Preferred Preference definition

Preferred Preference means the sum of (i) the Series A Preference, (ii) the Series B Preference, (iii) the Series C Preference, (iv) the Series D Preference and (v) the Series E Preference.

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Preferred Preference means that amount equal to the sum of the Preferred Preference Per Share for all shares of Company Preferred Stock (including any rights convertible into, or exercisable or exchangeable for, shares of Company Preferred Stock on an as-converted, exercised, or exchanged basis) issued and outstanding immediately prior to the Effective Time, rounded to the nearest one hundredth (0.01) (with amounts 0.005 and above rounded up).

Preferred Preference shall be an amount equal to $4.50 plus any declared but unpaid dividends with respect to each share of Company Preferred Stock issued and outstanding immediately prior to the Effective Time.

Examples of Preferred Preference in a sentence

• After the prior payment in full of the Preferred Preference Amount in connection with a Liquidation Event, the remaining assets and funds of the Company available for distribution to its members, if any, shall be distributed among the Common Members in accordance with their Percentage Interest.

• If the amounts available for distribution by the Company to Preferred Members upon a Liquidation Event are not sufficient to pay the aggregate Preferred Preference Amount due to such Preferred Members, such Preferred Members shall share ratably in any distribution in connection with such Liquidation Event in proportion to the full respective preferential amounts to which they are entitled.

• The Preferred Preference shall be paid to the holders of Preferred Units simultaneously with or prior to the final liquidating distribution paid to the holders of Common Units; provided, however, that no final liquidating distribution may be paid to the holders of Common Units at any time when the full Preferred Preference shall not have been paid to the holders of the Preferred Units.

• The “Accreted Floor Price” as of any date will equal the sum of the Series A Exchangeable Preferred Preference, the Series B Exchangeable Preferred Preference, and, for any Additional Tranche, the exchangeable preferred preference for the related Preferred Units (each as defined in the Newmark LPA) calculated as of the relevant Early Termination Date or date of termination.

• The Preferred Preference Satisfaction will be paid to each participating holder on a pro-rata basis based on a fraction expressed as a percentage equal to (i) the number of shares of Company Preferred Stock held immediately before Closing, divided by (ii) the aggregate number of shares of Company Preferred Stock issued an outstanding immediately before Closing.

More Definitions of Preferred Preference

Preferred Preference means that amount of money equal to the number of shares of Outstanding Preferred multiplied by twenty-five cents ($.25).

Preferred Preference means the sum of (a) the Series A Preference multiplied by the aggregate number of shares of Series A Preferred Stock

Preferred Preference has the meaning assigned to it in Section 4.3.1.

Preferred Preference means $1,513,032.40.

Preferred Preference. Section 2.1.4.13 “Pro Rata Share” Section 2.1.4.14 “Receiving Party” Section 8.6.1 “Regulatory Condition” Section 7.1.2 “Related Party” Section 3.23 “Releases” Section 6.2.6.2 “Required Stockholder Vote” Section 3.24

Preferred Preference means the sum of (a) the Series A Preference multiplied by the aggregate number of shares of Series A Preferred Stock outstanding immediately prior to the Effective Time of the Merger, (b) the Series B Preference multiplied by the aggregate number of shares of Series B Preferred Stock outstanding immediately prior to the Effective Time of the Merger, (c) the Series C Preference multiplied by the aggregate number of shares of Series C Preferred Stock outstanding immediately prior to the Effective Time of the Merger and (d) the Series D Preference multiplied by the aggregate number of shares of Series D Preferred Stock outstanding immediately prior to the Effective Time of the Merger. For purposes of this definition, it is assumed that any shares of Company Preferred Stock that are converted into shares of Company Common Stock in connection with the Closing are converted prior to calculating the Preferred Preference.

Preferred Preference means that amount, calculated as of the Closing, equal to the sum of (a) the Series A Preferred Preference and (b) the Series B Preferred Preference.