Examples of Preference Amount in a sentence
In the event of any Liquidation Event, after the payment or setting aside for payment to the holders of Flash Preferred of the full Liquidation Preference Amount, the entire remaining assets of the Corporation legally available for distribution shall be distributed pro rata to holders of the Common Stock of the Corporation in proportion to the number of shares of Common Stock held by them.
In the event of any Liquidation Event, after the payment or setting aside for payment to the holders of Preferred Stock of the full Liquidation Preference Amount, the entire remaining assets of the Corporation legally available for distribution shall be distributed pro rata to holders of Common Stock in proportion to the number of shares of Common Stock held by them.
In the event a Class B Member withholds such consent and subject to the conversion rights specified in Section 2.5(d), BOX Holdings shall have the option to redeem such Class B Member’s Class B Membership Units at the Class B Liquidation Preference Amount.
After the payment of Preference Amount from the Liquidation Proceeds as per Clause 10.1 above, each Shareholder (excluding the Investors) shall be entitled to the balance portion of the Liquidation Proceeds that is proportionate to the percentage represented by each Security involved in the Liquidation Event in the aggregate number of the Securities involved in the Liquidation Event.
If there are insufficient assets to pay all Class B Members their full Class B Liquidation Preference Amount, the assets shall be distributed pro rata among the Class B Members.