Preferred Stock Redemption Amount definition

Preferred Stock Redemption Amount means the amount necessary to fully repay the liquidation value and all accrued dividends on the Preferred Stock. Not more than three (3) Business Days prior to the Closing, the Company shall deliver to Purchaser a letter confirmed in writing by ACAS setting forth such amount and per diem interest on such amount.
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Preferred Stock Redemption Amount has the meaning set forth in the Merger Agreement.
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Preferred Stock Redemption Amount shall have the meaning set forth in Section 5.10.
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Examples of Preferred Stock Redemption Amount in a sentence

  • On the terms and subject to the conditions set forth in this Agreement, on the Closing Date and prior to the Partnership Merger Effective Time, Titanium OP and Titanium shall effect the Titanium OP Preferred Redemption for an amount equal to the Titanium Series J and Series K Preferred Stock Redemption Amount, which amount shall be paid by Titanium OP to Titanium on the Closing Date.

  • In consideration therefor, at the Closing, Purchaser shall cause the Company to pay to ACAS the Preferred Stock Redemption Amount against delivery of the certificates representing the shares of Preferred Stock being redeemed together with stock powers with respect to such Shares duly endorsed in blank.

  • Prior to the Closing, the Company and ACAS shall take all actions reasonably requested by Purchaser to cause the Company to redeem, effective at the Closing and subject to the payment of the Preferred Stock Redemption Amount, all shares of Preferred Stock outstanding as of the Closing.

  • The Buyer shall have ----------------------------- received evidence reasonably satisfactory to it that upon payment by the Buyer of the Preferred Stock Redemption Amount pursuant to the provisions of Section 1.7 that the Preferred Stock has been redeemed by the Company.

  • The total purchase price to be paid for the Stock -------------- to the Sellers (the "Purchase Price") shall be equal to (i) Eighty-Five Million Dollars ($85,000,000) minus (ii) the Indebtedness minus (iii) the Preferred Stock Redemption Amount minus (iv) the Option Cancellation Payment Amount plus (v) the Closing Adjustment (if any).


More Definitions of Preferred Stock Redemption Amount

Preferred Stock Redemption Amount means the amount necessary to redeem all of the shares of Preferred Stock and redeem, pay and/or cancel all other rights with respect to the Preferred Stock, including, but not limited to, all rights with respect to dividends.
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Preferred Stock Redemption Amount means, collectively, the (A) the Series A Preferred Stock Redemption Amount, if any, (B) the Series B Preferred Stock Redemption Amount, if any, and (C) the Series C Preferred Stock Redemption Amount, if any.
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Preferred Stock Redemption Amount means the aggregate amount necessary to redeem all the Preferred Stock in accordance with the Holding Certificate of Incorporation.
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Preferred Stock Redemption Amount has the meaning set forth in Section 3.1.
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Preferred Stock Redemption Amount means (a) the aggregate Series A Redemption Amounts of all shares of Series A Preferred Stock outstanding immediately prior to the Effective Time as of the Closing Date, plus (b) the aggregate Series B Redemption Amounts of all shares of Series B Preferred Stock outstanding immediately prior to the Effective Time as of the Closing Date, plus (c) the aggregate Series C Redemption Amounts of all shares of Series C Preferred Stock outstanding immediately prior to the Effective Time as of the Closing Date plus (d) the aggregate Series D Redemption Amounts of all shares of Series D Preferred Stock outstanding immediately prior to the Effective Time as of the Closing Date.
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Preferred Stock Redemption Amount means the aggregate redemption price for all outstanding shares of Preferred Stock, as set forth on Schedule 2.
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Preferred Stock Redemption Amount as defined in Section 1.2(b).
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