Series C Preference Amount definition

Series C Preference Amount means $17.50 (as adjusted for Unit splits, combinations and other reclassifications of the Series C Preferred Units). For the avoidance of doubt, no adjustments shall be made to the Series C Preference Amount in connection with any distributions to the holders of Preferred Units pursuant to Section 5.3(a).

Series C Preference Amount means, collectively, the Series C-1 Preference Amount and the Series C-2 Preference Amount.

Series C Preference Amount has the meaning set forth in Section 10.1(i) hereof.

Examples of Series C Preference Amount in a sentence

• If the assets and funds are insufficient to permit the full payment of the Series C Preference Amount on all Series C Preferred Shares, then the entire assets and funds of the Company legally available for distribution to the Series C Preferred Shares shall be distributed ratably among the holders of the Series C Preferred Shares in proportion to the aggregate Series C Preference Amount each such holder is otherwise entitled to receive pursuant to this Section 4.6(i)(d).

• Upon any Liquidation and after the payment of the Series C Preference Amount, if the assets of the Corporation available for distribution to its stockholders shall be insufficient to pay to the holders of Series A Preferred Shares the full aggregate Series A Preference Amounts to which they are entitled, the holders of Series A Preferred Shares shall share pro rata in any distribution of assets in accordance with the Series A Preference Amounts they would otherwise have been entitled to receive.

• If after the full liquidation Series D Preference Amount on all issued and outstanding Series D Preferred Shares has been paid, the Company has insufficient assets to permit payment of the Series C Preference Amount in full to all holders of Series C Preferred Shares, then the assets of the Company shall be distributed ratably to the holders of the Series C Preferred Shares in proportion to the Series C Preference Amount each such holder of Series C Preferred Shares would otherwise be entitled to receive.

• If the amounts available for distribution by the Corporation to holders of Series C Preferred Stock upon a Liquidation Event are not sufficient to pay the aggregate Series C Preference Amount due to such holders, such holders of Series C Preferred Stock shall share ratably in any distribution in connection with such Liquidation Event in proportion to the full respective preferential amounts to which they are entitled.

• This Series C Preference shall remain in effect until such time as Brotman has paid Series C shareholders dividends or distributions totaling $12.66 per share (Series C Preference Amount).

More Definitions of Series C Preference Amount

Series C Preference Amount shall have the meaning set forth in Article 8.2(A)(2).

Series C Preference Amount has the definition provided therefor in the Existing Articles of Incorporation.

Series C Preference Amount means $0.2456 per share of Series C Preferred Stock.

Series C Preference Amount means the amount the holders of the ANI Series C Preferred Stock are entitled to receive in respect of the liquidation preference of the ANI Series C Preferred Stock described in Article VII, Section 1(b) of ANI’s Certificate of Incorporation and (z) the “Series B Preference Amount” means the amount the holders of the ANI Series B Preferred Stock are entitled to receive in respect of the liquidation preference of the ANI Series B Preferred Stock described in Article VII, Section 1(c) of ANI’s Certificate of Incorporation, the amount of which in each case will be as set forth in a certificate executed by the chief financial officer of ANI immediately prior to the Closing Date. In the event any shares of Company Common Stock are issued to holders of ANI Series C Preferred Stock, Series B Preferred Stock or Series A Preferred Stock in accordance with this clause (f) then it is acknowledged and agreed that all references to ANI Series D Preferred Stock in Sections 2.1(d), 2.2 and 2.3 shall be deemed to also include ANI Series C Preferred Stock and/or ANI Series B Preferred Stock and/or ANI Series A Preferred Stock, as applicable.

Series C Preference Amount means $1.16 (subject to adjustment as appropriate to reflect any stock split, reverse stock split, stock dividend, recapitalization or other similar transaction effected by the Company with respect to the Series C Preferred Stock prior to the Effective Time).

Series C Preference Amount means, as to each share of Series C Preferred Stock that is issued and outstanding, an amount equal to the sum of (i) the Series C Original Stated Amount and (ii) all accrued and unpaid dividends added to the Series C Original Stated Amount which shall accrue from the date of issuance thereof in accordance with Section 3 (as adjusted for any stock dividends, combinations, splits, recapitalizations and related transactions with respect to such shares).

Series C Preference Amount means an amount equal to the product of (a) the Series C Outstanding Number, and (b) the Series C Per Share Preference.