Common use of Liquidation Amount Clause in Contracts

Liquidation Amount. Notwithstanding Section 3.05 of the Indenture, in the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common Shares, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to $45,000,000 plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.

Appears in 3 contracts

Samples: Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD)

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Liquidation Amount. Notwithstanding Section 3.05 of the Indenture, in In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A B Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common Shares, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to six million ($45,000,000 6,000,000) plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.

Appears in 3 contracts

Samples: Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD)

Liquidation Amount. Notwithstanding Section 3.05 of the Indenture, in In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A C Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common Shares, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to one million eight hundred seventy-five thousand Dollars ($45,000,000 1,875,000) plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.

Appears in 2 contracts

Samples: Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD)

Liquidation Amount. Notwithstanding Section 3.05 of the Indenture3.05, in the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common Shares, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to forty-five million Dollars ($45,000,000 45,000,000) plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.. ARTICLE FOUR PROVISIONS FOR THE SERIES B NOTES

Appears in 2 contracts

Samples: Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD)

Liquidation Amount. Notwithstanding Section 3.05 of the Indenture, in In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A B Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common Shares, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to six million Dollars ($45,000,000 6,000,000) plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.

Appears in 2 contracts

Samples: Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD)

Liquidation Amount. Notwithstanding Section 3.05 of the Indenture, in In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A C Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common SharesShare, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to one million eight hundred seventy-five thousand Dollars ($45,000,000 1,875,000) plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.

Appears in 2 contracts

Samples: Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD)

Liquidation Amount. Notwithstanding Section 3.05 of the Indenture3.05, in the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common Shares, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to forty-five million dollars ($45,000,000 45,000,000) plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.. 18 ARTICLE FOUR PROVISIONS FOR THE SERIES B NOTES

Appears in 1 contract

Samples: Indenture (Flag Telecom Holdings LTD)

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Liquidation Amount. Notwithstanding Section 3.05 of the Indenture, in In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A B Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common Shares, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to six million ($45,000,000 6,000,000) plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.

Appears in 1 contract

Samples: Indenture (Flag Telecom Holdings LTD)

Liquidation Amount. Notwithstanding Section 3.05 of the Indenture, in In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A C Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common SharesShare, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to one million eight hundred seventy-five thousand dollars ($45,000,000 1,875,000) plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.. ARTICLE SIX ISSUE OF SECURITIES

Appears in 1 contract

Samples: Indenture (Flag Telecom Holdings LTD)

Liquidation Amount. Notwithstanding Section 3.05 of the Indenture, in In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary, the holders of Series A C Notes shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Company to the holders of Common Shares, preferred stock, indebtedness issued upon the conversion of any preferred stock or Subordinated Debt of the Company by reason of their ownership thereof, an amount per share equal to one million eight hundred seventy-five thousand dollars ($45,000,000 1,875,000) plus all accrued and unpaid interest thereon to the date of liquidation, less any principal amount prepaid by the Company.

Appears in 1 contract

Samples: Indenture (Flag Telecom Holdings LTD)

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