Series C Liquidation Preference definition
Examples of Series C Liquidation Preference in a sentence
Each Series C Preferred Unit shall be identical in all respects to every other Series C Preferred Unit, except as to the respective dates from which the Series C Liquidation Preference shall increase or from which Series C Distributions may begin accruing, to the extent such dates may differ.
Each Series C Preference Unit shall be identical in all respects to every other Series C Preference Unit, except as to the respective dates from which the Series C Liquidation Preference shall increase or from which Series C Distributions may begin accruing, to the extent such dates may differ.
The initial Capital Account balance in respect of each Series C Preferred Unit issued on the Series C Original Issue Date shall be the Series C Liquidation Preference on such date.
The payment of the Series C Liquidation Preference shall be a payment in redemption of the Series C Preference Units such that, from and after payment of the full Series C Liquidation Preference, any such Series C Preference Unit shall thereafter be cancelled and no longer be Outstanding.
To the extent that the Series C Holders receive a partial payment of their Series C Liquidation Preference, such partial payment shall reduce the Series C Liquidation Preference of their Series C Preference Units, but only to the extent of such amount paid.