Series A-1 Preference Amount definition

Series A-1 Preference Amount means, with respect to each share of Company Series A-1 Preferred Stock outstanding immediately prior to the Effective Time, the Liquidation Preference.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Series A-1 Preference Amount means $0.284 per share of Series A-1 Preferred Stock.

Series A-1 Preference Amount has the meaning set forth in Section 10.1(iv) hereof.

Examples of Series A-1 Preference Amount in a sentence

Subject to the occurrence of the Acceptance Date, on the Payment Date, Purchaser will purchase the Stockholder’s Shares that are Preferred Shares for a price per share in cash equal to the Series A-1 Preference Amount (as defined in the Certificate of Designations) calculated as of the day immediately preceding the Payment Date.
Subject to the occurrence of the Acceptance Date, on the Payment Date, the Purchaser will purchase the Stockholder’s Shares that are Preferred Shares for a price per share in cash equal to the Series A-1 Preference Amount (as defined in the Certificate of Designations) calculated as of the day immediately preceding the Payment Date.
For purposes hereof, “Preference Amount” means, with respect to any share of Company Preferred Stock, the Series A-1 Preference Amount, the Series A Preference Amount, the Series B Preference Amount, the Series C Preference Amount or the Series D Preference Amount, as applicable.

More Definitions of Series A-1 Preference Amount

Series A-1 Preference Amount means, with respect to each share of Series A-1 Preferred Stock outstanding immediately prior to the Effective Time, an amount equal to $2.00.

Series A-1 Preference Amount has the meaning set forth in Section 1.5(g)(xi).

Series A-1 Preference Amount means an amount equal to $0.9987, unless there are insufficient funds to make such payment in full, in which case, it shall mean an amount of the Merger Consideration remaining to be distributed to holders of Series A-1 Preferred Stock allocated among the holders of the Series A-1 Preferred Stock, pro rata, in proportion to the full respective preferential amounts to which each such share of Series A-1 Preferred Stock is entitled.

Series A-1 Preference Amount means an amount equal to one hundred percent (100%) of the Series A-1 Issue Price, plus all declared but unpaid dividends.

Series A-1 Preference Amount means an amount equal to the total number of shares of Series A-1 Preferred Stock and Series A-1 Prime Preferred Stock outstanding as of immediately prior to the Effective Time multiplied by $1.15.

Series A-1 Preference Amount has the meaning ascribed to such term in the Certificate of Incorporation of the Company.

Series A-1 Preference Amount means the sum of (i) One Dollar ($1.00) per share of Series A-1 Preferred Stock plus (ii) an amount equal to One Dollar ($1.00) times the dividend rate of eight percent (8%), compounded annually from the date of issuance of such share of Series A-1 Preferred Stock until the Closing Date, in accordance with the Charter Documents.