Senior Liquidation Amount definition
Examples of Senior Liquidation Amount in a sentence
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For any Distribution Date, the excess, if any, of the aggregate Liquidation Principal of all Class U Mortgage Loans which became Liquidated Loans during the related Prepayment Period over the sum of the Group U-1 Senior Liquidation Amount and the Group U-2 Senior Liquidation Amount for such Distribution Date.
After payment of the full Senior Liquidation Amount, if applicable, and the full Liquidation Amount to the holders of Series A Preferred Stock, Series A-1 Preferred Stock and Series A-2 Preferred Stock, as the case may be, and of the liquidation preferences of any other series of Preferred Stock, all remaining assets of the Company shall be distributed to the holders of Common Stock.
After payment of the Common Preference Amount required under Subsection A.3(b) and the Senior Liquidation Amount required under Subsection B.3(a), the holders of shares of common stock then outstanding shall be entitled to be paid the remaining assets of the Corporation available for distribution to its stockholders as otherwise set forth in this Amended and Restated Certificate of Incorporation.
For any Distribution Date, the excess, if any, of the sum of (A) the aggregate of Liquidation Principal for all Group 4 Loans which became Liquidated Mortgage Loans during the Prior Period and (B) any Subsequent Recoveries for such Distribution Date for Loan Group 4, over the Group 4 Senior Liquidation Amount for such Distribution Date.