Class B Liquidation Preference definition

Class B Liquidation Preference shall have the meaning ascribed thereto in Section 2.8(b) hereof.
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Class B Liquidation Preference means the right of holders of Class B Preferred Units to receive, prior to any distribution to the Class A Unitholders or the Class C Unitholders, all distributions made upon dissolution and winding up of the Company.
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Class B Liquidation Preference shall have the meaning
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Examples of Class B Liquidation Preference in a sentence

  • Class B Liquidation Preference: Upon a Liquidation, prior to the Liquidation Preference Expiration Date, subject to the payment or provision for payment of the debts and other liabilities of New Topco, each outstanding Class B Share will be entitled to receive, out of the remaining assets of New Topco available for distribution to its stockholders, an amount equal to $10.61 per Class B Share (the “Class B Liquidation Preference Amount”) before any distribution will be made to the holders of Class A Shares.

  • Typically, a rig site will continue to produce crude oil for between ten and twenty years, but the site life is dependent upon geographical, environmental and technological factors.

  • The Company may also in the future issue, in one or more transactions, up to an additional 150,000 Company Class B Preferred Securities in consideration of receipt of Debt Securities in a principal amount equal to the aggregate Class B Liquidation Preference Amount of such additional Company Class B Preferred Securities.

  • If there are insufficient assets to pay all Class B Members their full Class B Liquidation Preference Amount, the assets shall be distributed pro rata among the Class B Members.

  • In the event a Class B Member withholds such consent and subject to the conversion rights specified in Section 2.5(d), BOX Holdings shall have the option to redeem such Class B Member’s Class B Membership Units at the Class B Liquidation Preference Amount.


More Definitions of Class B Liquidation Preference

Class B Liquidation Preference means an amount per share equal to US$9.00, plus all accrued and unpaid dividends, whether or not declared and which if not paid shall cumulate on an annual basis on each December 31.
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Class B Liquidation Preference means the per share Class B Preferred Dividend Obligation payable as of the applicable date of determination, if any, plus the Issue Price then in effect for the Class B Preferred Shares, plus any other declared but unpaid dividends payable on the Class B Preferred Shares pursuant to Section 3.10.3;
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Class B Liquidation Preference shall have the meaning set forth in paragraph (b) of Article 6.16.4
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Class B Liquidation Preference means, as of any date, an amount equal to (i) $130.0 million less (ii) the aggregate amount of any interest, including any interest added to the principal amount of the New Facility in lieu of being paid in cash, theretofore paid pursuant to the New Facility.
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Class B Liquidation Preference shall be equal to the Preferred Share Liquidation Value plus the Preferred Shares Dividends with respect to each Class B Preferred Share.
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Class B Liquidation Preference means, on a per share basis, the sum of (a) One Thousand Dollars ($1,000) plus (b) an accrued dividend of $142.0274 plus (c) the amount of all accrued but unpaid Class B Dividends (compounded annually), whether or not declared, through (x) the Distribution Date in the case of a Class B Dividend or (y) the Determination Date in the case of a Conversion, a Redemption or a Fundamental Corporate Transaction.
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Class B Liquidation Preference means, as of the Distribution Date, the Class B Available Dividend Amount divided by the number of shares of Class B Stock outstanding.
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