Priority Amount

Priority Amount. Shall have the meaning given to such term in the LLC Agreement. If this Warrant were exercised on the Issuance Date, the Priority Amount of each Class A Unit of CAC LLC held by the Holder and used for purposes of paying the Aggregate Exercise Price for such exercise would be $1,000, which is the purchase price paid by the Holder for each such Class A Unit on the Issuance Date. Thereafter, the Priority Amount of each Class A Unit of CAC LLC used by the Holder to pay the Aggregate Exercise Price... in connection with an exercise of this Warrant, and the aggregate Priority Amount of all Class A Units held by the Holder, for purposes of determining the number of Warrant Shares purchasable under this Warrant at the time of such exercise, shall be determined in accordance with the terms of the LLC Agreement, as if a cash distribution on the Class A Units of CAC LLC were being made pursuant to Section 5.4(a) of the LLC Agreement on the date of such exercise. View More