Preference Amount

Preference Amount. Shall mean any interest on or principal of the Class A Notes which has become Due for Payment, the Nonpayment of which would have been covered by the Policy, and which was made to a Holder by or on behalf of the Issuer which has been deemed a preferential transfer and recoverable, or theretofore recovered, from its Holder pursuant to the Bankruptcy Code in accordance with a final, nonappealable order of a court of competent jurisdiction; provided that any Preference Amount that constitutes... interest shall be limited to the amount of interest on the outstanding principal amount of the Class A Notes (calculated at the Interest Rate for the relevant class of Class A Notes) accrued as of the last day of the applicable interest accrual period with respect to the Class A Notes and shall not, in any event, include any interest on the Class A Notes accrued after such date or any interest on such interest amount; provided, further, that in no event shall Ambac be obligated to make any payment in respect to any Preference Amount to the extent that such payment, when added to all prior payments of Policy Claim Amounts, would exceed the Maximum Insured Amount. View More

Preference Amount. With respect to each share of Preferred Stock the sum of (i) $1,000.00 plus (ii) all accrued and unpaid dividends on such share.

Preference Amount. Means, with respect to an Outstanding Preferred Share, the sum of $0.3335 (as appropriately adjusted for any stock split, dividend, combination or other recapitalization) plus the accrued but unpaid dividends payable with respect to such share, unless the right to receive such dividends has been waived, as of immediately prior to the Closing, pursuant to, Chameleon's certificate of incorporation in effect immediately prior to the Closing.

Preference Amount. Means any amount previously paid in respect of the Class M Certificates that is recoverable and sought to be recovered as avoidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C. ), as amended from time to time, in accordance with a final, non-appealable order of a court of competent jurisdiction.

Preference Amount. With respect to each share of Preferred Stock the sum of (i) $1,036.14 plus (ii) all accrued and unpaid ---- dividends on such share; provided, however, that the Preference Amount of each -------- ------- share of Preferred Stock shall be reduced by the Net Sale Proceeds realized in respect of property distributed in Section 355 Distributions in respect of such share of Preferred Stock (a) for all purposes of Sections 3.1, 4 and... 7 of this Certificate of Designation and (b) solely for purposes of calculating the accrued and unpaid dividends on such share of Preferred Stock (but, for the avoidance of doubt, in no event for purposes of otherwise determining the Preference Amount thereof), for purposes of the provisions of Section 6 of this Certificate of Designation. -14- View More