senior 2x participating liquidation preference

Russian translation: см. ниже

16:39 Sep 25, 2019
English to Russian translations [PRO]
Law: Contract(s)
English term or phrase: senior 2x participating liquidation preference
Liquidation Preference
The Series D-1 shall confer a senior 2x participating liquidation preference i.e., the holders of Series D-1 Shares will first be paid an amount equal to two times the original issue price of each Series D-1 Share, plus an amount equal to the unpaid dividends on each Series D-1 Share; thereafter, the Series D-1 Preferred Shares will participate with the Ordinary Shares in any distribution to Ordinary Shares on a pro rata and as-converted basis. The foregoing notwithstanding, in the event that proceeds in Deemed Liquidation Event due and payable in respect of Series D-1 Shares would provide a payment per share which is equal or greater than 3x the original issue price (the "Minimum Multiple"), the Series D-1 shall confer the higher of the Minimum Multiple or payout on an as-converted to ordinary basis.
Николай
Russian Federation
Local time: 22:52
Russian translation:см. ниже
Explanation:
первоочередная двукратная ликвидационная привилегия в отношении участвующих привилегированных акций
Selected response from:

Vladimir Pochinov
Russian Federation
Local time: 21:52
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1см. ниже
Vladimir Pochinov


  

Answers


31 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
см. ниже


Explanation:
первоочередная двукратная ликвидационная привилегия в отношении участвующих привилегированных акций


    Reference: http://startupjurist.com/liquidation-preference/
    Reference: http://ecsocman.hse.ru/data/519/949/1219/kons17_2006_finansy...
Vladimir Pochinov
Russian Federation
Local time: 21:52
Specializes in field
Native speaker of: Native in RussianRussian
PRO pts in category: 210

Peer comments on this answer (and responses from the answerer)
agree  Alexander Gulevskiy
1 day 2 hrs
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