Series A-1 Preferred Units definition

Series A-1 Preferred Units has the meaning set forth therefor in Section 18.2 hereof.

Series A-1 Preferred Units means the Series A-1 Preferred Units of the Company.

Series A-1 Preferred Units is hereby established. The number of authorized Series A-1 Preferred Units shall be 455,476. Notwithstanding anything to the contrary in this Agreement, the Series A-1 Preferred Units shall be pari passu with the Preferred Units with respect to distributions and allocations.

Examples of Series A-1 Preferred Units in a sentence

• No funds the Investor used or will use for the purchase of Series A-1 Preferred Units either now or for any future capital contributions, if any, were, and are not directly or indirectly derived from, activities that contravene U.S. federal, state, local, or international laws and regulations applicable to the Investor, including U.S. anti-money laundering laws and regulations.

• The Investor understands that the Investor has no right to require the Partnership to register the further resale of the Investor’s Series A-1 Preferred Units under federal or state securities laws at any time.

• The Series A-1 Preferred Units, when issued in accordance with the terms of this Agreement, for the consideration expressed herein, will be duly and validly issued, fully paid, and non-assessable.

• The Investor is in such a financial condition that it has no need for liquidity with respect to the Series A-1 Preferred Units and no need to dispose of any portion of the Series A-1 Preferred Units acquired hereby to satisfy any existing or contemplated undertaking or indebtedness.

• Based on such information and analysis, the Investor has been able to make an informed decision to enter into this Agreement and acquire the Series A-1 Preferred Units.

More Definitions of Series A-1 Preferred Units

Series A-1 Preferred Units means those Series A-1 Preferred Units representing preferred limited partnership interests in the Partnership which are held by the Initial Holders as of the date hereof and are set forth on Exhibit A hereto.

Series A-1 Preferred Units means a class of preferred units in Reorganized Holdings with a first priority liquidation preference equal to the amount of DIP Loan obligations actually funded by the DIP Lenders, which shall accrue a quarterly dividend preference return of 12% per annum.

Series A-1 Preferred Units means Series A-1 Cumulative Convertible Preferred Partnership Units of the Partnership.

Series A-1 Preferred Units shall have the meaning set forth in the Recitals hereof.

Series A-1 Preferred Units means the Series A-1 Preferred Units of the Company. “Series A-2 Preferred Units” means the Series A-2 Preferred Units of the Company.

Series A-1 Preferred Units means the Units of limited liability company interest in the Company designated as the “Series A-1 Preferred Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

Series A-1 Preferred Units. As of the date of this Agreement, each Member holds the number of Series A-1 Preferred Units set forth opposite such Member’s name on Exhibit A hereto. The Series A-1 Preferred Units shall have all the rights, privileges, preferences, and obligations as are specifically provided for in the applicable Certificate of Designations. Notwithstanding anything contained herein to the contrary, the Series A Preferred Units shall not be entitled to vote on any matters or receive any to any dividends or distributions, except as set forth in the applicable Certificate of Designations.