Initial Stated Value definition

Initial Stated Value means an amount equal to the quotient obtained by dividing (i) US$50,000,000 by (ii) the number of Series B Preferred Shares issued and outstanding as at the Closing Date;

Initial Stated Value means forty-five dollars ($45.00) per share of Convertible Preferred Stock.

Initial Stated Value means $25.00 per share of Series D2 Preferred Stock.

Examples of Initial Stated Value in a sentence

• Prior to the consummation of the Recapitalization, dividends shall accrue and accumulate on the Initial Stated Value of each share of Series B Preferred Stock.

• The designation of this series of shares shall be "Series B Convertible Preferred Stock" (the "Series B Preferred Stock") par value $0.001 per share; the initial stated value per share shall be $1,000.00 (the "Initial Stated Value"); and the number of shares constituting such series shall be 100,000.

• The designation of this series of shares shall be "Series C Convertible Preferred Stock" (the "Series C Preferred Stock") par value $0.001 per share; the initial stated value per share shall be $1,000.00 (the "Initial Stated Value"); and the number of shares constituting such series shall be 100,000.

• Each holder of an Allowed American General Unsecured Guaranteed Claim shall receive on the Initial Distribution Date (for American General Unsecured Guaranteed Claims that are Allowed as of the Effective Date), a number of shares of New Mandatorily Convertible Preferred Stock equal to the quotient of such Claim’s pro rata share of the Double-Dip Full Recovery Amount divided by the per share Initial Stated Value.

• Each holder of an Allowed AMR General Unsecured Guaranteed Claim shall receive on the Initial Distribution Date (for AMR General Unsecured Guaranteed Claims that are Allowed as of the Effective Date), a number of shares of New Mandatorily Convertible Preferred Stock equal to the quotient of such Claim’s pro rata share of the Double-Dip Full Recovery Amount divided by the per share Initial Stated Value.

More Definitions of Initial Stated Value

Initial Stated Value means $25.00 per share of Series D1 Preferred Stock.

Initial Stated Value means an amount equal to the quotient obtained by dividing (i) US$50,000,000 by (ii) the number of Series B Preferred Shares issued and outstanding as at the Closing Date; Xxxxxxxx.xxx, Corp. Page 6

Initial Stated Value means the initial Series A-1 Stated Value, as in effect on the Initial Closing Date after giving effect to the Initial Closing, and as may be adjusted from time to time in the definition thereof in the Series A Certificate of Designation.

Initial Stated Value means $25.00 per Convertible Share.

Initial Stated Value means, with respect to any share of New Mandatorily Convertible Preferred Stock, an amount equal to $25 per share.

Initial Stated Value means $5,796.933422 per share of Series C Preferred Stock.

Initial Stated Value means $1,000 per share of Series B Preferred Stock.