Junior Liquidation Preference definition

Junior Liquidation Preference means, as of any time, the Junior Initial Liquidation Preference plus the aggregate Junior Preferred Return earned thereon during all quarters ended prior to that time minus the amount of distributions received by the Junior Preferred Members (or their predecessors in interest) under Sections 5.02(b) (solely with respect to all quarters ended prior to the then current quarter), 5.02(c) and 5.02(e) hereof prior to that time.
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Junior Liquidation Preference in the ALICO SPV LLC Agreement.
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Examples of Junior Liquidation Preference in a sentence

  • No interest shall be paid to any Member on any Capital Contributions (without limiting in any respect the accrual of the Junior Preferred Return or the Senior Preferred Return on the Junior Liquidation Preference or the Senior Liquidation Preference, respectively, as further set forth herein).

  • No interest shall be paid to any Member on any Capital Contributions (without limiting in any respect the accrual of the Junior Preferred Return or the Senior Preferred Return on the Junior Liquidation Preference or the Senior Liquidation Preference, respectively, of the Preferred Interests as further set forth herein).

  • Following the payment of the full amount of the Junior Liquidation Preference and the Common Adjustment in respect of all outstanding shares of Junior Stock and Common Stock, respectively, holders of Junior Stock and holders of shares of Common Stock shall receive their ratable and proportionate share of the remaining assets to be distributed in the ratio of the Adjustment Number to one (1) with respect to such Junior Stock and Common Stock, on a per share basis, respectively.

  • Following the payment of the full amount of the Junior Liquidation Preference and the Common Adjustment in respect of all outstanding shares of Junior Stock and Common Stock, respectively, holders of shares of Junior Stock and holders of shares of Common Stock shall receive their ratable and proportionate share of any remaining assets to be distributed in the ratio of the Adjustment Number to one (1) with respect to such Junior Stock and Common Stock, on a per share basis, respectively.

  • Following the payment of the full amount of the Series A Junior Liquidation Preference and the Common Adjustment in respect of all outstanding Series A Preferred Units and Common Units, respectively, holders of Series A Preferred Units and holders of Common Units shall receive their ratable and proportionate share of the remaining assets to be distributed in the ratio of the Adjustment Number to one (1) with respect to such Series A Preferred Units and Common Units, on a per unit basis, respectively.

  • Following the payment of the full amount of the Series D Junior Liquidation Preference and the Common Adjustment in respect of all outstanding Series D Preferred Units and Common Units, respectively, holders of Series D Preferred Units and holders of Common Units shall receive their ratable and proportionate share of the remaining assets to be distributed in the ratio of the Adjustment Number to one (1) with respect to such Series D Preferred Units and Common Units, on a per unit basis, respectively.