Series B Preferred Stock Amount definition

Series B Preferred Stock Amount means the product of (i) the number of shares of Series B Preferred Stock outstanding at the Closing Date multiplied by (ii) the Series B Preferred Stock Price.

Series B Preferred Stock Amount means an amount equal to (A) all shares of Series B Preferred Stock outstanding immediately prior to the consummation of the Redemption, plus (B) the aggregate Convertible Balance under the Notes divided by $84.40.

Series B Preferred Stock Amount means an amount of cash equal to $10.00 per share of Company Series B Preferred Stock.

Examples of Series B Preferred Stock Amount in a sentence

• The Series A Preferred Stock Amount shall equal the product of (x) the Preferred Stock Consideration MINUS the Series B Preferred Stock Amount multiplied by (y) a fraction, the numerator of which is the Series A Portion MINUS the Series A Cash Amount and the denominator of which is which is the Merger Consideration MINUS the Series B Portion MINUS the Series A Cash Amount.

• The aggregate purchase price for the Repurchased Shares shall be $2,894,238.51 (the “Series B Preferred Stock Purchase Price”), which is calculated based on the following formula: the Series B Preferred Stock Amount, divided by $4.86 (the price at which the Series B Preferred Stock is convertible to Common Stock in the Statement of Resolution Establishing Series of the Series B Preferred Stock), times $0.52 (the closing price for the Common Stock on June 16, 2020).

• The Common Preferred Stock Amount equals the product of (x) the Preferred Stock Consideration MINUS the Series B Preferred Stock Amount MINUS the Series A Preferred Stock Amount multiplied by (y) a fraction, the numerator of which is the number of shares of Common Stock outstanding and the denominator of which is the difference between Company Fully Diluted Shares and the number of shares of Common Stock issuable upon the conversion of the Preferred Shares outstanding as of the Effective Time.

More Definitions of Series B Preferred Stock Amount

Series B Preferred Stock Amount means the aggregate value of the cash and Buyer Common Stock (assuming a price per share equal to the Buyer 30-Day VWAP) payable to holders of Series B Preferred Stock in accordance with the organizational documents of the Company in connection with the transactions contemplated by this Agreement in exchange for their Series B Preferred Stock, which amount will be paid in accordance with Section 2.5(a)(viii) and as set forth in the Final Allocation Schedule.

Series B Preferred Stock Amount means a number of shares of Parent Common Stock, if any, remaining after payment of the Stevxxxxx Xxxpensation Shares, Senior Employee Preferred Stock Amount and Series A Preferred Stock Amount, in an amount equal to the quotient of (i) the amount to be distributed to the holders of Series B Preferred Stock calculated under the Senior Preferred Stock Amount and designated as the Series B Liquidation Amount and assuming the exercise in full of all warrants to purchase the Company's Series B Preferred Stock which remain outstanding as of the Effective Date and (ii) the Effective Date Value.