Examples of Series E Purchase Price in a sentence
Subject to the terms and conditions hereof and in consideration of the Series E Purchase Price set forth below, the Company hereby agrees to issue and sell to the Purchaser, and the Purchaser hereby agrees to purchase from the Company, 7,828,728 Series E Shares, at a price of US$80.5674 per share, for an aggregate purchase price of US$630,740,000 (the “Series E Purchase Price”).
At the Closing, the Purchaser shall deliver to the Company the Series E Purchase Price for each Series E Share to the bank account which shall be designated by the Company in writing to the Purchaser not less than five (5) Business Days prior to the Closing.
As so amended, the Circuit City Rights are now designated as the “Rights”, the Series E Purchase Price is now designated as the “Purchase Price”, and all provisions relating to the CarMax Stock, the CarMax Rights, the Series F Preferred Stock and the Series F Purchase Price have been deleted.
The number of shares into which one share of Series E Preferred Stock shall be convertible shall be determined by dividing $120 (the "Series E Purchase Price") by the then existing Conversion Price (as set forth below), which shall be subject to adjustment from time to time in certain instances, as provided below in this paragraph (g)(iii) (the "Conversion Ratio").
The liquidation value per share of Series E shall be the sum of $3.94 (the "Series E Purchase Price") plus all declared and accrued but unpaid dividends as of the date the liquidation value of such share is determined, as adjusted by other provisions contained herein (the "Series E Liquidation Value").
The shares of such series of Preferred Stock shall be designated as "Series E Convertible Preferred Stock" (referred to herein as the "Series E Convertible Preferred Stock"), and shall have a per share purchase price of $4.50 (which amount shall be subject to equitable adjustment whenever there shall occur a stock split, combination, reclassification or other similar event involving the Series E Convertible Preferred Stock) (the "Original Series E Purchase Price").
From the date of the first issuance of the Series E Convertible Preferred Stock (the "First Issue Date") until the third anniversary of such date, the Corporation shall pay to the holders of the issued and outstanding shares of the Series E Convertible Preferred Stock dividends in accordance with paragraph (a) above and this paragraph (b) in an amount equal to 5.0% per annum of the Original Series E Purchase Price (the "Initial Dividend Rate").
Initially, the conversion price shall be Original Series E Purchase Price.
The Liquidation Value for each share of Series E Preferred Stock shall be the sum of (x) Two Dollars and Thirty Cents ($2.30) (as adjusted for any stock dividends, combinations or splits with respect to such shares) (the "Original Series E Purchase Price") and (y) an amount that reflects a 12% return, compounded annually, on the Original Series E Purchase Price for each 12 months that has passed since the Original Issue Date with respect to the Series E Preferred Stock.
The number of shares into which one share of Series E Preferred Stock shall be convertible shall be determined by dividing $100 (the "Series E Purchase Price") by the then existing Conversion Price (as set forth below), which shall be subject to adjustment from time to time in certain instances, as provided below in this paragraph (g)(iii) (the "Conversion Ratio").