Accreted Liquidation Preference definition

Accreted Liquidation Preference means, with respect to each share of Convertible Preferred Stock, an amount initially equal to the Liquidation Preference per share of Convertible Preferred Stock; and as of any particular date an amount equal to the initial Liquidation Preference as adjusted pursuant to Section 5(a)(ii)(1).

Accreted Liquidation Preference per share of Convertible Preferred Stock means, as of any date, the Initial Liquidation Preference increased by the sum of the Accretion Amounts, if any, for all prior Dividend Payment Dates, and decreased by the sum of the Paydown Amounts, if any, for all prior Dividend Payment Dates or other dates on which Paydown Amounts were paid.

Accreted Liquidation Preference means, with respect to each share of Convertible Preferred Stock, an amount initially equal to the Initial Liquidation Preference per share of Convertible Preferred Stock; and as of any particular date an amount equal to the Initial Liquidation Preference as increased pursuant to Section 5(a)(iii).

Examples of Accreted Liquidation Preference in a sentence

• If the Company is unable to, or otherwise fails (for any reason) to, pay dividends in cash and in full on the Convertible Preferred Stock on any Dividend Payment Date as described above in Section 2(a), the Accreted Liquidation Preference of each share of Convertible Preferred Stock will be increased automatically as of the first day of the immediately succeeding dividend period by the Accretion Amount in respect of the unpaid dividends.

• The Accreted Liquidation Preference of each share of Convertible Preferred Stock will be reduced as of the first day following the date of such payment by the amount of such payment (the “Paydown Amount”) and the amount of dividends will be calculated on the basis of the reduced Accreted Liquidation Preference for the period of time from the date of such reduction until the applicable Dividend Payment Date.

• The amount of dividends payable for any dividend period following a non-payment of dividends will be calculated on the basis of the Accreted Liquidation Preference of each share of Convertible Preferred Stock as of the first day of the relevant dividend period.

• The Company may pay all or a portion of the amount by which the Accreted Liquidation Preference of a share of Convertible Preferred Stock exceeds the Initial Liquidation Preference of a share of Convertible Preferred Stock on (i) any Dividend Payment Date or (ii) any other date fixed by the Board of Directors or a duly authorized committee thereof.

More Definitions of Accreted Liquidation Preference

Accreted Liquidation Preference means, with respect to any outstanding share of Preferred Stock, the remainder of

Accreted Liquidation Preference per share of Preferred Stock means, as of any date, the Initial Liquidation Preference increased by the sum of the Accretion Amounts, if any, for all prior Dividend Payment Dates, and decreased by the sum of the Paydown Amounts, if any, for all prior Dividend Payment Dates.

Accreted Liquidation Preference means the initial liquidation preference of the Series B Preferred Stock equal to $21,850,000, accreting at an annual rate of 12% (computed on the basis of a 360-day year), compounding quarterly and accruing daily from the date of issuance of the Series B Preferred Stock to NWIP up to and including the date fixed for the redemption of the Series B Preferred Stock or, if earlier, the liquidation, dissolution or winding-up of the Corporation.

Accreted Liquidation Preference means the initial liquidation preference of the Series B Preferred Stock equal to $21,850,000, accreting at an annual rate of 12% (computed on the basis of a 360-day year), compounding quarterly and accruing daily from the date of issuance of the Series B Preferred Stock to NWIP up to and including