Class B Liquidation Value definition

Class B Liquidation Value means, as of the date of determination and with respect to the relevant new Class B Profits Units to be issued, the aggregate amount that would be distributed to the Members pursuant to Section 7.02, if, immediately prior to the issuance of the relevant new Class B Profits Units, the Company sold all of its assets for Fair Market Value and immediately liquidated, the Company's debts and liabilities were satisfied and the proceeds of the liquidation were Distributed pursuant to Section 12.03(c).
View Source
Class B Liquidation Value means the amount equal to Ten Cents ($0.10) per share of Class B Common Stock.
View Source
Class B Liquidation Value means, as of the date of determination and with respect to the relevant new Class B Profits Units to be issued, the aggregate amount that would be distributed to the Members pursuant to Section 7.02, if, immediately prior to the issuance of the relevant new Class B Profits Units, the Company sold all of its assets for Fair Market Value and immediately liquidated, the Company’s debts and liabilities were satisfied and the proceeds of the liquidation were Distributed pursuant to Section 12.03(c).
View Source

Examples of Class B Liquidation Value in a sentence

  • In each Award Agreement that it enters with a Service Provider for the issuance of new Class B Profits Units, the Board shall include an appropriate Profits Interest Hurdle for such Class B Profits Units on the basis of the Class B Liquidation Value immediately prior to the issuance of such Class B Profits Units.

  • To the extent any Class B Units remain outstanding on December 31, 2024 (the “Mandatory Redemption Date”), the Partnership shall redeem on such date all such outstanding Class B Units for cash in an amount equal to the Class B Liquidation Value for each Class B Unit being redeemed.

  • After payment of the Class B Liquidation Value, the Class B Preferred Stock will not be entitled to any further participation in any distribution of assets by the Corporation.

  • The liquidation value of each share of Class B Preferred Stock shall be $100.00 (the "Class B Liquidation Value").

  • In addition, the Corporation shall be required to redeem, in the event of a Change of Control, all of the Class B Preferred Stock then outstanding no later than 30 days following the occurrence of such Change of Control, at a redemption price per share equal to 110% of the Class B Liquidation Value (such payment, together with each of the redemption payments required to be made pursuant to the immediately preceding sentence, a "Class B Redemption Payment").

  • Notwithstanding anything herein to the contrary, all measurements and references herein related to per-Unit values, prices and numbers (including Class A Sharing Percentage, Class A Unit Fair Market Value, Class A Unit Price, Class A Units, Class B Distribution Rate, Class B Issue Price, Class B Liquidation Value, Class B Sharing Percentage, Class B Units and PIK Units), shall be, in each instance, appropriately adjusted for Unit splits, combinations, distributions and the like.


More Definitions of Class B Liquidation Value

Class B Liquidation Value means, with respect to each outstanding Class B Unit as of the date of such determination, an amount equal to the sum of (a) the Class B Issue Price and (b) all accrued but unpaid distributions to date owing pursuant to Section 4.6(c)(iv) on account of such Class B Unit (including in respect of any partial Quarter).
View Source
Class B Liquidation Value means the Liquidation Value per share of the Class B Preferred Stock as provided in the Company Charter in effect immediately prior to the Effective Time.
View Source