Series B Issue Date definition
Examples of Series B Issue Date in a sentence
T = a number, the numerator of which is the number of calendar days between the Deemed Series B Issue Date, Deemed Series B+ Issue Date, or Deemed Series C Issue Date (as applicable) and the date of receipt by the Series BC Redemption Party of the full amount of the Series BC Redemption Price and the denominator of which is 365.
Conversely, if the Corporation shall at any time or from time to time after the Original Series B Issue Date combine the outstanding shares of Common Stock into a smaller number of shares, the Series B Conversion Rate in effect immediately before the combination shall be proportionately decreased.
The Series B and D Preferred Dividends shall accrue and compound on an annual basis, commencing on the Series B Issue Date for the Series B Preferred Stock, and commencing on the Series D Issue Date for the Series D Preferred Stock, whether or not there are profits, surplus or other funds of the Corporation legally available for the payment of dividends.
The Issuer shall use the cash proceeds received by the Issuer as consideration for the issuance of the Series B Notes issued on the Series B Issue Date to repay, redeem, repurchase or otherwise acquire or retire for value all of the Remaining 2013 Senior Convertible Notes at or prior to their stated maturity date (as in effect on the Series B Issue Date).
If the Corporation shall at any time or from time to time after the date of the initial issuance of Series B Preferred (the "Original Series B Issue Date") effect a subdivision of the outstanding Common Stock, the Series B Conversion Rate in effect immediately before that subdivision shall be proportionately increased.