Participation Amount

Participation Amount. Means (i) upon the occurrence of any Liquidity Event prior to the Maturity Date, the proceeds of which are received directly by the Company, an amount equal to 30% of the amount by which Net Liquidation Proceeds exceed the Threshold Amount, (ii) upon the occurrence of any Liquidity Event prior to the Maturity Date, the proceeds of which are received directly by Borrower, an amount equal to the amount by which Net Liquidation Proceeds exceed the Threshold Amount, and (iii) in connection with the... repayment of the Debt at maturity, an amount equal to 30% of the amount by which the Appraised Net Asset Value exceeds the Threshold Amount as of the Maturity Date, less any amounts previously paid by Borrower to Lender in connection with a Liquidity Event. View More

Participation Amount. In respect of an Option at any time means the right to purchase pursuant to such Option a number of shares of the Applicable Class equal to the lesser of (i) the Payment Percentage (which, for purposes of calculating the Event Unvested Number in connection with a Dividend Event, shall be deemed to equal one hundred percent (100%)) multiplied by the aggregate number of shares of the Applicable Class which would be issuable upon exercise of such Option in full, assuming that such Option were... fully vested and exercisable at such time, and (ii) the number of shares of the Applicable Class which, immediately prior to consummation of such Redemption Event or Dividend Event, the Participant holding such Option is entitled to purchase pursuant to the vested portion of such Option (assuming for such purposes that such vested portion is then exercisable). View More

Participation Amount. The amount described in Schedule ONE with respect to each Lender.

Participation Amount. Represents the Participant's Percentage of the Purchase Price PLUS any pro-rata share of Upfront Commission due to a Sales Partner where applicable, as set forth in a fully executed Offer