Participation value definition
Participation value of an account shall mean the amount
Participation value means the aggregate of payments by a member on shares plus dividends credited to the shares, less redemption and repurchase payments.
Participation value means seven percent (7.00%) of the aggregate original dollar amount of all Loans advanced by such Lender under its Growth Capital Loan Commitment and Additional Growth Capital Loan Commitment As a condition precedent to the issuance of any Lender Warrant and any Next Financing Event Securities to any Lender, such Lender must execute an instrument of joinder agreeing to be bound by the terms and conditions of Parent’s Amended and Restated Stockholders’ Agreement, dated as of April 28, 2000 among Parent and certain of its stockholders, namely, Biotech 3 Investment, LLC, Elan International Services, Inc., and the Class C Investors and the Class F Investors (as defined therein) and any transferee and/or assignees thereof (as amended, the “Stockholders’ Agreement”) or any other stockholders’ agreement of Parent in existence immediately prior to such issuance. Parent acknowledges that VLL has assigned its rights to receive its Lender Warrant and Next Financing Event Securities, if any, to its parent, Venture Lending & Leasing IV, LLC; in connection therewith, Parent shall issue such Lender Warrant and Next Financing Event Securities, if any, directly to Venture Lending & Leasing IV, LLC. VLL shall furnish to Parent a copy of the agreement in which VLL assigned such Lender Warrant and Next Financing Event Securities, if any, to Venture Lending & Leasing IV, LLC.
Examples of Participation value in a sentence
The Equity Participation value shall be converted to first dollar equity in the Company at a ratio of the greater of $0.18 per dollar of new equity invested into the Company, or any higher rate offered to any other key stakeholder in the restructuring process.
More Definitions of Participation value
Participation value means, with respect to the Company as of the Closing Date, the Subsequent Participation Value obtained by the following sequence of calculations: (i) dividing the Adjusted Merger Consideration by the number of shares of Company Common Stock outstanding as of the Closing Date, calculated on an As-Converted basis and including, without limitation, any Company Convertible Securities that are subject to vesting and that are not vested as of the date of such determination (such quotient, the “Preliminary Participation Value”); (ii) calculating the number of shares of Company Common Stock (the “In-the-Money Securities Number”) equal to the quotient obtained by (A) multiplying (x) the number of shares of Company Common Stock subject to Company Stock Options that are in-the-money at the Preliminary Participation Value, including, without limitation, any shares of Company Common Stock subject to Company Stock Options that are subject to vesting and that are not vested as of the date of such determination by (y) the difference between the Preliminary Participation Value and the weighted average exercise price of the Company Stock Options included in clause (x) and dividing such product by (B) the Preliminary Participation Value; (iii) dividing the Adjusted Merger Consideration by the sum of (A) the number of shares of Company Common Stock and (B) the In-the-Money Securities Number (such quotient, the “Subsequent Participation Value”); (iv) recalculating the In-the-Money Securities Number using the Subsequent Participation Value obtained under clause (iii) in lieu of the Preliminary Participation Value and (v) repeating steps (iii) and (iv) successively until such time as a further iteration of the calculation of the Subsequent Participation Value would result in a change to such value of less than or equal to $0.001.
Participation value means, for each series of Target Preferred Stock, the cash amount to which one share of that series of Target Preferred Stock is entitled based on the Total Merger Consideration Value as determined in accordance with Sections 2(b)-(d) of the Target Charter (taking into account the Liquidation Value for the series of such share as required by the Target Charter).