Series B Preference definition

Series B Preference means $1.48.

Series B Preference means $0.80, plus an amount equal to all accrued but unpaid dividends on each share of Series B Preferred Stock.

Series B Preference means $2.00.

Examples of Series B Preference in a sentence

• Any shares of Series B Preference Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.

• Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series B Preference Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series B Preference Stock.

• Notwithstanding the foregoing, if Series B Preference Shares or depositary shares representing an interest in Series B Preference Shares are issued in book-entry form through DTC, such notices may be given to the holders of the Series B Preference Shares in any manner permitted by DTC.

• Series B Preference Units that are purchased or otherwise acquired by the Partnership shall be cancelled.

• The Series B Preference Units shall not have the benefit of any sinking fund.

More Definitions of Series B Preference

Series B Preference means the result of multiplying (i) the aggregate number of shares of Series B Preferred Stock outstanding immediately prior to the Effective Time by (ii) $0.80.

Series B Preference. Series B Preference" shall have the meaning ascribed to such term in Section 1.5(b)(i) of this Agreement.

Series B Preference with respect to all of the outstanding shares of Series B Preferred Stock, in the aggregate, shall mean that amount of the Shareholder Consideration equal to "A" in the following formula: A = (1-P)*(Shareholder Consideration), where P equals (9.732853 * 10(8) * Shareholder Consideration) minus 0.31470577; provided, however, in no event shall P be less than .2726550 or more than .4016254.

Series B Preference means an amount of cash payable with respect to each share of Company Series B Preferred Stock in accordance with Section 4 of the Company’s Certificate of Designations, Preferences and Rights of Series B Preferred Stock.

Series B Preference means, at any time of determination, an amount equal to (a) $[●], less (b) the aggregate amount of any prior distributions pursuant to Section 8.1(a)(i) in respect of the Series B Units (but not below zero).

Series B Preference means $7.74 per share of Series B Preferred Stock, multiplied by the number of shares of Series B Preferred Stock outstanding immediately prior to the Effective Time.

Series B Preference means, with respect to each share of Series B Preferred Stock, that number of shares of Parent Common Stock equal to $1.4062 divided by the average of the closing prices of Parent Common Stock on the NYSEA for the 20 trading day period ending 3 trading days prior to the Closing (or such other market if Parent Common Stock does not trade on the NYSEA, and if the Parent Common Stock does not trade on any active public market, then the value thereof, as determined by the board of directors of the Company).