Preferred Percentage definition

Preferred Percentage means, at any time of determination, the percentage equal to (i) the number of shares of Common Stock issuable upon the conversion of all of the Series A Preferred Shares outstanding at such time of determination (without regard to any restrictions on conversion (including the Conversion Standstill Period, the Conversion Cap and the Conversion Restriction)), plus the number of shares of Common Stock outstanding at such time of determination that were issued pursuant to the conversion of any Series A Preferred Shares, divided by (ii) the number of shares of Common Stock issued and outstanding at such time of determination, plus the number of shares of Common Stock issuable upon conversion of the Series A Preferred outstanding at such time (without regard to any restrictions on conversion (including the Conversion Standstill Period, the Conversion Cap and the Conversion Restriction)).

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Preferred Percentage means a fraction (expressed as a percentage), the numerator of which is the number of Converted Units and the denominator of which is the number of Total Units.

Preferred Percentage means, as of the applicable measurement date, a percentage equal to (i) the aggregate number of shares of Common Stock issuable upon the conversion of all of the then-outstanding shares of Convertible Preferred Stock divided by (ii) the sum of (a) the aggregate number of then-outstanding shares of Common Stock plus (b) the aggregate number of shares of Common Stock issuable upon the conversion of all of the then-outstanding shares of Convertible Preferred Stock.

Examples of Preferred Percentage in a sentence

If a Partner transfers any part or all of its Partnership Interest or if Common Percentage Interests or Preferred Percentage Interests vary during a taxable year of the Partnership, the General Partner, in its sole and absolute discretion, shall determine which method authorized under the Code (including Section 706 of the Code) and the Treasury Regulations shall be used to allocate the distributive shares.
If a Member transfers any part or all of its Membership Interest or if Common Percentage Interests or Preferred Percentage Interests vary during a taxable year of the Company, the Manager, in its sole and absolute discretion, shall determine which method authorized under the Code (including Section 706 of the Code) and the Treasury Regulations shall be used to allocate the distributive shares.
All distributions pursuant to this Section 2.1(b) shall be made to the Members in accordance with their Preferred Percentage Shares to the extent attributable to their Preferred Units, and all remaining distributions pursuant to this Section 2.1(b) shall be made to the Members in accordance with their Percentage Shares.
At the request of a Class B Limited Partner, the General Partner shall issue a certificate summarizing the terms of such Class B Limited Partner's interest in the Partnership, including the number of Preferred Partnership Units owned and the Preferred Percentage Interest represented by such Preferred Partnership Units as of the date of such certificate.
By: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, President and CEO Preferred Member’s Name Preferred Member’s Address Preferred Member’s Capital Contribution Obligation Preferred Units Preferred Percentage ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇ as trustees of the ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇ Revocable Trust dated December 27, 1988 as amended ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ $1,116,312 500 50% ▇▇▇▇▇ ▇▇▇▇▇▇, as trustee of the ▇▇▇▇▇ ▇.

More Definitions of Preferred Percentage

Preferred Percentage means, at any time of determination, the percentage equal to (i) the number of shares of Common Stock issuable upon the conversion of all of the Series A Preferred Shares outstanding at such time of determination (without regard to any restrictions on conversion), plus the number of shares of Common Stock outstanding at such time of determination that were issued pursuant to the conversion of any Series A Preferred Shares, divided by (ii) the number of shares of Common Stock issued and outstanding at such time of determination, plus the number of shares of Common Stock issuable upon conversion of the Series A Preferred outstanding at such time (without regard to any restrictions on conversion).

Preferred Percentage means with respect to each Convertible Preferred Member, an amount equal to the quotient obtained by dividing the number of Convertible Preferred Units owned of record by such Member and each Affiliate of such Member (other than the Company, but including any investment vehicle, trust or other Person directly or indirectly controlled by such Member) by the aggregate number of issued and outstanding Convertible Preferred Units at such time, expressed as a percentage.

Preferred Percentage means, at any time of determination, the quotient, expressed as a percentage, of (1) the number of issued and outstanding shares of Voting Stock on an as converted basis (without regard to any Conversion Cutback pursuant to Section 5(c)(1) or Section 5(d)(1) or any limitation on conversion pursuant to Section 6(d)) held by holders of

Preferred Percentage. 8.9623% (5) "As converted" Preferred Unit distribution $ 568,209 (6)

Preferred Percentage means, as to each Cabot Limited Partner, the percentage listed on Schedule A as its preferred percentage.

Preferred Percentage shall equal the Preferred Consideration (as such consideration may be increased in accordance with the terms of the Preferred Letter) divided by the Purchase Price.

Preferred Percentage means the result of dividing (i) the Number of Preferred Shares, by (ii) the Number of Company Shares.