Liquidation Payment Amount definition

Liquidation Payment Amount. For any Distribution Date, the lesser of (a) the aggregate amount of Liquidation Shortfalls and (b) the amount on deposit in the Liquidation Reserve Fund.
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Examples of Liquidation Payment Amount in a sentence

  • In the event Maravai Co. makes a Convertible Preferred Stock Liquidation Payment, on or before the related date fixed for liquidation, winding-up or dissolution of Maravai Co., the Manager may cause the Company to make a Distribution in respect of the Convertible Preferred Units in an amount equal to the related Convertible Preferred Stock Liquidation Payment Amount.

  • The Partnership shall redeem the Series A Preferred Units by payment in cash, for each Series A Preferred Unit to be redeemed, in an amount (the “Redemption Amount”) equal to the Series A Liquidation Payment Amount calculated as of the Redemption Date.

  • After payment in full of the Series A Liquidation Payment Amount, the holders of the Series A Preferred Units will not be entitled to any further participation in any distribution of assets by the Partnership.

  • In the event PowerSchool makes a Convertible Preferred Stock Liquidation Payment, on or before the related date fixed for liquidation, winding-up or dissolution of PowerSchool, the Manager may cause the Company to make a Distribution in respect of the Convertible Preferred Units in an amount equal to the related Convertible Preferred Stock Liquidation Payment Amount.

  • If there is “Project Available Cash” (as such term is defined in the Company Operating Agreement) which is distributable as of the Liquidation Apportionment Date pursuant to Section 6.02(a) of the Company Operating Agreement, then the Liquidation Payment Amount shall be (a) decreased by TPG's pro rata share of any Project Available Cash allocated to City National Plaza, and (b) increased by CalSTRS' pro rata share of any Project Available Cash allocated to the other Company Projects.

  • Notwithstanding anything to the contrary contained herein, the Liquidation Payment Amount shall not be subject to adjustments or prorations relating to Reflections I, Reflections II or Fair Oaks Plaza.

  • The Liquidation Payment Amount shall be adjusted to reflect the actual closing costs and normal prorations of income, rent, expenses, taxes and other similar amounts that would be applicable on a hypothetical sale of City National Plaza to CalSTRS, and of the other Company Projects to TPG, on the Liquidation Closing Date, and after a reconciliation of all cash on hand and unpaid leasing costs and trade payables owed with respect to the Company Projects as set forth herein.

  • In the event Carvana Co. makes a Class A Convertible Preferred Stock Liquidation Payment, on or before the related date fixed for liquidation, winding-up or dissolution of Carvana Co. the Manager shall cause the Company to make a Distribution in respect of the Class A Convertible Preferred Units in an amount equal to the related Class A Preferred Stock Liquidation Payment Amount.

  • TPG shall cause to be deposited in the Escrow Account, and instruct the Escrow Holder, on behalf of the Company to distribute to CalSTRS, the entire Liquidation Payment Amount (including the Liquidation Deposit) at the Liquidation Closing as a liquidating distribution.

  • TPG shall have delivered either the balance of the Redemption Payment Amount (i.e., the Redemption Payment Amount less the Total Deposit), in accordance with Section 4.1.2, or the balance of the Liquidation Payment Amount (i.e., the Liquidation Payment Amount less the Liquidation Deposit), in accordance with Section 4.2.2, as applicable.