Series B Preferred Preference definition

Series B Preferred Preference means the Series B Preferred Preference Per Share multiplied by the number of outstanding shares of Series B Preferred Stock as of immediately prior to the Effective Time.

Series B Preferred Preference means the amount equal to the Total Outstanding Series B Preferred Shares multiplied by the Series B Preferred Preference Per Share, after taking into account the proviso to Section 2.7(d)(i)(A), rounded to the nearest $0.01, with amounts of $0.005 and above rounded up.

Series B Preferred Preference means that amount equal to the Total Outstanding Series B Preferred Shares multiplied by the Series B Preferred Preference Per Share.

Examples of Series B Preferred Preference in a sentence

• Each Company Warrant outstanding and unexercised immediately prior to the Effective Time with a per share exercise price greater than or equal to the Per Share Amount, or the Series A Preferred Preference Per Share or the Series B Preferred Preference Per Share, as the case may be, shall automatically be cancelled as of the Effective Time without any consideration payable in respect thereof.

• Notwithstanding the foregoing, the Merger Consideration, even if fully earned, is sufficient only to discharge in part the Series B Preferred Preference and, accordingly, no distributions of Merger Consideration will be made to the holders of any other classes of Company Capital Stock other than the Series B Preferred Stock, and such other classes of Company Capital Stock will be cancelled at the Effective Time for no consideration as a result of the Merger.

More Definitions of Series B Preferred Preference

Series B Preferred Preference means that amount set forth in the Allocation Schedule.

Series B Preferred Preference means $1.5081 per share of Company Series B Preferred Stock.

Series B Preferred Preference means that amount obtained by multiplying (x) the aggregate number of shares of Company Series B Preferred Stock issued and outstanding immediately prior to the Effective Time, by (y) the Series B Preferred Preference Per Share, rounded to the nearest one hundredth (0.01) (with amounts 0.005 and above rounded up).