Level 2 Proceeds

Level 2 Proceeds. Means (i) the aggregate Net Proceeds with respect to a Sale of the Company which would make distributions available to the Company's equity holders such that Sentinel would actually receive up to 75% of the aggregate amount Sentinel had invested in the Company as of such Sale of the Company (after taking into account that a portion of such Net Proceeds would be paid to Executive as described in Sections 5(i) and 5(ii) hereof), minus (ii) the Level 1 Proceeds; provided that the Level 2 Proceeds... will in no event be less than zero. View More