Redistributed Amount definition
Examples of Redistributed Amount in a sentence
Each holder of Common Shares (each a "Common Stockholder") will cease to have any rights with respect to the Common Shares, except the right to receive (i) the Per Share Earn-Out Amounts, if any, for each Common Share held by such Common Stockholder, upon the surrender of the certificate(s) representing the Common Shares (the "Common Certificates") in accordance with Section 1.10, and (ii) a portion of the Redistributed Amount, if any, pursuant to Section 1.9.5(ii).
Each holder of Series E Shares (each a "Series E Stockholder") will cease to have any rights with respect to the Series E Shares, except the right to receive the Series E Preference Amount, the Per Share Earn-Out Amounts, if any, and a portion of the Redistributed Amount, if any, for each Series E Share held by such Series E Stockholder, upon the surrender of the certificate(s) representing the Series E Shares (the "Series E Certificates") in accordance with Section 1.10.
The Security Agent shall not be obliged to pay any Redistributed Amount to a Recovering Creditor under paragraph (a)(i) above until it has been able to establish to its satisfaction that it has actually received that Redistributed Amount from the relevant Sharing Creditor.
In the event that that there is one or more Unpaid Participants, Parent shall redistribute to the Earn-Out Participants, other than the Unpaid Participants, the aggregate First Participant Earn-Out Amounts and Second Participant Earn-Out Amounts calculated for such Unpaid Participants, without deducting the exercise price of such Unpaid Participants' terminated Company Options or Company Warrants, as applicable (the "Redistributed Amount").
Each Earn-Out Participant, other than the Unpaid Participants, shall receive a portion of the Redistributed Amount equal to the Per Share Redistribution Amount multiplied by the number of Common Equivalents held, or deemed to be held, by each such Earn-Out Participant as of the end of the Second Earn-Out Period.