Series A Liquidation Payment definition

Series A Liquidation Payment means the amount per share equal to the Liquidation Preference as set forth in Section 7 of the Designation of Series A Preferred Stock attached as Exhibit A to the Certificate of Incorporation of the Holding Company in effect immediately prior to the Effective Time.
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Series A Liquidation Payment means $1,000,000, plus unpaid cumulative dividends.
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Series A Liquidation Payment shall have the meaning ascribed to it in Section 4(a)(iii) hereof.
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Examples of Series A Liquidation Payment in a sentence

  • The Partnership shall redeem the Series A Preferred Units by payment in cash, for each Series A Preferred Unit to be redeemed, in an amount (the “Redemption Amount”) equal to the Series A Liquidation Payment Amount calculated as of the Redemption Date.

  • At the Partnership Merger Effective Time, by virtue of the Partnership Merger, any Series A Preferred Units outstanding immediately prior to the Partnership Merger Effective Time will be automatically converted into the right to receive either the Series A Liquidation Payment or New Parent OP Units or the Merger Consideration, as designated in the applicable Preferred Unitholder Election Form, and will thereupon be canceled and cease to be outstanding.

  • After payment in full of the Series A Liquidation Payment Amount, the holders of the Series A Preferred Units will not be entitled to any further participation in any distribution of assets by the Partnership.

  • The holders of Series A Convertible Preferred Stock shall not be entitled to any further payment (such amount payable with respect to one share of Series A Convertible Preferred Stock being sometimes referred to as the "Series A Liquidation Payment" and with respect to all shares of Series A Convertible Preferred Stock being sometimes referred to as the "Series A Liquidation Payments").