Available Proceeds

Available Proceeds. The sum of (i) twelve percent (12%) multiplied by the lesser of (A) the portion of the Change in Control Consideration that exceeds the Invested Amount or (B) $200 million minus the Invested Amount, and (ii) fifteen percent (15%) of the portion of the Change in Control Consideration that exceeds $200 million.

Available Proceeds. All cash and cash equivalents of the Corporation legally available for distribution to its stockholders in accordance with Delaware law, less the amount of any cash reserves that is necessary or appropriate in the reasonable discretion of the Corporation's Chief Executive Officer or Chief Financial Officer to comply with applicable law or the Senior Loan Documentation or any other loan agreement, security agreement, mortgage, debt instrument or other agreement or obligation to which the... Corporation or any of its Subsidiaries is a party of by which it is bound or its assets are subject. View More