Preferred Percentage means, at any time of determination, the percentage equal to (i) the number of shares of Common Stock issuable upon the conversion of all of the Series A Preferred Shares outstanding at such time of determination (without regard to any restrictions on conversion (including the Conversion Standstill Period, the Conversion Cap and the Conversion Restriction)), plus the number of shares of Common Stock outstanding at such time of determination that were issued pursuant to the conversion of any Series A Preferred Shares, divided by (ii) the number of shares of Common Stock issued and outstanding at such time of determination, plus the number of shares of Common Stock issuable upon conversion of the Series A Preferred outstanding at such time (without regard to any restrictions on conversion (including the Conversion Standstill Period, the Conversion Cap and the Conversion Restriction)).

Preferred Percentage means, at any time of determination, the quotient, expressed as a percentage, of (1) the number of issued and outstanding shares of Voting Stock on an as converted basis (without regard to any Conversion Cutback pursuant to Section 5(c)(1) or Section 5(d)(1) or any limitation on conversion pursuant to Section 6(d)) held by holders of shares of Series A Preferred Stock at such time divided by (2) the total number of issued and outstanding shares of Voting Stock, on an as converted basis (without regard to any Conversion Cutback pursuant to Section 5(c)(1) or Section 5(d)(1) or any limitation on conversion pursuant to Section 6(d)), at such time.

Preferred Percentage means a fraction (expressed as a percentage), the numerator of which is the number of Converted Units and the denominator of which is the number of Total Units.

Examples of Preferred Percentage in a sentence

THAT, in the event Additional Capital Contributions, as defined in the Cannery Casino Resorts, LLC Operating Agreement, are made by the Preferred Members thereof other than pro rata to their respective Preferred Percentage Interests, Cannery Casino Resorts, LLC may, with the prior administrative approval of the Chairman of the Board or his designee, issue additional Preferred Units as prescribed in the Operating Agreement.
Until the occurrence of the Preferred Credit Return Payout, all Company Tax Credits shall be allocated to the Preferred Members in proportion to their respective Preferred Percentage Interests.
For so long as the Preferred Percentage is greater than fifty percent (50%), the Total Number of Directors shall not be increased to greater than nine (9) or decreased, in each case, without the approval of a majority of the Preferred Stock Directors.

More Definitions of Preferred Percentage

Preferred Percentage means, as of the applicable measurement date, a percentage equal to (i) the aggregate number of shares of Common Stock issuable upon the conversion of all of the then-outstanding shares of Convertible Preferred Stock divided by (ii) the sum of (a) the aggregate number of then-outstanding shares of Common Stock plus (b) the aggregate number of shares of Common Stock issuable upon the conversion of all of the then-outstanding shares of Convertible Preferred Stock.

Preferred Percentage means, at any time of determination, the percentage equal to (i) the number of shares of Common Stock issuable upon the conversion of all of the Series A Preferred Shares outstanding at such time of determination (without regard to any restrictions on conversion), plus the number of shares of Common Stock outstanding at such time of determination that were issued pursuant to the conversion of any Series A Preferred Shares, divided by (ii) the number of shares of Common Stock issued and outstanding at such time of determination, plus the number of shares of Common Stock issuable upon conversion of the Series A Preferred outstanding at such time (without regard to any restrictions on conversion).

Preferred Percentage means with respect to each Convertible Preferred Member, an amount equal to the quotient obtained by dividing the number of Convertible Preferred Units owned of record by such Member and each Affiliate of such Member (other than the Company, but including any investment vehicle, trust or other Person directly or indirectly controlled by such Member) by the aggregate number of issued and outstanding Convertible Preferred Units at such time, expressed as a percentage. 7

Preferred Percentage shall equal the Preferred Consideration (as such consideration may be increased in accordance with the terms of the Preferred Letter) divided by the Purchase Price.

Preferred Percentage means one minus the Common/OUS Percentage.

Preferred Percentage means the quotient obtained by dividing the (i) the number of shares of Series A Preferred Stock issued and outstanding on the Closing Date (the “Preferred Share Amount”) by (ii) the number of shares of Common Stock issued and outstanding after giving effect to the deemed exercise of all outstanding Company Options on or prior to the Closing Date and the deemed conversion of all shares of the Series A Preferred Stock outstanding on the Closing Date (the “Total Share Amount”).