Mandatory Repurchase Amount Sample Clauses

Mandatory Repurchase Amount. The amount (the “Mandatory Repurchase Amount”) to be paid to each Redeemable Preferred Member with respect to each Redeemable Preferred Share repurchased pursuant to this Section 5.3 shall be: (i) if the transaction resulting in the existence of Mandatory Repurchase Capital is on or prior to the two year anniversary of the Effective Date, the sum of the following with respect to each Redeemable Preferred Share to be repurchased: (1) all Redeemable Preferred Dividends that have accrued but are unpaid with respect to such Redeemable Preferred Share, with such accruals to be calculated up to and including the Mandatory Repurchase Date; (2) the Redeemable Preferred Paid-up Value of such Redeemable Preferred Share; and (3) an amount equal to the Applicable Premium with respect to such Redeemable Preferred Share as of the Mandatory Repurchase Date; (ii) if the transaction resulting in the existence of Mandatory Repurchase Capital is after the two year anniversary, but on or prior to the fourth year anniversary of the Effective Date, the sum of the following with respect to each Redeemable Preferred Share to be repurchased: (1) all Redeemable Preferred Dividends that have accrued but are unpaid with respect to such Redeemable Preferred Share, with such accruals to be calculated up to and including the Mandatory Repurchase Date; (2) the Redeemable Preferred Paid-up Value of such Redeemable Preferred Share; and (3) an amount equal to five percent (5%) of the Redeemable Preferred Paid-up Value of such Redeemable Preferred Share; (iii) if the transaction resulting in the existence of Mandatory Repurchase Capital is after the fourth year anniversary, but on or prior to the fifth year anniversary of the Effective Date, the sum of the following with respect to each Redeemable Preferred Share to be repurchased: (1) all Redeemable Preferred Dividends that have accrued but are unpaid with respect to such Redeemable Preferred Share, with such accruals to be calculated up to and including the Mandatory Repurchase Date; (2) the Redeemable Preferred Paid-up Value of such Redeemable Preferred Share; and (3) an amount equal to three percent (3%) of the Redeemable Preferred Paid-up Value of such Redeemable Preferred Share; and (iv) if the transaction resulting in the existence of Mandatory Repurchase Capital is after the fifth year anniversary of the Effective Date, the sum of the following shall be paid with respect to each Redeemable Preferred Share to be repurchased: (1) all R...