Examples of Additional Preferred Units in a sentence
Upon receipt of the Additional Preferred Units Notice for a period of ten (10) Business Days after receiving such notice, the Intrepid Investor may elect to purchase up to three percent (3%) of the number of Preferred Units identified in the Additional Preferred Units Notice by delivering a written notice to the General Partner and the Institutional Investor notifying them of such election and irrevocably committing to purchase an identified number of Preferred Units.
It is understood that any purchase of Additional Units by each Purchaser on a Subsequent Closing Date pursuant to this Section 1.01 shall be made pro rata among the Purchasers in proportion to the maximum amounts listed on Annex I hereto and that such purchase will be comprised of an equal number of Additional Common Units and Additional Preferred Units for that Purchaser.
It is understood and agreed that such number of Put Units indicated in such Purchase Notice will be comprised of equal amounts of Additional Common Units and Additional Preferred Units for each individual Purchaser, and that each Purchaser will be allocated Put Units in accordance with the pro rata allocation provisions described in Section 1.01(b) above.
A flow-through share premium of $21,400 was recognized on this financing.
Such Funding Call shall be irrevocable and delivered to the Purchasers not less than twelve (12) Business Days in advance of the date the Purchasers are requested to purchase the Additional Preferred Units.
Notwithstanding anything to the contrary in this Agreement, in no event shall any Purchaser be required to purchase Additional Preferred Units if the aggregate amount paid by such Purchaser for all Series A Preferred Units purchased by such Purchaser pursuant to this Agreement (taking into account the Additional Preferred Units subject to the pending Funding Call) exceeds or would exceed the sum of such Purchasers’ Commitment Amount.