Liquidation Payment definition

Liquidation Payment has the meaning given to that term in the FRH Preferred and includes any payment made on account of the FRH Preferred Equity Interest as a result of a redemption made pursuant to Section 5 of the FRH Preferred.

Liquidation Payment means the product of (i) the Stated Value per share of Series A Preferred Stock multiplied by (ii) the total number of shares of Series A Preferred Stock issued under the Certificate as of the date of such Liquidation Event.

Liquidation Payment shall have the meaning specified in section 1.3. ----------- -------

Examples of Liquidation Payment in a sentence

• Payments of Distributions pursuant to Section 4.01 in respect of the Trust Common Securities, and payment of the Redemption Price of or Liquidation Payment on the Trust Common Securities, shall be made in such manner as shall be mutually agreed between the Property Trustee and the Holder of the Trust Common Securities.

• Such notice shall state a distribution or payment date, the amount of the Liquidation Payment and the place where the Liquidation Payment shall be distributable or payable.

• If the assets of the Corporation available for distribution to the holders of shares of Series A Preferred Stock shall be insufficient to permit payment in full to such holders of the aggregate Liquidation Payment, then all of the assets available for distribution to holders of shares of Series A Preferred Stock shall be distributed among and paid to such holders ratably in proportion to the amounts that would be payable to such holders if such assets were sufficient to permit payment in full.

• The Company shall make payment of the Deemed Liquidation Payment to any Electing Holder concurrently with the consummation of such Change of Control and in the event that the Company does not pay the Deemed Liquidation Payment on such date, an Electing Holder shall have the right to void its election.

• If the Company fails to pay the Deemed Liquidation Payment in full when due in accordance with this Section 5(d), the Company will pay interest thereon at a rate equal to the lesser of 25% per annum and the maximum rate permitted by applicable law, accruing daily from such date until the Deemed Liquidation Payment, plus all such interest thereon, is paid in full.

More Definitions of Liquidation Payment

Liquidation Payment means with respect to any Share as of any date, an aggregate amount equal to the Compounded Liquidation Value of such Share as of such date plus the Accrual Amount of such Share as of such date; provided that the "Compounded Liquidation Value" of a Share as of a given date shall be equal to the Liquidation Value as increased from time to time as described in the definition of Accrual Amount below; provided that the "Accrual Amount" of a Share as of a given date shall be the amount that shall have accrued on such Share as of such date, such accrual occurring from the date of issuance of such Share until such Share is no longer outstanding, on a daily basis at the rate of 15% per annum of the Compounded Liquidation Value of such Share, provided that on each March 31, June 30, September 30 and December 31, the Accrual Amount for each Share outstanding shall be added to the Compounded Liquidation Value of such Share and the Accrual Amount for such Share shall be reset to zero.

Liquidation Payment. As defined in Section 12.6.

Liquidation Payment means the amount paid in cash for each share of Series C Preferred Stock equal to the sum of: (i) the Stated Value of such share of Series C Preferred Stock and (ii) all accrued but unpaid dividends on such share of Series C Preferred Stock to the date fixed for liquidation.

Liquidation Payment shall have the meaning set forth in Section 8.03.

Liquidation Payment means any payment received by a Secured Party in respect of any Secured Obligation (a) after the commencement of any Insolvency or Liquidation Proceeding in respect of the Company, (b) in connection with any foreclosure (whether strict, non-judicial, judicial, voluntary or involuntary) on any Collateral, (c) after either any Loans or any Senior Notes shall have become due and payable in full (as the result of an acceleration or termination (but not as the result of a scheduled payment at maturity)), or (d) after the Trigger Time, provided that the term “Liquidation Payment” shall not include any Excepted Payment.

Liquidation Payment means, with respect to each share of Series A Preferred Shares, a payment equal to the Liquidation Preference.

Liquidation Payment has the meaning set forth in Section 10.1 hereof.