Examples of Preferred Share Amount in a sentence
The Per Common Share Amount and the Per Preferred Share Amount shall be net to the seller in cash, upon the terms and subject to the conditions of the Offer.
For so long as the Fortress Investor Group owns a number of Preferred Shares equal to or greater than 50% of the Initial Preferred Share Amount, such determination shall be made by the Fortress Investor; thereafter, any such election shall be made by the Majority Holders.
The "Applicable Preferred Share Amount" shall be the number of Company Preferred Shares which, when added to the number of Company Preferred Shares owned by Purchaser and Sub immediately prior to the exercise of the Preferred Share Option, would result in Purchaser owning immediately after its exercise of the Preferred Share Option 90% of the then outstanding Company Preferred Shares.
The Company hereby grants to ------------------------------- Purchaser an irrevocable option (the "Preferred Share Option") to purchase for a price of $10.00 per share (the "Per Preferred Share Price") in cash a number of Company Preferred Shares (the "Optioned Preferred Shares") equal to the Applicable Preferred Share Amount.
For so long as the Fortress Investor Group owns a number of shares of Existing Series A Preferred Stock equal to or greater than 50% of the Initial Preferred Share Amount, such determination shall be made by the Fortress Investor; thereafter, any such election shall be made by the Majority Holders.
In the Offer, each Preferred Share accepted by Holdco in accordance with the terms of the Offer shall be exchanged for the right to receive the Per Preferred Share Amount.
Holdco expressly reserves the right to increase the Per Share Amount or the Per Preferred Share Amount and to waive any condition of the Offer, except the Minimum Condition.
The Cash Consideration and the Per Preferred Share Amount shall be paid net to the seller in cash, less any required withholding of taxes, upon the terms and subject to the conditions of the Offer.
Thereafter, any excess Representative Losses shall be allocated pro rata among the Preferred Holders based on their respective Consideration Fraction for Preferred Stock up to the aggregate of the Total Preferred Share Amount.
The "Applicable Fraction" is equal to the quotient obtained by dividing (A) the quotient obtained by dividing (x) the product of 1.5 multiplied by the Net Cash by (y) the Company Preferred Share Amount by (B) the Designated Parent Stock Price.