Base Liquidation Preference definition

Base Liquidation Preference shall have the meaning provided in Section 6(a).

Base Liquidation Preference means, with respect to Series A Preferred Units, Base Liquidation Preference as defined in Annex A hereto, and, with respect to Series C Preferred Units, Series C Base Liquidation Preference as defined in Annex B hereto.

Base Liquidation Preference per Convertible Preference Share shall initially be equal to the Original Purchase Price. From and after the Series 6 Original Issuance Date, the Base Liquidation Preference of each Convertible Preference Share shall increase on a daily basis, on the basis of a 360-day year consisting of twelve 30-day months, at a rate of 8.0% per annum (the “Accretion Rate”) of the then-applicable Base Liquidation Preference, the amount of which increase shall compound quarterly on each March 31, June 30, September 30 and December 31 (each, a “Quarterly Compounding Date”) from the Series 6 Original Issuance Date through the fifth anniversary thereof, following which the Accretion Rate will decrease to 0% per annum and the Base Liquidation Preference per Convertible Preference Share will not increase during any period subsequent to such fifth anniversary. The Base Liquidation Preference shall be proportionally adjusted for any stock dividends, splits, combinations and similar events on the Convertible Preference Shares.

Examples of Base Liquidation Preference in a sentence

• The Base Liquidation Preference shall be proportionally adjusted for any stock dividends, splits, combinations and similar events on the Series 6 Preferred Shares.

• The Base Liquidation Preference shall be proportionally adjusted for any stock dividends, splits, combinations and similar events on the Series 8 Convertible Preferred Shares.

• For the avoidance of doubt, from and after the Series 8 Original Issuance Date until the one year anniversary of the Series 8 Original Issuance Date, the Accretion Rate will be 0% per annum and the Base Liquidation Preference per Series 8 Convertible Preferred Share will not increase during such period.

• The Base Liquidation Preference shall be proportionally adjusted for any stock dividends, splits, combinations and similar events on the Series 4 Preferred Shares.

• For the avoidance of doubt, from and after the Series 6 Original Issuance Date until the one year anniversary of the Series 6 Original Issuance Date, the Accretion Rate will be 0% per annum and the Base Liquidation Preference per Series 6 Convertible Preferred Share will not increase during such period.

More Definitions of Base Liquidation Preference

Base Liquidation Preference means, in respect of any Component or Preferred Interest at any time, the Initial Base Liquidation Preference for such Component or Preferred Interests accreted from the final Funding Date to such time at the Accretion Rate, as reasonably determined by the Calculation Agent. Prior to the final Funding Date, the Base Liquidation Preference for any Component or Preferred Interest at any time shall be the Initial Base Liquidation Preference for such Preferred Interest determined as of such time.

Base Liquidation Preference means, on any date of determination, with respect to any particular share of Series A Preferred Stock, the sum of (x) the Original Per Share Purchase Price (or a pro rata portion thereof in the case of fractional shares of Series A Preferred Stock, if any), (y) all Accumulated Dividends thereon as of such date of determination, and (z) all Accrued Dividends thereon as of such date of determination.

Base Liquidation Preference has the meaning set forth in the Series 6 Articles of Amendment.

Base Liquidation Preference has the meaning set forth in Section 12.4 hereof.

Base Liquidation Preference means $15.00 per 3.5% Convertible Preferred Unit.

Base Liquidation Preference means, with respect to each Preference Share, US$1,000.

Base Liquidation Preference of any Parent Preferred Stock means the Liquidation Preference of such Parent Preferred Stock without giving effect to (x) the accrual of any dividends on such Parent Preferred Stock, or (y) the provisions of the Parent Certificate of Designation providing for redemption of such Parent Preferred Stock at a cash redemption price in excess of 100% of the Liquidation Preference thereof or the addition of Premium to the Liquidation Preference.