trailing ten (10) Trading Days ending two (2) Trading Days before the Series B Exchange Notice Date or the Series B Forced Exchange Notice Date, as applicable.
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Series B Redemption Amount means the amount paid or payable by VCBank to redeem all outstanding shares of VCBank Series B Preferred Stock not converted to shares of VCBank Common Stock prior to the Mandatory Conversion Date in accordance with the VCBank Articles and Section 5.10 of this Agreement.
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Examples of Series B Redemption Amount in a sentence

  • The payment of the Series B Redemption Amount, the Dividend Buyout Amount and/or the Premium Payment (as applicable) shall be made concurrently with the consummation of the related Business Combination (and upon the consummation thereof the redeemed Series B Preferred Stock shall, subject to Section G below, automatically, without further action on the part of any person, be converted into the right to receive such amounts and/or payment).

  • After the full Series D Redemption Amount on all issued and outstanding Series D Preferred Shares, the full Series C Redemption Amount on all issued and outstanding Series C Preferred Shares and the full Series B Redemption Amount on all issued and outstanding Series B Preferred Shares has been paid to those holders who have elected for redemption, the holders of the Series A Preferred Shares shall be entitled to receive an amount per Series A Preferred Share equal to the Series A Issue Price.

  • In the event the Company or the holder exercises its right to redeem the Series B Preferred Stock under Section 6(A), the amount payable (the "Series B Redemption Amount") on the Business Combination Redemption Date shall be equal to the Series B Stated Amount of all shares to be redeemed plus an amount equal to any dividends accrued or cumulated but not paid on such shares, whether or not declared, through the Business Combination Redemption Date.

  • In the event that either the Company or the holder exercises its Optional Redemption right, upon the consummation of the Business Combination all Series B Preferred Stock shall, subject to Section G below, automatically, without further action on the part of any person, be redeemed and converted into the right to receive the Series B Redemption Amount, the Dividend Buyout Amount and, if applicable, the Premium Payment.

  • The Series B Redemption Amount shall be paid in accordance with Section B.7(f) below.

  • Such notice shall set forth (i) the place of redemption, and (ii) the Series A or Series B Redemption Amount, as applicable, and the aggregate Series A or Series B Redemption Amount, as applicable, to be paid with respect to all the shares to be redeemed.

  • From and after a Series B Redemption Date and a holder's receipt of the applicable Series B Redemption Amount, all rights of such holder with respect to the Series B Preferred Stock redeemed on or before the applicable Series B Redemption Date shall cease and such shares shall not be deemed to be outstanding for any purpose whatsoever.

  • Subject to Section 7.2, each Series B Holder shall be paid that portion of the Series B Redemption Amount equal to the Series B Redemption Amount Per Share multiplied by the number of Series B Shares held by the holder.

  • Notwithstanding the foregoing, no share of Series A Preferred Stock shall be redeemed under the provisions of this Section 5(a) if there are shares of Series B Preferred Stock outstanding at such time which are to be redeemed pursuant to Section 5(b), unless all of such shares of Series B Preferred Stock are first redeemed or funds required to satisfy the Series B Redemption Amount (as hereinafter defined) have been set apart by the corporation for such payment.

  • The redemption price per share of Series B Preferred Stock shall be equal to $0.80 (as adjusted for any stock dividend, stock split, combination of shares, reclassification or other similar event with respect to the Series B Preferred Stock) (the "Series B Redemption Amount").


More Definitions of Series B Redemption Amount

Series B Redemption Amount means, with respect to a share of Series B Preferred Stock, the “Series B Redemption Price” of such share (as such term is described and calculated in accordance with the terms of the Certificate of Incorporation as of the Closing).
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Series B Redemption Amount has the meaning ascribed thereto in the Series B Share Terms.
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Series B Redemption Amount has the meaning set out in Section 7.1(a)(ii).
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Related to Series B Redemption Amount

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Series A Redemption Date has the meaning set forth in Section 16.6.

  • Maximum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Make-Whole Redemption Amount means the sum of:

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Early Redemption Amount (k means the "Early Redemption Amount (k)" as calculated or, respectively specified by the Calculation Agent pursuant to § 4 (2) of the Special Conditions.

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Final Preference Share Redemption Date means the date that falls twenty Business Days following the Valuation Date on which the Calculation Agent has determined the Final Preference Share Redemption Amount or, if earlier, the first Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred.

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Optional Redemption Price means $25,000 per share plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends plus any applicable redemption premium attributable to the designation of a Premium Call Period.

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.