Preferred Liquidation Preference definition

Preferred Liquidation Preference has the meaning ascribed to it in Section 4(b) of this Article X.

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Preferred Liquidation Preference means, an amount equal to (a) the Investment Amount, plus (b) the Preferred Return.

Preferred Liquidation Preference means $1,000 per Preferred Unit.

Examples of Preferred Liquidation Preference in a sentence

• Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Preferred Liquidation Preference shall increase or from which Series A Preferred Distributions may begin accruing, to the extent such dates may differ.

• Each Series B Preferred Unit shall be identical in all respects to every other Series B Preferred Unit, except as to the respective dates from which the Series B Preferred Liquidation Preference shall increase or from which Series B Preferred Distributions may begin accruing, to the extent such dates may differ.

• In the event that a Series B Preferred Unit is issued for an amount in excess of the Series B Preferred Liquidation Preference for such Unit, the excess shall be considered income of the Partnership and shall be allocated to the Partners (other than Series A Preferred Unitholders, Series B Preferred Unitholders, and Series C Preferred Unitholders) in accordance with their respective Percentage Interests.

• The initial Capital Account attributable to a Series B Preferred Unit shall be the Series B Preferred Liquidation Preference for such Unit, irrespective of the amount paid by such holder for such Unit, and any amount paid for a Series B Preferred Unit in excess of the Series B Preferred Liquidation Preference for such Unit shall be considered income of the Partnership.

• The initial Capital Account attributable to a Series A Preferred Unit shall be the Series A Preferred Liquidation Preference for such Unit, irrespective of the amount paid by such holder for such Unit, and any amount paid for a Series A Preferred Unit in excess of the Series A Preferred Liquidation Preference for such Unit shall be considered income of the Partnership.

More Definitions of Preferred Liquidation Preference

Preferred Liquidation Preference means, as of any date of determination with respect to any Preferred Unit, an amount equal to $1,000 plus any amounts added to such Preferred Unit as a result of a “Partial Accrual Election” made in accordance with, and as defined in, Section 4.8(b)(ii) of the Holdings LLC Agreement.

Preferred Liquidation Preference shall have the meaning ascribed to such term in Section 3.3(b).

Preferred Liquidation Preference means an amount set forth on the Allocation Schedule and calculated in accordance with the Amended and Restated Certificate of Incorporation of the Company.

Preferred Liquidation Preference means, with respect to each Preferred Unit, the Capital Contribution in respect of such Preferred Unit (subject to appropriate adjustment by the Manager in the event of any distribution, split, combination or other similar recapitalization with respect to the Preferred Units).

Preferred Liquidation Preference. With respect to the Preferred interest, at the date of issuance, (a) $25,000,000 in the aggregate (the "INITIAL LIQUIDATION PREFERENCE") and, (b) at any date of determination thereafter (i) the Initial Liquidation Preference, minus (ii) all payments of the Yearly Preferred Liquidation Payment and any payments pursuant to Section 5.7.3 in respect of such Preferred Interest prior to such determination date.

Preferred Liquidation Preference means an amount equal to the total amount of all accrued but unpaid dividends in respect of the Preferred Shares as of the Effective Time.

Preferred Liquidation Preference means the amount to be paid upon -------------------------------- liquidation of the Series A Preferred Stock in accordance with the Company's Certificate of Incorporation.