Examples of Series B Liquidation Amount in a sentence
Dividends on the Series B Preferred Stock are payable at the annual rate of eight percent (8%) of the average daily Outstanding Series B Liquidation Amount.
From and after the Liquidation Redemption Date, unless there shall be a default in payment of the Series B Liquidation Amount, all rights of each holder with respect to shares of Series B Preferred Stock redeemed on the Liquidation Redemption Date shall cease (except the right to receive the Series B Liquidation Amount without interest upon surrender of the certificate or certificates there for), and such shares shall not be deemed to be outstanding for any purpose whatsoever.
After the Series A Liquidation Amount, the Series C Liquidation Amount, the Series B Liquidation Amount, the Series D Liquidation Amount, the Series E Liquidation Amount and the Series F Liquidation Amount have been paid in full, the holders of shares of Common Stock shall be entitled to receive the Common Liquidation Amount.
Upon the payment of the Series B Liquidation Amount in full, the holders of Series B Preferred Stock shall not be entitled to any further payment under this Section 2.1.
The Corporation shall redeem the shares of Series B Preferred Stock by paying in cash an amount per share equal to the Series B Liquidation Amount (the “Redemption Price”).