Accreted Preference Amount

Accreted Preference Amount. Shall mean, with respect to each share of Series A Preferred Stock, an amount equal to the sum of (a) the Initial Preference Amount with respect to such share of Series A Preferred Stock plus (b) an amount equal to a 6.0% per annum return on such Initial Preference Amount, compounding quarterly on March 31, June 30, September 30 and December 31 of each year, commencing on March 31, 2022, which amount shall accumulate and accrue on a day-to-day basis from the Initial Issue Date until the... applicable date of distribution pursuant to Section 3(a)(ii). View More