Liquidation Payment definition

Liquidation Payment has the meaning given to that term in the FRH Preferred and includes any payment made on account of the FRH Preferred Equity Interest as a result of a redemption made pursuant to Section 5 of the FRH Preferred.

Liquidation Payment means the product of (i) the Stated Value per share of Series A Preferred Stock multiplied by (ii) the total number of shares of Series A Preferred Stock issued under the Certificate as of the date of such Liquidation Event.

Liquidation Payment shall have the meaning specified in section 1.3. ----------- -------

Examples of Liquidation Payment in a sentence

• The redemption price for each Preferred Unit under any subsection of this Section 5 shall be equal to the Liquidation Payment as of the date of redemption and shall be paid by the Company in cash.

• The Liquidation Payment shall equal the greater of (a) the Liquidity Preference (calculated through the Third Anniversary date), or (b) the Aggregate Sale Consideration multiplied by the Investor’s Percentage Interest.

• Anything in this Agreement to the contrary notwithstanding, so long as the proposed transaction results in a cash payment to the Investor of no less than the Liquidity Preference, the Company will not be required to obtain the prior consent of the Investor; provided, however, that this sentence shall not be deemed to entitle the Investor to anything less than what it is entitled to under Section 10.1.1 as a Liquidation Payment.

• Upon the date of closing of the Liquidation Payment (the “Liquidation Closing”), the Company shall deliver to the Investor a cash amount determined in accordance with Section 10.1.1 above.

• In consideration for the Liquidation Payment, ValueVision or any permitted transferee of ValueVision shall, if requested by Polo in its sole discretion, transfer to Polo that percentage of ValueVision's Membership Interest equal to (a) the Liquidation Payment, divided by (b) the aggregate cash Capital Contributions made to the Company by ValueVision and such permitted transferees (the "ValueVision Contributions").

More Definitions of Liquidation Payment

Liquidation Payment. As defined in Section 12.6.

Liquidation Payment means with respect to any Share as of any date, an aggregate amount equal to the Compounded Liquidation Value of such Share as of such date plus the Accrual Amount of such Share as of such date; provided that the "Compounded Liquidation Value" of a Share as of a given date shall be equal to the Liquidation Value as increased from time to time as described in the definition of Accrual Amount below; provided that the "Accrual Amount" of a Share as of a given date shall be the amount that shall have accrued on such Share as of such date, such accrual occurring from the date of issuance of such Share until such Share is no longer outstanding, on a daily basis at the rate of 15% per annum of the Compounded Liquidation Value of such Share, provided that on each March 31, June 30, September 30 and December 31, the Accrual Amount for each Share outstanding shall be added to the Compounded Liquidation Value of such Share and the Accrual Amount for such Share shall be reset to zero.

Liquidation Payment means the amount paid in cash for each share of Series D Preferred Stock equal to the sum of: (i) the Stated Value of such share of Series D Preferred Stock and (ii) all accrued but unpaid dividends on such share of Series D Preferred Stock to the date fixed for liquidation.

Liquidation Payment has the meaning set forth in Section 10.1 hereof.

Liquidation Payment means, with respect to each share of Series A Preferred Shares, a payment equal to the Liquidation Preference.

Liquidation Payment shall have the meaning set forth in Section 8.03.

Liquidation Payment means any payment received by a Secured Party in respect of any Secured Obligation (a) after the commencement of any Insolvency or Liquidation Proceeding in respect of the Company, (b) in connection with any foreclosure (whether strict, non-judicial, judicial, voluntary or involuntary) on any Collateral, (c) after either any Loans or any Senior Notes shall have become due and payable in full (as the result of an acceleration or termination (but not as the result of a scheduled payment at maturity)), or (d) after the Trigger Time, provided that the term “Liquidation Payment” shall not include any Excepted Payment.