Remaining Preference Amount definition
Remaining Preference Amount means the amount, if any, by which the Aggregate Preference Amount exceeds the amount of Closing Equityholder Consideration paid at the Closing in respect of shares of Company Preferred Stock (without regard to any reduction in such amount on account of the Escrow Amount).
Remaining Preference Amount has the meaning set forth on the Target Payout Spreadsheet.
Remaining Preference Amount means at any point in time, the smallest dollar amount which, if distributed to Investor at that time, would cause the Company to reach Payout.
Examples of Remaining Preference Amount in a sentence
In the event that the value of the cash and Earn-Out Shares (valued at the Signing Price) payable or issuable pursuant to Section 2.02(f)(iv)(E) are less than the Remaining Preference Amount, the payments described in the foregoing proviso shall be made to the holders of Company Preferred Stock ratably in proportion to the applicable Preference Amounts of such series of Company Preferred Stock.
Any payments on account of the Remaining Preference Amount pursuant to this subsection 2.02(f)(iv)(E) shall reduce the amount of cash payable and Earn-Out Shares issuable to each Company Equityholder pursuant to subsection 2.02(f)(iv)(E) ratably in proportion to such Company Equityholder’s Equityholder Earn-Out Percentage.