Base Preference Amount definition

Base Preference Amount means, with respect to a Series A Preferred Unit, the sum of (i) the Stated Value thereof, plus (ii) all accrued and unpaid Series A Preferred Return and any other declared and unpaid dividends or distributions thereon.
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Base Preference Amount shall initially mean $1,000 per Preferred Unit, and shall increase as follows: From January 1, 2018 - June 30, 2018 $ 1,060 From July 1, 2018 - December 31, 2018 $ 1,120 From January 1, 2019 - December 31, 2019 $ 1,180 From January 1, 2020 - December 31, 2020 $ 1,200 From January 1, 2021 $ 1,250 "Business Day" shall mean any day except a Saturday, Sunday or day on which banking institutions in New York, New York are not required to be open.
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Related to Base Preference Amount

  • Preference Amount means any amount previously distributed to an Owner on the Obligations that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.

  • Liquidation Preference Amount means $25,000 per share of Series A Preferred Stock.

  • Reference Amount means, for each share of Mandatory Convertible Preferred Stock, an amount equal to the sum of the following amounts:

  • Series B Liquidation Preference means a liquidation preference for each Series B Preference Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to (a) increase by the per Series B Preference Unit amount of any accumulated and unpaid distributions (whether or not such distributions shall have been declared) and (b) decrease upon a distribution in connection with a Liquidation Event described in Section 17.4 which does not result in payment in full of the liquidation preference of such Series B Preference Unit.

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).