Aggregate Preference Amount definition

Aggregate Preference Amount means an amount equal to the product of (i) the Series A Per Share Preference, multiplied by (ii) the sum of (A) the aggregate number of shares of Series A Preferred Stock outstanding immediately prior to the Effective Time, plus (B) the aggregate number of shares of Series A Preferred Stock issuable upon exercise of the Series A Warrants.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Aggregate Preference Amount as to any Preference Share means, as of any date: (a) the Accrued Liquidation Preference, plus (b) after an Insolvency Event, accrued and unpaid Preference Dividends added to the Liquidation Preference in accordance with Section 4.1, minus (c) after an Insolvency Event, the aggregate Base Amounts of any special dividends paid pursuant to Section 4.2(b).

Aggregate Preference Amount shall be determined by multiplying the Preference Per Share Amount by the aggregate number of shares of Company Preferred Stock outstanding immediately prior to the Effective Time.

Examples of Aggregate Preference Amount in a sentence

• Little notice has been taken of the possibility that many international readjustments after the present war may be effected through executive agreements rather.

• In any such case, the Global Preference Shares shall be exchanged for certificated Preference Shares in registered form, with the same terms and with an equal Aggregate Preference Amount and equal Aggregate Dividend Preference, and bearing any applicable legends pursuant to Section 10.1. Certificated Preference Shares shall be registered in the name or names of the Person or Person specified by the Depositary in a written instrument to the Registrar.

• After the Closing, the Comet Common Holders shall not be entitled to receive any portion of the Merger Consideration in respect of the Comet Common Stock until such time as the Comet Preferred Holders shall have received the Aggregate Preference Amount in respect of the Comet Preferred Stock.

More Definitions of Aggregate Preference Amount

Aggregate Preference Amount means the sum of the Aggregate Series A-1 Preference Amount and the Aggregate Series A-2 Preference Amount.

Aggregate Preference Amount means the Aggregate Series A Preference Amount, the Aggregate Series B Preference Amount, the Aggregate Series C Preference Amount and the Aggregate Series D Preference Amount, collectively, or $19,890,774.

Aggregate Preference Amount means the sum, in dollars, of (a) the product obtained by multiplying the number of shares of Series A Preferred Stock outstanding immediately prior to the Effective Time (other than any shares of Series A Preferred Stock required to be cancelled pursuant to Section 3.2(d)) by the Liquidation Preference per share of Series A Preferred Stock, (b) the product obtained by multiplying the number of shares of Series B Preferred Stock outstanding immediately prior to the Effective Time (other than any shares of Series B Preferred Stock required to be cancelled pursuant to Section 3.2(d)) by the Liquidation Preference per share of Series B Preferred Stock and (c) the product obtained by multiplying the number of shares of Series C Preferred Stock outstanding immediately prior to the Effective Time (other than any shares of Series C Preferred Stock required to be cancelled pursuant to Section 3.2(d)) by the Liquidation Preference per share of Series C Preferred Stock.

Aggregate Preference Amount means $17,843,184.73.

Aggregate Preference Amount means the sum of the following:

Aggregate Preference Amount means the sum of: (i) the Aggregate Senior Preference Amount; plus (ii) the Aggregate Series B Preference Amount; plus (iii) the Aggregate Series A Preference Amount.

Aggregate Preference Amount means the product of the number of Preference Shares issued and outstanding on the Effective Date multiplied by the Per Share Preference Amount.