Series B Liquidation Value definition

Series B Liquidation Value means the sum of the Series B Liquidation Preference and declared and unpaid distributions, if any, to, but excluding, the date of the Dissolution Event on the Series B Preferred Units.

Series B Liquidation Value means the sum of the Series B Liquidation Preference and declared and unpaid dividends, if any, to, but excluding, the date of the Dissolution Event on the Series B Preferred Stock.

Series B Liquidation Value means, with respect to each Series B Preferred Unit Outstanding as of the date of such determination, an amount equal to the sum of (i) the Series B Issue Price, plus (ii) all Series B Unpaid Cash Distributions and any accrued and unpaid Series B PIK Preferred Units, plus (iii) all accrued but unpaid distributions on such Series B Preferred Unit (including distributions payable in Series B PIK Preferred Units) with respect to the Quarter in which the liquidation occurs.

Examples of Series B Liquidation Value in a sentence

• The liquidation preference of the Series B Preferred Stock shall be $1,000 per share (the "Series B Liquidation Value").

• The liquidation preference of the Series B Preferred Stock shall be $100,000 per share ("Series B Liquidation Value").

• The holders of shares of the Series B Preferred Stock in preference to the Series B Junior Securities shall be entitled to receive, out of funds legally available for that purpose, and when, as, and if declared by the Board of Directors of the Bank, preferential non-cumulative dividends payable in cash in an amount determined by applying the annual rate of LIBOR plus 200 basis points to the Series B Liquidation Value (the "Series B Dividend Rate").

• The Company shall redeem such Series B Preferred Shares in an amount equal to the applicable portion of the Series B Liquidation Value calculated as of the closing date for such redemption (the “Series B Closing Date”), which date shall be specified by the Company, but shall in no event be more than 90 days following the date of the delivery of the Election Notice.

• At any time after one year from the Issuance Date and subject to a ten-day advance notice (via email or overnight courier) to the Holders, the Corporation will have the right, at the Corporation’s option, to redeem all or any portion of the shares of Series B Preferred Stock at a price per share equal to 100% of the Series B Liquidation Value of the shares being redeemed.

More Definitions of Series B Liquidation Value

Series B Liquidation Value has the meaning set forth in Section 6.03(a) hereof.

Series B Liquidation Value means $3.00 per share, subject to equitable adjustments to reflect stock splits, stock dividends, stock combinations, recapitalizations and like occurrences.

Series B Liquidation Value means the “Liquidation Value”, as such term is defined in the Series B Certificate of Designations.

Series B Liquidation Value has the meaning set forth in Section 4(b) of the Statement of Designations.

Series B Liquidation Value has the meaning set forth in Section 5.02(a) hereof.

Series B Liquidation Value means Nine Dollars ($9.00), provided if the Corporation at any time subdivides (by any stock split, stock dividend, recapitalization or otherwise) the Series B Preferred into a greater number of shares or if the Corporation at any time combines (by reverse stock split or otherwise) the outstanding shares of the Series B Preferred into a smaller number of shares, then the Series B Liquidation Value in effect immediately prior to such subdivision or combination shall be proportionately adjusted.

Series B Liquidation Value means, with respect to each Series B Preferred Unit Outstanding as of the date of such determination, an amount equal to the sum of