Liquidation Premium definition

Liquidation Premium means (X) on or prior to December 15, 2003, in connection with (i) a Merger Liquidation in which the surviving entity is a Qualified Entity, an amount equal to five percent (5%) of the Liquidation Preference or (ii) any other Liquidation, an amount equal to ten percent (10%) of the Liquidation Preference, or (Y) after December 15, 2003, in connection with any Liquidation, an amount equal to the Redemption Premium set forth in Section 5.

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Liquidation Premium means (X) on or prior to the fifth anniversary of the date of these Articles Supplementary, in connection with (i) a Merger Liquidation in which the surviving entity is a Qualified Entity, an amount equal to 5% of the Liquidation Preference or (ii) any other Liquidation, an amount equal to 10% of the Liquidation Preference, or (Y) after the fifth anniversary of the date of these Articles Supplementary, in connection with any Liquidation, an amount equal to the difference between the Redemption Price set forth in Section 5 and the Liquidation Preference.

Liquidation Premium means the amount determined pursuant to the following equation:

Examples of Liquidation Premium in a sentence

• The purchase price (the "Purchase Price") of each Class A Limited Partner's Interest shall equal the sum of (A) the balance in such Class A Limited Partner's Capital Account as stated on the statement of Capital Accounts determined in accordance with this Agreement and provided to the Partners pursuant to Section 8.02(e); and (B) an amount equal to such Class A Limited Partner's Early Liquidation Premium, if any.

• On the date on which all of the assets of the Partnership are distributed to the Partners pursuant to Section 12.02, the Partnership shall pay to each Class A Limited Partner an amount equal to such Class A Limited Partner's Early Liquidation Premium, if any.

• The purchase price (the “Purchase Price”) of each Class A Member’s Interest shall equal the sum of (i) the balance in such Class A Member’s Capital Account as stated on the statement of Capital Accounts determined in accordance with this Agreement and provided to the Members pursuant to Section 8.02(e) hereof; and (ii) an amount equal to such Class A Member’s Early Liquidation Premium, if any.

• On the date on which all of the assets of the Company are distributed to the Members pursuant to Section 12.02 hereof, the Company shall pay to each Class A Member an amount equal to such Class A Member’s Early Liquidation Premium, if any.

• On the date on which all of the assets of the Partnership are distributed to the Partners pursuant to Section 12.02 hereof, the Partnership shall pay to each Class A Limited Partner an amount equal to such Class A Limited Partner’s Early Liquidation Premium, if any.

• The Liquidation Premium shall be payable in cash or, in the case of a merger or consolidation, stock of the surviving entity, after (i) payment in full of the Principal Amount, accrued interest and Prepayment Premium (as defined in Section 2 hereof) on the Notes and (ii) any liquidation preferences payable on the Company’s currently outstanding preferred stock.

• The Liquidation Premium shall be payable if while this Note is outstanding or at any time within 120 days after the Note has been prepaid pursuant to Section 2 hereof, the Company enters into a definitive agreement which contemplates a Trigger Event.

• The purchase price (the “Purchase Price”) of each Class A Limited Partner’s Interest shall equal the sum of (i) the balance in such Class A Limited Partner’s Capital Account as stated on the statement of Capital Accounts determined in accordance with this Agreement and provided to the Partners pursuant to Section 8.02(e) hereof; and (ii) an amount equal to such Class A Limited Partner’s Early Liquidation Premium, if any.

• This prepayment provision shall not be utilized by the Company to circumvent the payment of the Liquidation Premium and other amounts payable pursuant to Section 1(C) above.

• At any time prior to July 1, 2008, each share of Series A Preferred shall be redeemable by Legacy for Stated Value plus the Liquidation Premium.

More Definitions of Liquidation Premium

Liquidation Premium means, upon an Initial Listing or REIT Change of Control and in accordance with the time lapsed since the First Issuance Date, the Liquidation Amount (subject to proportionate adjustment in the event of a unit split, unit distribution, combination or other proportionate reduction or increase to the Series A Preferred Units) multiplied by: First Issuance Date – 1st Anniversary 10% 1st Anniversary – 2nd Anniversary 8% 2nd Anniversary – 3rd Anniversary 6% 3rd Anniversary – 4th Anniversary 4% 4th Anniversary – 5th Anniversary 2% 5th Anniversary – thereafter 0%

Liquidation Premium means, upon an Initial Listing or Change of Control and in accordance with the time lapsed since the First Issuance Date, the Liquidation Amount (subject to proportionate adjustment in the event of a stock split, stock dividend, combination or other proportionate reduction or increase to the Series A Preferred Stock) multiplied by: