Liquidation Right definition

Liquidation Right means, for each share of 5% Preferred Stock, the greater of (i) an amount equal to $1,000.00 per share, plus an amount equal to all dividends (whether or not earned or declared) accrued and unpaid thereon to the date of final distribution to such holders, and (ii) the amount that would be received in liquidation following conversion of a share of 5% Preferred Stock into Common Stock.
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Liquidation Right means, for each share of 5% Preferred Stock, an amount equal to US$1,000 per share, plus an amount equal to all dividends (whether or not earned or declared) accrued and unpaid thereon to the date of final distribution to such holders.
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Liquidation Right means for each share of Convertible Preferred Stock the greater of (i) the Liquidation Price and (ii) the amount that would be received in liquidation following conversion of a share of Convertible Preferred Stock into Common Stock.
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Examples of Liquidation Right in a sentence

  • If the assets of the Corporation available for distribution after the liquidation preferences of the Senior Liquidation Stock are fully met are not sufficient to pay an amount equal to the Liquidation Right to the holders of outstanding shares of Convertible Preferred Stock, then the assets of the Corporation shall be distributed ratably among the Holders.

  • In the event of any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, before any payment or distribution of the assets of the Corporation (whether capital or surplus) shall be made to or set apart for the holders of Junior Securities, the holders of the shares of 5% Preferred Stock shall be entitled to receive the Liquidation Right.

  • From and after the Closing Date, the CAC Charter, the Growth Partners Operating Agreement and/or any other Governing Documents of either of CAC and Growth Partners will contain provisions sufficient to provide for the full exercise (together with the Voting Agreement) of each of the Call Right and the Liquidation Right for the full duration of each thereof, in each case as described in the Prospectus.

  • From and after the Closing Date, each of CAC and Growth Partners shall maintain in their respective Governing Documents provisions sufficient to provide for the full exercise (together with the Voting Agreement) of each of the Call Right and the Liquidation Right for the full duration of each thereof, in each case as described in the Prospectus.

  • If the assets of the Corporation available for distribution are not sufficient to pay an amount equal to the Liquidation Right to the holders of outstanding shares of Series A Preferred Stock (and any Capital Stock ranking pari passu with the Series A Preferred Stock), then the assets of the Corporation shall be distributed ratably among the Holders (and the holders of any Capital Stock ranking pari passu with the Series A Preferred Stock).


More Definitions of Liquidation Right

Liquidation Right means, for each share of 8.5% Preferred Stock, Series A, the greater of (i) an amount equal to $1,000 per share, plus an amount equal to all dividend (whether or not declared) accrued and unpaid thereon, determined in accordance with paragraph 4.4.5(a), to the date of final distribution to such holders and (ii) the amount that would be received in liquidation following conversion of a share of 8.5% Preferred Stock, Series A into Common Stock.
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Liquidation Right has the meaning set forth in Section 15.1(a) hereof.
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Liquidation Right has the meaning set forth in the recitals.
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Liquidation Right means for each share of Series C-1 Preferred Stock the greater of (i) the Liquidation Price and (ii) the amount that would be received in liquidation following conversion of a share of Series C-1 Preferred Stock into Common Stock.
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Liquidation Right means for each share of Series A Preferred Stock the Liquidation Amount or, if prior to the Conversion Determination Date and if greater, the amount that would be received in liquidation following conversion of a share of Series A Preferred Stock into Common Stock.
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Liquidation Right means, for each share of 10% Fixed Coupon Redeemable Preferred Stock, Series A, an amount equal to $50.00 per share, plus an amount equal to all dividends (whether or not declared) accrued and unpaid thereon to the date of final distribution to Holders.
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Liquidation Right means, for each share of 5% Preferred Stock, an amount equal to US$1,000 per share, plus an amount equal to all dividends (whether
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