Series A Liquidation Amount definition

Series A Liquidation Amount means the greater of (a) the aggregate Series A Liquidation Preference plus the aggregate Series A Redemption Premium or (b) an amount per Series A Preferred Unit equal to the amount which would have been payable to a Series A Preferred Unit holder had each Series A Preferred Unit been converted into OP Units immediately prior to such Liquidation.

Series A Liquidation Amount means $100,000 per share of Series A Preferred Stock.

Series A Liquidation Amount means an amount in cash or property (valued at its Fair Market Value), or a combination thereof, equal to $4.00 per share of Series A Preferred Stock held by a Holder (which per-share amount shall be subject to equitable adjustment whenever there shall occur a stock split, combination, reclassification or other similar event involving the Series A Preferred Stock or the Common Stock) plus all Series A Accrued Dividends.

Examples of Series A Liquidation Amount in a sentence

• Except as otherwise provided in this Agreement, this Agreement will terminate in respect of all the Parties at the earliest to occur of: (a) each Party agrees in writing to terminate this Agreement; and (b) upon the closing of a Deemed Liquidation Event and completion of the payment of the Series A Liquidation Amount (as defined in the Memorandum and Articles) and the remaining assets distribution as provided in the Memorandum and Articles.

• Holders of Series A Preferred Stock shall be entitled to receive, when, as and if declared by the Board of Directors, out of assets legally available therefor, non-cumulative cash dividends at a rate equal to 6.20% of the Series A Liquidation Amount per annum, payable in arrears, on each Dividend Payment Date with respect to the Dividend Period (or portion thereof) ending on the day preceding such respective Dividend Payment Date.

• Upon a Liquidation Event, the Series A Holders shall be entitled, before any assets of the Corporation shall be distributed among or paid over to the holders of Junior Securities, but after distribution of such assets among, or payment thereof over to, creditors of the Corporation, to receive from the assets of the Corporation available for distribution to stockholders in cash, the Series A Liquidation Amount.

• If the assets of the Corporation legally available for distribution shall be insufficient to permit the payment in full of the Series A Liquidation Amount to the Series A Holders, then the entire assets of the Corporation legally available for distribution shall be distributed ratably among the Series A Holders in proportion to the respective amounts which would have been payable upon such Liquidation Event on such shares of Series A Stock if all amounts payable thereon had been paid in full.

• If the assets of the Corporation legally available for distribution shall be insufficient to permit the payment in full of the Series A Liquidation Amount to the Series A Holders, then the entire assets of the Corporation legally available for distribution shall be distributed ratably among the Series A Holders in proportion to the respective amounts which would have been payable upon such Liquidation Event on such shares of Series A Preferred Stock if all amounts payable thereon had been paid in full.

More Definitions of Series A Liquidation Amount

Series A Liquidation Amount means an amount in cash or property (valued at its Fair Market Value), or a combination thereof, equal to $4.00 per share of Series A Stock held by a Holder (which per share amount shall be subject to equitable adjustment whenever there shall

Series A Liquidation Amount means the Liquidation Preference per share.

Series A Liquidation Amount has the meaning set forth in the Restated Charter.

Series A Liquidation Amount means, with respect to each share of Series A Preferred Stock, an amount equal to $100 plus an amount equal to the accrued and unpaid dividends and distributions on such share of Series A Preferred Stock, whether or not declared, to the date of payment, including for any partial monthly period, calculated in accordance with the Company Certificate.

Series A Liquidation Amount has the meaning set forth in Section A.3.a of Article Fifth.

Series A Liquidation Amount has the meaning given to it in Article 20(a)(i).

Series A Liquidation Amount means the Liquidation Preference per share as defined in this paragraph (b) of this Section 1.