Success Fee Amount definition
Success Fee Amount means the greater of (a) $50,000 or (b) two percent (2.00%) of the highest aggregate principal amount (excluding Ancillary Services reserves) of Credit Extensions outstanding at any time on or before the consummation of a Success Fee Event.
Success Fee Amount is the product of (i) the total gross consideration (cash and non-cash) of a Liquidity Event received by Borrower and its stockholders multiplied by (ii) the corresponding success fee percentage in accordance with the following matrix: Total Gross Consideration Success Fee Percentage Up to $225,000,000 .00 % $225,000,001 to $500,000,000 .25 % $500,000,001 to $750,000,000 .375 % In excess of $750,000,000 .50 %
Success Fee Amount has the meaning assigned in Section 2.5(d).
Examples of Success Fee Amount in a sentence
Upon a Success Fee Event, a one-time fee equal to the Success Fee Amount (such fee, the “Success Fee”).
More Definitions of Success Fee Amount
Success Fee Amount is (a) in the event that the Success Fee is paid prior to the second (2nd) anniversary of the Effective Date, One Million Dollars ($1,000,000.00) and (b) in the event that the Success Fee is paid on or after the second (2nd) anniversary of the Effective Date, Two Million Dollars ($2,000,000.00).
Success Fee Amount means an amount equal to the lesser of (i) Thirty Five Thousand Eighty Eight Dollars ($35,088) or (ii) the product of (a) One Hundred Forty Thousand Three Hundred Fifty One (140,351) and (b) the difference between (I) the consideration payable with respect to one share of the fully diluted common stock of Borrower in connection with the Corporate Transaction and (II) fifty seven cents ($0.57).
Success Fee Amount means the amount set forth on Schedule 1.01(l).