Sum of a. Liquidation Value of the outstanding shares of preferred stock The product of the number of Preferred Shares outstanding on the Valuation Date multiplied by the liquidation price of $25,000 (plus the product of the number of shares of any other series of preferred shares outstanding on such date multiplied by the liquidation preference of such shares) plus any redemption premium applicable to Preferred Shares (or other preferred shares) then subject to redemption Number of preferred shares outstanding * liquidation price of preferred shares Federated to inform SSFA of any instance of a redemption premium.
Sum of a.LIQUIDATION VALUE OF THE OUTSTANDING SHARES OF PREFERRED STOCK Number of The product of the number of Preferred Shares outstanding on the Valuation Date multiplied by the liquidation preferred price of $25,000 (plus the product of the number of shares of any other series of preferred shares outstanding shares on such date multiplied by the liquidation preference of such shares) plus any redemption premium applicable outstanding * to Preferred Shares (or other preferred shares) then subject to redemption liquidation price of preferred shares FEDERATED TO INFORM SSFA OF ANY INSTANCE OF A REDEMPTION PREMIUM. b. CURRENT PERIOD DIVIDEND EXPOSURE For each series The aggregate amount of dividends that will have accumulated at the respective Applicable Rates (whether or not of preferred earned or declared) to (but not including) the first respective Dividend Payment Dates for Preferred Shares shares: outstanding that follows such Valuation Date (plus the aggregate amount of dividends, whether or not earned Number of or declared, that will have accumulated in respect of other outstanding preferred shares to, but not preferred including, the first respective dividend payment dates for such other shares that follow such Valuation Date) shares outstanding * $25,000 * Auction rate * (# of days in dividend period / 365 [if dividend period = 7 days or 360 [for all other dividend periods]) c.PROJECTED DIVIDEND AMOUNT For each series The aggregate amount of dividends that would accumulate on shares of each series of Preferred Shares of preferred shares: # of preferred shares outstanding * $25,000 * Maximum Rate* Volatility Factor * # of days from first Dividend Payment Date following Valuation Date through the 49th day after Valuation Date 365 [if dividend period = 7 days] or 360 [for all other dividend periods] outstanding from such first respective Dividend Payment Date therefore through the 49th day after such Maximum rate= Valuation Date, RATE MULTIPLE (1.10 if prevailing rating is Aa3 or higher for Moody's, and AA- or higher for Fitch) MULTIPLIED BY (A) THE "AA" FINANCIAL COMPOSITE COMMERCIAL PAPER RATE (in the case of Minimum Rate Periods and Special Rate Periods of fewer than 183 Rate Period Days) OR (B) THE TREASURY BILL RATE in the case of Special Rate Periods of more than 182 Rate Period Days but fewer than 365 Rate Period Days. at the Maximum Rate (calculated as if such Valuation Date were the Auction Date for the Rate Period commencing FEDERATED TO on such Di...
