Not exact matches
In addition to a multiple preference, some preferred
equity structures include participating
provisions whereby preferred shareholders will receive a multiple of the original purchase
price and then participate ratably on an as - converted basis in the remaining proceeds of the liquidity event.
The USDA knew all along that the Paid Meal
Equity provision of the HHFKA would likely drive participation downward, and while the intent is well - meaning (to make sure that reimbursements for low income kids» meals are not unintentionally subsidizing lower
prices for slightly more affluent paying students), no one benefits when fewer kids eat the school lunch.
Notwithstanding any other
provision of this Agreement to the contrary, in no event shall aggregate Buy - Back Payments made to a Retiring
Equity Partner exceed his or her Buy - Back
Price.