Accrued Value

Accrued Value. Equals, with respect to one share of Series B-1 Preferred Stock on any date, $1,000 (or, in the case of any share issued upon conversion of any Series B-2 Preferred Stock, the amount determined in accordance with 4(a) of the Certificate of Designation for the Series B-2 Preferred Stock) plus the amount of all dividends added to the Accrued Value in accordance with paragraph 2(a) or subtracted from the Accrued Value in accordance with paragraph 4(a)(ii) (which aggregate amount shall be subject... to adjustment whenever there shall occur a stock split, combination, re-classification or other similar event involving the Series B-1 Preferred Stock). View More

Accrued Value. Means, with respect to a Preferred Share, as at any date, the sum of (as adjusted for any split, subdivision, combination, consolidation, recapitalization or similar event with respect to the Series) (a) the Stated Value plus (b) an amount equal to the aggregate of all accrued but unpaid dividends (whether or not declared) on such share through and including such date which have been added to the Accrued Value pursuant to Section 3(a)