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)).

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, 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 shares of Series A Preferred Stock at such time divided by (2) the total 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)), at such time.

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.

• The chief financial officer shall keep or cause to be kept at the principal executive office of the Company a record of Members showing (i) the names of the Members and their addresses, (ii) their respective initial and all their respective subsequent Capital Contributions, (and ) their respective Unpaid Preferred Yield, Unrecovered Preferred Contributions, Percentage Interests and Preferred Percentage Interests, as they may vary from time to time.

• Each Mandatory Redemption Payment shall be apportioned among the Members pro rata according to their respective Preferred Percentage Interests.

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, 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.

Preferred Percentage means the quotient obtained by dividing the (i) the number of shares of Series A Preferred Stock issued and outstanding on the Closing Date (the “Preferred Share Amount”) by (ii) the number of shares of Common Stock issued and outstanding after giving effect to the deemed exercise of all outstanding Company Options on or prior to the Closing Date and the deemed conversion of all shares of the Series A Preferred Stock outstanding on the Closing Date (the “Total Share Amount”).

Preferred Percentage shall have the meaning set forth in Section 1.7(a)(i).

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

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

Preferred Percentage means, with respect to each share of Preferred Stock, the percentage obtained by dividing (x) (i) Nine Hundred Ninety-Nine Dollars ($999) plus (ii) all accrued and unpaid dividends to which such share of Preferred Stock is entitled, by (y) the Preferred Redemption Amount.