Remaining Preference Amount definition

Remaining Preference Amount means the amount, if any, by which the Aggregate Preference Amount exceeds the amount of Closing Equityholder Consideration paid at the Closing in respect of shares of Company Preferred Stock (without regard to any reduction in such amount on account of the Escrow Amount).
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Remaining Preference Amount has the meaning set forth on the Target Payout Spreadsheet.
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Remaining Preference Amount means at any point in time, the smallest dollar amount which, if distributed to Investor at that time, would cause the Company to reach Payout.
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Examples of Remaining Preference Amount in a sentence

  • In the event that the value of the cash and Earn-Out Shares (valued at the Signing Price) payable or issuable pursuant to Section 2.02(f)(iv)(E) are less than the Remaining Preference Amount, the payments described in the foregoing proviso shall be made to the holders of Company Preferred Stock ratably in proportion to the applicable Preference Amounts of such series of Company Preferred Stock.

  • Any payments on account of the Remaining Preference Amount pursuant to this subsection 2.02(f)(iv)(E) shall reduce the amount of cash payable and Earn-Out Shares issuable to each Company Equityholder pursuant to subsection 2.02(f)(iv)(E) ratably in proportion to such Company Equityholder’s Equityholder Earn-Out Percentage.

Related to Remaining Preference Amount

  • Preference Amount means any amount previously distributed to an Owner on the Obligations that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.

  • Liquidation Preference Amount means $25,000 per share of Series A Preferred Stock.

  • Series B Liquidation Preference means a liquidation preference for each Series B Preference Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to (a) increase by the per Series B Preference Unit amount of any accumulated and unpaid distributions (whether or not such distributions shall have been declared) and (b) decrease upon a distribution in connection with a Liquidation Event described in Section 17.4 which does not result in payment in full of the liquidation preference of such Series B Preference Unit.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).