Series C Preference definition

Series C Preference means $2.20, plus an amount equal to all accrued but unpaid dividends on each share of Series C Preferred Stock.

Series C Preference means the result of multiplying (i) the aggregate number of shares of Series C Preferred Stock outstanding immediately prior to the Effective Time by (ii) $1.60.

Series C Preference means $2.20.

Examples of Series C Preference in a sentence

• If the assets and funds are insufficient to permit the full payment of the Series C Preference Amount on all Series C Preferred Shares, then the entire assets and funds of the Company legally available for distribution to the Series C Preferred Shares shall be distributed ratably among the holders of the Series C Preferred Shares in proportion to the aggregate Series C Preference Amount each such holder is otherwise entitled to receive pursuant to this Section 4.6(i)(d).

• The Series C Preference Units represent perpetual equity interests in the Partnership and shall not give rise to a claim by the holder for redemption thereof at a particular date.

• Series C Holders shall be entitled to receive Series C Distributions from time to time out of any assets of the Partnership legally available for the payment of distributions at the Series C Distribution Rate per Series C Preference Unit when, as, and if declared by the Board of Directors.

• If after the full liquidation Series D Preference Amount on all issued and outstanding Series D Preferred Shares has been paid, the Company has insufficient assets to permit payment of the Series C Preference Amount in full to all holders of Series C Preferred Shares, then the assets of the Company shall be distributed ratably to the holders of the Series C Preferred Shares in proportion to the Series C Preference Amount each such holder of Series C Preferred Shares would otherwise be entitled to receive.

• Series C Preference Units that are purchased or otherwise acquired by the Partnership shall be cancelled.

More Definitions of Series C Preference

Series C Preference means $3.99.

Series C Preference means, with respect to each share of Series C Preferred Stock, that number of shares of Parent Common Stock equal to $0.50 divided by the average of the closing prices of Parent Common Stock on the NYSEA for the 20 trading day period ending 3 trading days prior to the Closing (or such other market if Parent Common Stock does not trade on the NYSEA, and if the Parent Common Stock does not trade on any active public market, then the value thereof, as determined by the board of directors of the Company).

Series C Preference means with respect to Company Series C Shares issued on November 13, 2001, $0.9077, and with respect to any other Company Series C Shares, $0.78.

Series C Preference means an amount of cash payable with respect to each share of Company Series B Preferred Stock in accordance with Section 4 of the Company’s Certificate of Designations, Preferences and Rights of Series C Preferred Stock.

Series C Preference means, at any time of determination, an amount per Series C Unit equal to (a) the Original Issue Price of such Series C Unit, less (b) the aggregate amount of any prior distributions pursuant to Section 8.1(a)(iii) in respect of such Series C Unit (but not below zero).

Series C Preference means $0.4997 per share of Series C Preferred Stock, multiplied by the number of shares of Series C Preferred Stock outstanding immediately prior to the Effective Time.

Series C Preference shall have the meaning as specified in Section 2.2(a)(iii).