Examples of Series B Preference Amount in a sentence
If the assets and funds are insufficient to permit the full payment of the Series B+ Preference Amount on all Series B+ Preferred Shares, then the entire assets and funds of the Company legally available for distribution to the Series B+ Preferred Shares shall be distributed ratably among the holders of the Series B+ Preferred Shares in proportion to the aggregate Series B+ Preference Amount each such holder is otherwise entitled to receive pursuant to this Section 4.6(i)(e).
If the assets and funds thus distributed among the holders of the Series B Preferred Shares shall be insufficient to permit the payment to such holders of the full Series B Preference Amount, then the entire assets and funds of the Company legally available for distribution shall be distributed ratably among the holders of the Series B Preferred Shares in proportion to the aggregate Series B Preference Amount each such holder is otherwise entitled to receive pursuant to this subparagraph (1).
If upon the occurrence of a Liquidating Event, the assets of the Corporation available for distribution to its stockholders shall be insufficient to pay the holders of the Series B Preferred Stock the full Series B Preference Amount to which they shall be entitled, the holders of the Series B Preferred Stock shall share ratably in any distribution of assets (so that each holder receives the same percentage of the Series B Preference Amount per share).
After payment has been made to the holders of the Series B Preferred Stock of the full Series B Preference Amount to which they shall be entitled as aforesaid, any remaining assets shall be distributed ratably among the holders of the Corporation's Common Stock, Series A Preferred Stock, Series B Preferred Stock and other Junior Securities as if such shares of Series B Preferred Stock had been converted voluntarily into Common Stock immediately prior to such Liquidating Event.
The redemption price (the "Series B Redemption Price") for each share of Preferred Stock redeemed pursuant to this Section 8 shall be equal to the Series B Preference Amount calculated to and including the applicable Redemption Date.