Proportionate Amount. The Liquidation Preference with respect to each fractional share of Series C Preferred Stock outstanding shall be equal to a ratably proportionate amount of the Liquidation Preference with respect to each outstanding share of Series C Preferred Stock.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Tribune Co), Securities Purchase Agreement (Softkey International Inc)
Proportionate Amount. The Liquidation Preference Amount with respect to each fractional share of Series C A Preferred Stock outstanding shall be equal to a ratably proportionate amount of the Liquidation Preference Amount with respect to each outstanding share of Series C A Preferred Stock.
Appears in 1 contract