Preferred Interests. To the extent a Put Participant holds both Preferred Interests and Common Interests, the Interests Put or Called for such Put Participant shall initially be Common Interests received upon conversion of Preferred Interests held by such Put Participant and its affiliates, and after such Put Participant and its affiliates no longer hold any Preferred Interests, Common Interests.
Preferred Interests. After the date hereof, the General Partner is hereby authorized, by resolution or resolutions, to issue additional Series A Preferred Interests, and to create and issue other classes and series of Preferred Interests. With respect to such other classes and series of Preferred Interests, the General Partner is hereby authorized to create and authorize for issuance any such Preferred Interests in any class or series by amending this Agreement (without the vote of any Limited Partners except as expressly provided in Section 5.3, notwithstanding anything to the contrary in Section 14.5) to reflect such creation and authorization, and to establish the Preferred Interests to be included in each such class or series, and to fix the relative rights, obligations, preferences and limitations of the Preferred Interests of each such class or series. Subject to the terms of this Agreement, the Partnership is authorized to issue Preferred Interests to any Person at such price per Preferred Interest as may be determined by the General Partner and in exchange for contributions of cash or property, the provision of services or such other consideration as may be determined by the General Partner.
Preferred Interests. 31 4.3 Class A Common Interests.................................................... 33 4.4 Class B Common Interests ................................................... 34 4.5 Priority of Payments Upon Liquidation; Certain Restrictions ................ 35 4.6
Preferred Interests. On or before the Closing Date, Parent Guarantor shall have issued the Preferred Interests in accordance with the terms of the Restructuring Support Agreement and the documents contemplated thereby;
Preferred Interests. So long as the Class A Preference Amount has not been paid in full to the Class A Preferred Member, no change, modification, or amendment of this Agreement which affects the rights or preferences of the Class A Preferred Shares or any other term hereof applicable to the Class A Preferred Member shall be valid unless such change, modification or amendment shall be in writing signed by the Class A Preferred Member. So long as the Class B Preference Amount has not been paid in full to the Class B Preferred Member, no change, modification, or amendment of this Agreement which affects the rights or preferences of the Class B Preferred Shares or any other term hereof applicable to the Class B Preferred Member shall be valid unless such change, modification or amendment shall be in writing signed by the Class B Preferred Member.
Preferred Interests. (a) Each Member holding a Preferred Interest shall be entitled to receive the Preferred Return with respect thereto.
Preferred Interests. The sale of the preferred equity interests listed in SCHEDULE 4.1.3 in Aero shall have been consummated and the consideration therefor shall have been fully paid.
Preferred Interests. On the Effective Date, each holder of an Allowed Preferred Stock Interest will be entitled to receive, in full and final satisfaction of such Allowed Preferred Stock Interest, its pro rata share (based on the total amount of Allowed Preferred Stock Interests) of the Preferred Stock Cash Distribution; provided, however, that if the Unsecured Note Claims, the Convertible Note Claims or the Preferred Stock Interests is a Rejecting Class, then the Preferred Holders will not receive or retain any value under the Plan and the Cash to be distributed pursuant to the Preferred Stock Cash Distribution will remain property of the Company and will vest in the Reorganized Company on the Effective Date. Impaired – Entitled to Vote
Preferred Interests. The Common Members may designate one or more series of preferred membership interests that have the rights and interests as designated in a schedule to this Operating Agreement. Preferred Members must sign a joinder to this Operating Agreement and become Members hereunder. Preferred Members are subject to the limitations on transfer of their preferred membership interests in the same manner as Common Members, but do not participate in economic benefits of ownership unless such interest has been converted into Common Units, if such interest has a conversion feature.
Preferred Interests. (a) The authorized number of Preferred Interests shall be unlimited. Any Preferred Interests that are redeemed, purchased or otherwise acquired by the Partnership shall be cancelled.
