Series C Liquidation Value definition

Series C Liquidation Value means, with respect to each Series C Preferred Unit Outstanding as of the date of such determination, an amount equal to the sum of (i) the Series C Issue Price, plus (ii) all Series C Unpaid Cash Distributions and all accrued and unpaid interest thereon (determined in accordance with Section 5.14(b)(ii)(C)) plus, (iii) all accrued but unpaid distributions on such Series C Preferred Unit with respect to the Quarter in which the liquidation occurs.
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Series C Liquidation Value has the meaning set forth in Section 6.05(a).
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Series C Liquidation Value means $3.00 per share, subject to equitable adjustments to reflect stock splits, stock dividends, stock combinations, recapitalizations and like occurrences.
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Examples of Series C Liquidation Value in a sentence

  • The liquidation preference of the Series C Preferred Stock shall be $1,000,000 per share ("Series C Liquidation Value").

  • The liquidation preference of the Series C Preferred Stock shall be $1,000 per share (the "Series C Liquidation Value").

  • At any time on or after July 1, 2020, the Company may redeem the Series C Preferred Shares in whole or in part upon thirty (30) days written notice to the Series C Members for cash at a redemption price equal to the applicable portion of the Series C Liquidation Value calculated as of the closing date for such redemption (the “Company Closing Date”).

  • The LLC shall redeem such Series C Preferred Shares in an amount equal to the applicable portion of the Series C Liquidation Value calculated as of the closing date for such redemption (the “Series C Closing Date”), which date shall be specified by the LLC, but shall in no event be more than 90 days following the date of the delivery of the Series C Election Notice.

  • Payment of the applicable portion of the Series C Liquidation Value shall be fully subordinated to the payment of any indebtedness of the Company for money borrowed, and in such case, the holder shall enter into subordination agreements for the benefit of lenders to the Company with customary terms as reasonably requested by the Company.


More Definitions of Series C Liquidation Value

Series C Liquidation Value means Twenty-Eight Dollars ($28.00), provided if the Corporation at any time subdivides (by any stock split, stock dividend, recapitalization or otherwise) the Series C Preferred into a greater number of shares or if the Corporation at any time combines (by reverse stock split or otherwise) the outstanding shares of the Series C Preferred into a smaller number of shares, then the Series C Liquidation Value in effect immediately prior to such subdivision or combination shall be proportionately adjusted.
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Series C Liquidation Value means the “Liquidation Value”, as such term is defined in the Series C Certificate of Designations.
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Series C Liquidation Value has the meaning set forth in Section 4(b) of the Statement of Designations.
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Series C Liquidation Value means (i) $3.20 per Share if there has been no Favorable CellTech Resolution prior to May 15, 2004; (ii) $2.56 per Share if there has been a Favorable CellTech Resolution prior to November 15, 2003; and (iii) $2.80 per Share if there has not been a Favorable CellTech Resolution prior to November 15, 2003, but there has been a Favorable CellTech Resolution on or after November 15, 2003 and prior to May 15, 2004; in each case as proportionately adjusted for stock splits, stock dividends, stock combinations and other recapitalizations affecting the Series C Preferred.
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Series C Liquidation Value means the greater of (i) $.6547 (as adjusted for stock splits, reverse splits, stock dividends) (other than a Series C PIK Election) and stock combinations, in each case of the Series C Preferred), for each share of Series C Preferred plus all accrued but unpaid dividends on the Series C Preferred or (ii) the per share amount that the holders of Series C Preferred would have received upon liquidation if all shares of Series C Preferred had been converted to Common Stock immediately prior to such liquidation at the Series C Conversion Ratio then in effect, plus all accrued but unpaid dividends on the Series C Preferred.
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Series C Liquidation Value means $10.00 per share.
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Series C Liquidation Value means the sum of the Series C Liquidation Preference and accumulated and unpaid distributions, if any, to, but excluding, the date of the liquidation, dissolution or winding up of the Trust on the Series C Preferred Shares.
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