Series C Liquidation Preference definition

Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

Series C Liquidation Preference means a liquidation preference for each Series C Preferred Share initially equal to US$25.00 per share, which liquidation preference shall be subject to (a) increase by the per share amount of any accumulated and unpaid dividends (whether or not such dividends shall have been declared) and (d) decrease upon a distribution in connection with a Liquidation Event described in Section 4 of this Statement of Designation which does not result in payment in full of the liquidation preference of such Series C Preferred Share.

Series C Liquidation Preference means $1.612.

Examples of Series C Liquidation Preference in a sentence

• Each Series C Preferred Unit shall be identical in all respects to every other Series C Preferred Unit, except as to the respective dates from which the Series C Liquidation Preference shall increase or from which Series C Distributions may begin accruing, to the extent such dates may differ.

• The initial Capital Account balance in respect of each Series C Preferred Unit issued on the Series C Original Issue Date shall be the Series C Liquidation Preference on such date.

• Each Series C Preference Unit shall be identical in all respects to every other Series C Preference Unit, except as to the respective dates from which the Series C Liquidation Preference shall increase or from which Series C Distributions may begin accruing, to the extent such dates may differ.

• The Series C Liquidation Preference shall be paid or set apart for payment before, in connection with any liquidation, dissolution or winding up of the corporation, the payment or setting apart for payment of any amount for, or the distribution of any assets of this corporation to, the holders of Common Stock or any series of Preferred Stock issued subsequent to the Series C Preferred Stock.

• Series C Holders shall not be entitled to any other amounts from the Partnership, in their capacity as Series C Holders, after they have received the Series C Liquidation Preference.

More Definitions of Series C Liquidation Preference

Series C Liquidation Preference means, with respect to each share of Series C Preferred, the Series C Original Issue Price plus all declared and unpaid dividends on each such share.

Series C Liquidation Preference means $3.5349, plus accrued but unpaid dividends per share of Series C Preferred Stock.

Series C Liquidation Preference means $25.00 per Series C Preferred Share.

Series C Liquidation Preference means the greater of (x) the Series C Accrued Value on a share of Series C Preferred Stock less the Absolute Liquidation Preference, as at any date, or (y) the amount of securities, cash or other property that would be payable to such holder in the Liquidation in respect of Class A Common Stock issuable upon conversion of such share of Series C Preferred Stock if all outstanding shares of Series C Preferred Stock were converted into Class A Common Stock immediately prior to the Liquidation in accordance with Section (C)(3)(g) of this Article Four hereof; provided that holders of Series C Preferred Stock shall not be entitled to receive the amount described in clause (y) of this definition unless either (i) all holders of Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock and Series B-1 Preferred Stock have received payment in full in respect of the Series A Liquidation Preference, the Series A-1 Liquidation Preference, the Series B Liquidation Preference and the Series B-1 Liquidation Preference, respectively, as well as, with respect to all such holders, payment in full in respect of the Absolute Liquidation Preference or (ii) the amounts described in clause (y) of the definitions of each of Series A Liquidation Preference, Series A-1 Liquidation Preference, Series B Liquidation Preference and Series B-1 Liquidation Preference is greater than the amounts described in clause (x) of each of such definitions.

Series C Liquidation Preference means $1,000 plus the aggregate amount of all Series C Accrued Dividends through and including the date of determination.

Series C Liquidation Preference means an amount initially equal to the Series C Purchase Price, plus any declared but unpaid dividends on the Series C Preferred Stock.

Series C Liquidation Preference means an amount equal to the number of shares of Fully-Diluted Series C Stock multiplied by $2.76.