Preference Cash definition
Preference Cash means an amount equal to the product of: (a) eighty percent (80%); multiplied by (b) the difference between: (i) the Available Cash; minus (ii) One Hundred Million Dollars ($100,000,000.00); provided, however, that in no event will the Preference Cash be less than Zero Dollars ($0.00) or greater than Eighty Million Dollars ($80,000,000.00).
Examples of Preference Cash in a sentence
The "Cash Component Per Share" shall be the quotient obtained by dividing (A) the difference of (y) the Aggregate Cash Component minus (z) the Series B Liquidation Preference Cash Component by (B) the Diluted Common Shares.
The "Series B Liquidation Preference Cash Component" shall be an amount of cash equal to the Series B Liquidation Preference minus the product of (A) the Series B Liquidation Preference Shares and (B) the Closing Date Share Price.