Liquidation Premium

Liquidation Premium. Upon an Initial Listing or REIT Change of Control and in accordance with the time lapsed since the First Issuance Date, the Liquidation Amount (subject to proportionate adjustment in the event of a unit split, unit distribution, combination or other proportionate reduction or increase to the Series A Preferred Units) multiplied by: Anniversary of First Issuance Date Premium First Issuance Date – 1st Anniversary 10% 1st Anniversary – 2nd Anniversary 8% 2nd Anniversary – 3rd Anniversary 6% 3rd... Anniversary – 4th Anniversary 4% 4th Anniversary – 5th Anniversary 2% 5th Anniversary – thereafter 0% View More