Preferred Liquidation Amount definition

Preferred Liquidation Amount shall have the meaning as set forth in the Company’s Certificate of Incorporation.

Preferred Liquidation Amount means an amount equal to the sum of (A) the number of shares of Series A Preferred Stock outstanding at the Effective Time multiplied by $1.00 plus (B) the number of shares of Series B Preferred Stock outstanding at the Effective Time multiplied by $1.04 plus (C) the number of shares of Series C Preferred Stock outstanding at the Effective Time multiplied by $2.74 plus (D) the number of shares of Series D Preferred Stock referred to herein as Series D-1 Shares outstanding at the Effective Time multiplied by the Series D-1 Hurdle Return plus (E) the number of shares of Series D Preferred Stock referred to herein as Series D-2 Shares outstanding at the Effective Time multiplied by the Series D-2 Hurdle Return.

Preferred Liquidation Amount means the Series A Liquidation Amount, the Series B Liquidation Amount, the Series C Liquidation Amount, the Series F Liquidation Preference and the Series G Aggregate Preferred Priority Payment collectively.

Examples of Preferred Liquidation Amount in a sentence

• The aggregate amount which a holder of a share of Series A Preferred is entitled to receive for each share of Series A Preferred under Subsections 3(b) and 3(c) is hereinafter referred to as the “Series A Preferred Liquidation Amount” and together with the Series B Preferred Liquidation Amount, the “Preferred Liquidation Amount”.

• The Participation Distributions shall continue with respect to the Series A Preferred Stock and Series A-1 Preferred Stock only until such time as the holders of each such series have received for each share of Preferred Stock held, an aggregate amount per share of such series of Preferred Stock (pursuant to the Participation Distributions together with the Preferred Liquidation Amount) that equals three times the Original Issue Price of such series of Preferred Stock.

• After the payment to the holders of shares of Series A Preferred Stock of the full Series A Preferred Liquidation Amount specified above, no further payments shall be made to the holders of shares of Series A Preferred Stock by reason thereof, and any remaining assets of the Corporation shall be distributed with equal priority and pro rata among the holders of the shares of Common Stock or any other class or series of stock ranking as to liquidation junior to the shares of Series A Preferred Stock.

• Such Mandatory Dividend shall be distributed to the holders of the Preferred Stock on a pari passu and an as-converted to Common Stock basis until the aggregate amount of all Mandatory Dividends paid to the holders of the Preferred Stock equals the full Preferred Liquidation Amount payable on the Preferred Stock held by such holders.

• The combined aggregate Series A-4 Per Share Liquidation Amount and Junior Preferred Liquidation Amount payable pursuant to Section 2(a)(iv) and Section 2(a)(v) shall not exceed forty eight million dollars ($48,000,000) (the “Liquidation Cap”).

More Definitions of Preferred Liquidation Amount

Preferred Liquidation Amount has the meaning set forth in Section 4.2(b).

Preferred Liquidation Amount means an amount equal to one hundred percent (100%) of the applicable Original Purchase Price.

Preferred Liquidation Amount means the product obtained by multiplying the Preferred Liquidation Amount Per Share by the number of shares of Company Preferred Stock outstanding immediately prior to the Effective Time, expressed as a decimal carried out to two places.

Preferred Liquidation Amount per share of Series A Preferred Stock shall be an amount equal to $2,170.00 plus all Accrued Dividends thereon to the date of determination.

Preferred Liquidation Amount means at any date: (i) $0.10016827 per share of Series A Preferred, (ii) $2.50 per share of Series B Preferred, (iii) $5.00 per share of Series C Preferred, (iv) $5.00 per share of Series D Preferred, and (v) $5.00 per share of Series E Preferred; plus, (w) in the case of the Series D Preferred, at any date of determination, an amount equal to 15% per annum of the Preferred Liquidation Amount (as in effect from time to time) accruing on a daily basis, but calculated with the effect of compounding on a quarterly basis as of each Quarterly Payment Date, for the period from March 10, 1999 through and including the date of determination, (x) in the case of the Series E Preferred, at any date of determination, an amount equal to 7.5% per annum of the Preferred Liquidation Amount (as in effect from time to time) accruing on a daily basis, but calculated with the effect of compounding on a quarterly basis as of each Quarterly Payment Date, for the period from August 4, 1999 through and including the date of determination, (y) in the case of all shares of Preferred (including the Series D Preferred), an amount equal to all declared and unpaid dividends on such share and (z) in the case of the Series C Preferred, at any date of determination, an amount equal to all PIK Dividends pursuant to and in accordance with Section 2(b) or any prorated PIK Dividend to the extent such determination date is on a date other than a Quarterly Payment Date. The Preferred Liquidation Amount of each series of Preferred shall be appropriately adjusted in each case for stock splits, reverse stock splits, stock dividends, stock combinations, and other events with similar effect (any such event, a "Recapitalization") that are declared or effected with respect to such shares from March 10, 1999 through and including the date of determination.

Preferred Liquidation Amount has the meaning set out in Clause 17.1.

Preferred Liquidation Amount means all amounts payable to the holders of the Company’s Series A Preferred Stock as a result of the Closing pursuant to the Section 6 of the Company’s Certificate of the Powers, Designations, Preferences and Rights governing the Series A Preferred Stock.