Preferred Preference Amount definition

Preferred Preference Amount means $5,384,243.
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Preferred Preference Amount means thirty-five cents ($0.35) multiplied by the number of outstanding shares of Company Preferred Stock.
Sample 1
Preferred Preference Amount means the Liquidation Preference (as defined in the Amended and Restated Certificate of Incorporation of the Company, dated March 30, 2004), as applicable for the Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock, as the case may be.
Sample 1

Examples of Preferred Preference Amount in a sentence

  • The price for each share of Redeemable Preferred (the “Redeemable Preferred Redemption Price”) shall be an amount equal to the Redeemable Preferred Preference Amount.

  • In the event that the Distributable Proceeds shall be insufficient for the distribution of the Preferred Preference Amount in full to all of the holders of Preferred Shares for all of the Preferred Shares, all of the Distributable Proceeds shall be distributed among the holders of Preferred Shares on a pro rata and pari passu basis.

  • The term “Equity Valuation” means: (i) the Enterprise Valuation (as defined below), less (ii) total indebtedness for borrowed money (excluding the capital lease obligations, if any), less (iii) the total aggregate Redeemable Preferred Preference Amount (to the extent not paid prior to the date of determination), plus (iv) cash and cash equivalents (net of related transaction expenses, including advisory fees), such amount to also include the exercise price of all outstanding warrants and stock options.

  • Upon receipt of any such tender, the Corporation shall, to the extent it may lawfully do so, redeem all shares of such Series A Preferred so tendered by paying cash therefor in an amount per share equal to the Preferred Preference Amount, on or before the 15th day after the end of the Corporation's first twenty-eight (28) day accounting period ending in January of such year, or if such 15th day is a banking holiday, on the next succeeding day on which banks in the state of California are open.

  • The holder or holders of a majority of the Series A Preferred then outstanding may demand (by written notice delivered to the Corporation) immediate redemption of all or a part of the Series A Preferred then outstanding at a price per share equal to the Preferred Preference Amount.

  • Series A Preferred Preference Amount for each calendar month shall mean one-twelfth (1/12th) of the product of (i) the lesser of (a) 10.25% or (b) 150 basis points plus the Prime Rate times (ii) the Aggregate Adjusted Net Capital Contributions of the Series A Preferred Shares calculated as of the Distribution record date falling within that period.

  • The term “ Equity Valuation” means: (i) the Enterprise Valuation (as defined below), less (ii) total indebtedness for borrowed money (excluding the capital lease obligations, if any), less (iii) the total aggregate Redeemable Preferred Preference Amount (to the extent not paid prior to the date of determination), plus (iv) cash and cash equivalents (net of related transaction expenses, including advisory fees), such amount to also include the exercise price of all outstanding warrants and stock options.

  • In the event the assets and funds of the Corporation to be distributed among the holders of Series A Preferred are insufficient to permit the payment to each such holder of its full Preferred Preference Amount, then the entire remaining assets and funds of the Corporation legally available for distribution to the Series A Preferred shall be distributed ratably among the holders of the Series A Preferred.

  • Beginning any time after November of 2002, the holders of shares of Series A Preferred may on or before January 1 of each calendar year, tender to the Corporation for redemption up to, but not greater than, that number of shares of Series A Preferred, the aggregate Preferred Preference Amount of which does not exceed the Corporation's excess cash flow realized from the immediately preceding fiscal year.

  • If the amounts available for distribution by the Corporation to holders of Seed Preferred Stock and Series A Preferred Stock upon a Liquidation Event are not sufficient to pay the aggregate Preferred Preference Amount due to such holders, such holders of Seed Preferred Stock and Series A Preferred Stock shall share ratably in any distribution in connection with such Liquidation Event in proportion to the full respective preferential amounts to which they are entitled.


More Definitions of Preferred Preference Amount

Preferred Preference Amount means the (i) the Series D Preferred Preference, (ii) the Series C Preferred Preference, (iii) the Series B-2 Preferred Preference, (iv) the Series B-1 Preferred Preference, (v) the Series A-1 Preferred Preference, and / or (vi) the Series A Preferred Preference.
Sample 1

Related to Preferred Preference Amount

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to the Stated Series B Liquidation Preference per unit, which liquidation preference shall be subject to (a) increase by the per Series B Preferred Unit amount of any accumulated and unpaid distributions (whether or not such distributions shall have been declared) and (b) decrease upon a distribution in connection with a Liquidation Event described in Section 16.4 which does not result in payment in full of the liquidation preference of such Series B Preferred Unit.

  • Series A Liquidation Preference means $25.00 per Series A Preferred Mirror Unit. The Series A Liquidation Preference shall be the “Liquidation Preference” with respect to the Series A Preferred Mirror Units.

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Preferred Unit means a fractional share of the Partnership Interests that the General Partner has authorized pursuant to Sections 4.01, 4.03 or 4.04 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the OP Units.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).