Exit Factor definition
Exit Factor means, with respect to any Exit Event, a fraction, the numerator of which is equal to the aggregate proceeds received by the Warburg Investors in connection with such Exit Event, excluding any amounts received as a result of the liquidation preference associated with such equity securities, if any, and the denominator of which is equal to the Warburg Exit Percentage multiplied by the aggregate purchase price paid by the Warburg Investors in connection with their purchase of equity in the Company.
Exit Factor means, with respect to any Exit Event, a fraction, the numerator of which is equal to the Exit Event Proceeds, and the denominator of which is equal to the Exit Percentage multiplied by the Invested Capital.