Preferred Redemption Amount definition

Preferred Redemption Amount means, with respect to any class or series of Preferred Units, the sum of (i) the amount of any accumulated Preferred Distribution Shortfall with respect to such class or series of Preferred Units, (ii) the Preferred Distribution Requirement with respect to such class or series of Preferred Units to the date of redemption and (iii) the Preferred Redemption Price indicated in the Preferred Unit Designation with respect to such class or series of Preferred Units.

Preferred Redemption Amount means the aggregate cash amount required to redeem in full and in cash all Preferred Stock (including all accrued but unpaid dividends, premiums and penalties, if any, thereon or related thereto) as of the Effective Time pursuant to the Certificate of Incorporation.

Preferred Redemption Amount means the cumulative priority amounts paid to the holders of the Company Preferred Stock equal to their respective redemption prices as determined in accordance with the Certificate of Incorporation and in accordance with their respective ownership of Company Preferred Stock as set forth on Schedule 2.3(b).

Examples of Preferred Redemption Amount in a sentence

• The Series A Preferred Redemption Amount shall be payable to the Tendering Series A Preferred Unit Holder on the Series A Preferred Redemption Date.

• The Series B Preferred Redemption Amount shall be payable to the Tendering Series B Preferred Unit Holder on the Series B Preferred Redemption Date.

• The undersigned holders of Series C Preferred Stock irrevocably agree that notwithstanding anything to the contrary set forth in the Series C Preferred Certificate of Desigations, the Series C Preferred Redemption Amount shall be calculated in accordance with the definition of such term in the Merger Agreement, and the only amounts payable to such holders in respect of their shares of Series C Preferred Stock as a result of the Merger shall be as set forth in Section 2.2 of the Merger Agreement.

• If, after the Effective Time, Certificates representing shares of Target Common Stock or Target Preferred Stock, as the case may be, are presented to the Surviving Corporation for any reason, they shall be cancelled and converted into the right to receive the portion of the Total Common Stock Merger Consideration or the Preferred Redemption Amount, as the case may be, represented by such Certificate as provided in this Article III, except as otherwise provided by Applicable Law.

• Parent shall cause the Paying Agent to make, and the Paying Agent shall make, payments of the Company Common Share Merger Consideration, the Preferred Redemption Amount, the Partnership Merger Consideration, the Restricted Unit Consideration, the Option Consideration, the Series A Consideration and the Series B Consideration out of the Exchange Fund in accordance with this Agreement.

More Definitions of Preferred Redemption Amount

Preferred Redemption Amount means an amount equal to one hundred percent (100%) of the applicable Original Purchase Price.

Preferred Redemption Amount means the amount, including accrued and unpaid dividends (whether or not declared) or similar amounts, required to be paid to the holders of the Preferred Stock to redeem the Preferred Stock pursuant to the terms of the Preferred Stock at the Effective Time.

Preferred Redemption Amount for the preferred shares as hereinafter referred to shall mean with respect to the preferred shares, the sum of $1.00 per share;

Preferred Redemption Amount means the aggregate amount required to redeem, on the Closing Date, all of the shares of Preferred Stock outstanding as of such date in accordance with Section 7.1 of the Certificate of Designation, Preferences and Rights, dated as of November 8, 2012, relating to the Preferred Stock, which amount shall be set forth in the notice delivered by the Company to Buyer pursuant to Section 1.2(d).

Preferred Redemption Amount means, with respect to any class or series of Preferred Units, the sum of (i) the amount of any accumulated Preferred Distribution Shortfall with respect to such class or series of Preferred Units, (ii) the Preferred Distribution Requirement with respect to such class or series of Preferred Units to the date of redemption and (iii) the Preferred Redemption Price indicated in the Preferred Unit Designation with respect to such class or series of Preferred Units. "Preferred Redemption Price" shall have the meaning set forth in Section 4.4(b) hereof. "Preferred Stock" shall mean any class of equity securities of the Company now or hereafter authorized or reclassified, other than the Common Stock, having dividend rights that are superior or prior to dividends payable on the Common Stock. "Preferred Unit Designation" shall have the meaning set forth in Section 4.4(b) hereof.

Preferred Redemption Amount means $40,000,000 plus the accrued return thereon up to the Closing Date.

Preferred Redemption Amount means (x) the product of (i) Nine Hundred Ninety-Nine Dollars ($999) multiplied by (ii) the number of Fully Diluted Preferred Shares plus (y) the aggregate amount of the accrued and unpaid dividends to which all shares of Preferred Stock are entitled.