Preferred Redemption Amount definition

Preferred Redemption Amount means, with respect to any class or series of Preferred Units, the sum of (i) the amount of any accumulated Preferred Distribution Shortfall with respect to such class or series of Preferred Units, (ii) the Preferred Distribution Requirement with respect to such class or series of Preferred Units to the date of redemption and (iii) the Preferred Redemption Price indicated in the Preferred Unit Designation with respect to such class or series of Preferred Units.

Preferred Redemption Amount means the aggregate cash amount required to redeem in full and in cash all Preferred Stock (including all accrued but unpaid dividends, premiums and penalties, if any, thereon or related thereto) as of the Effective Time pursuant to the Certificate of Incorporation.

Preferred Redemption Amount means an amount equal to the sum of (i) the aggregate consideration paid by the Company to redeem the Preferred Stock pursuant to Section 5(c) of the Certificate of Designations for the Preferred Stock plus (ii) the aggregate amount of Preferred Stockholder Bonuses.

Examples of Preferred Redemption Amount in a sentence

• The Series A Preferred Redemption Amount shall be payable to the Tendering Series A Preferred Unit Holder on the Series A Preferred Redemption Date.

• On the Preferred Redemption Date, the Escrow Agent shall be required to apply the Escrowed Funds (and any interest earned thereon which has not been paid to Wyndham pursuant to the prior sentence) toward the cash portion of the Preferred Redemption Amount pursuant to subsection 3(a) and, if applicable, Section 40.

• The total cash amount that would be payable with respect to such redemption (but for Parent’s election to issue Stock in exchange for the Series A Units) would be equal to the product of the total number of Series A Units (989,980) multiplied by the Series A Preferred Redemption Amount ($117.1639629083), or $115,989,980.00.

• The Series A Preferred Redemption Amount payable with respect to each Series A Unit would be equal to the sum of the Series A Preferred Capital ($116.1639629083) plus the Value of a share of Stock ($5.00), or $121.1639629083.

• The undersigned holders of Series C Preferred Stock irrevocably agree that notwithstanding anything to the contrary set forth in the Series C Preferred Certificate of Desigations, the Series C Preferred Redemption Amount shall be calculated in accordance with the definition of such term in the Merger Agreement, and the only amounts payable to such holders in respect of their shares of Series C Preferred Stock as a result of the Merger shall be as set forth in Section 2.2 of the Merger Agreement.

More Definitions of Preferred Redemption Amount

Preferred Redemption Amount means the amount, including accrued and unpaid dividends (whether or not declared) or similar amounts, required to be paid to the holders of the Preferred Stock to redeem the Preferred Stock pursuant to the terms of the Preferred Stock at the Effective Time.

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

Preferred Redemption Amount means the aggregate amount required to redeem, on the Closing Date, all of the shares of Preferred Stock outstanding as of such date in accordance with Section 7.1 of the Certificate of Designation, Preferences and Rights, dated as of November 8, 2012, relating to the Preferred Stock, which amount shall be set forth in the notice delivered by the Company to Buyer pursuant to Section 1.2(d).

Preferred Redemption Amount for the preferred shares as hereinafter referred to shall mean with respect to the preferred shares, the sum of $1.00 per share;

Preferred Redemption Amount means the aggregate amount paid at the Closing to redeem all of the issued and outstanding shares of Holding's Class A Preferred Stock and Class B Preferred Stock in accordance with the terms of Holding's Restated Certificate of Incorporation.

Preferred Redemption Amount means $40,000,000 plus the accrued return thereon up to the Closing Date.

Preferred Redemption Amount means (x) the product of (i) Nine Hundred Ninety-Nine Dollars ($999) multiplied by (ii) the number of Fully Diluted Preferred Shares plus (y) the aggregate amount of the accrued and unpaid dividends to which all shares of Preferred Stock are entitled.