DEEMED ARREARAGE VALUE

DEEMED ARREARAGE VALUE. Of a share of Preferred Stock means (a) an amount in cash equal to either (i) the cash dividend or (ii) $100 multiplied by the number of whole or fractional Dividend Shares, as applicable, accrued at the Dividend Rate on such share during the partial Dividend Period ending on the date of conversion, the date fixed for redemption or the date of payment upon liquidation, as the case may be, and (b) if one or more dividends has accrued and has not been paid on such share, an amount in cash equal... to $100 multiplied by the number of whole and fractional Dividend Shares that would have been issued as dividends on such share and on such Dividend Shares prior to the Trigger Date, together with the aggregate amount of cash dividends actually accrued and cash dividends that would have accrued after the Trigger Date on such Dividend Shares -1- 2 to the date of conversion, the date fixed for redemption or the date of payment upon liquidation, as the case may be. View More