Special Mandatory Repurchase Amount Clause Samples

Special Mandatory Repurchase Amount. The amount (the “Special Mandatory Repurchase Amount”) to be paid to each Redeemable Preferred Member with respect to each Redeemable Preferred Share repurchased pursuant to this Section 5.4 shall be: (i) if such CCFC Limited Partnership Sale is after the three 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 Special 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; (ii) if such CCFC Limited Partnership Sale 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 Special 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 (iii) if such CCFC Limited Partnership Sale is after 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 Special Mandatory Repurchase Date; (2) the Redeemable Preferred Paid-up Value of such Redeemable Preferred Share; and (3) an amount equal to one percent (1%) of the Redeemable Preferred Paid-up Value of such Redeemable Preferred Share.