Adjusted Outstanding Amount

Adjusted Outstanding Amount. Means fifty percent (50%) of the sum of (a) the amount that equals the product of the total number of shares of Series A-1 Preferred Stock outstanding as of the Type II Redemption Event Date multiplied by the Liquidation Value per share of such Series A-1 Preferred Stock, plus (b) the amount that equals the product of the total number of shares of Series A-2 Preferred Stock (as defined in the Series A-2 Certificate of Designation) outstanding as of the Type II Redemption Event Date multiplied... by the Liquidation Value (as defined in the Series A-2 Certificate of Designation) per share of such Series A-2 Preferred Stock, plus (c) the principal amount of the Convertible Note outstanding as of the Type II Redemption Event Date, plus (d) the principal amount of each Promissory Note (as such term is defined in the Purchase Agreement) outstanding as of the Type II Redemption Event Date. View More