Series C Liquidation Amount definition

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Series C Liquidation Amount means an amount in cash or property (valued at its Fair Market Value), or a combination thereof, equal to $8.25 per share of Series C 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 C Stock) plus all Series C Accrued Dividends.

Series C Liquidation Amount means the amount due to the Series C Holders upon a Liquidation of the Company pursuant to the Series C Certificate of Designations.

Examples of Series C Liquidation Amount in a sentence

Notwithstanding the foregoing, a holder of Series C Preferred will not be required to comply with Section 5.4(a) if the amount of cash proceeds or Liquid Securities per share of Series C Preferred received by such holder upon the Liquidity Event is less than the Series C Liquidation Amount (as such term is defined in the Restated Certificate).
The Chief Financial Officer of the Company shall have executed and delivered to Parent a certificate setting forth the Series A Liquidation Amount and Series C Liquidation Amount as of the Closing Date.
The payment of the Series Seed Liquidation Amount, the Series A Liquidation Amount, the Series B Liquidation Amount, the Series C Liquidation Amount, the Series D Liquidation Amount, the Series E-1 Liquidation Amount, Series E-2 Liquidation Amount and Series E-3 Liquidation Amount, shall be made on a pari passu basis.
If, upon the occurrence of such liquidation event, the assets and funds thus distributed among the holders of the Series C Preferred Stock shall be insufficient to permit the payment to such holders of the full Series C Liquidation Amount, then the entire assets and funds of the Corporation legally available for distribution shall be distributed ratably among the holders of the Series C Preferred Stock in proportion to the preferential amount each such holder is otherwise entitled to receive.
The "Series C Liquidation Amount" shall mean the per share amount that is due to the holders of the Series C Preferred Stock, in preference to the distribution of the residual assets of the Company in the event of a merger under the Company's Articles of Incorporation as they exist immediately prior to the Effective Time.

More Definitions of Series C Liquidation Amount

Series C Liquidation Amount means an amount equal to the greater of (i) the sum of the Series C Invested Amount, plus the Series C Pre-Closing Accrued Amount, plus the Series C Accruing Distribution accrued through the date of such Liquidation Event but unpaid thereon, whether or not declared or (ii) such amount per share as would have been payable had each such share been converted into Common Units pursuant to Section 2.10(a)(i) immediately prior to such Liquidation Event.

Series C Liquidation Amount means, with respect to each share of Series C Preferred Stock, an amount equal to $100 plus an amount equal to the accrued and unpaid dividends and distributions on such share of Series C 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 C Liquidation Amount means $1,000 per share of Series C Preferred Stock.

Series C Liquidation Amount means the value obtained by (i) multiplying the number of outstanding shares of Series C Preferred Stock at the Effective Time by $0.76, plus (ii) any and all accumulated and unpaid dividends since the date of issuance of the Series C Preferred Stock at a quarterly dividend rate of 1.8%, subject to proration for partial quarters on the basis of a 90-day quarter and accumulating and compounding quarterly on the last day of March, June, September and December of each year (together with (i), the ("SERIES C BASE LIQUIDATION AMOUNT"), plus (iii) its respective portion of the Surplus Amount (treating the Series C Preferred Stock as if it had been converted into Common Stock at the Effective Time, as set forth in the Charter).

Series C Liquidation Amount the product of (x) the number of issued and outstanding shares of Series C Preferred Stock at Closing and (y) $0.210619, plus any accrued or declared but unpaid dividends on such outstanding shares of Series C Preferred Stock.

Series C Liquidation Amount means the amount payable upon Liquidation to the holders of the Series C Stock, as provided in the Certificate of Designations on file with the Delaware Secretary of State with respect to the Series C Stock, and (viii) the "Series D Liquidation Amount" means $12.00 per share of Series D Stock plus all declared and unpaid dividends thereon (if any) through the effective date of Liquidation.

Series C Liquidation Amount means the Series C Liquidation Amount as of the Effective Time as defined and as calculated in accordance with the terms of the Company's Third Amended and Restated Certificate of Incorporation.