Authorized Partnership Interests definition

Authorized Partnership Interests means the sum of (i) 55,448,837 Partnership Interests, (ii) 4,769,231 Partnership Interests, (iii) the number of Ordinary Partnership Interests issuable upon exercise of the warrants issuable to certain Partners or Affiliates thereof and to GTL in connection with the guarantee of the Partnership's obligations under the Globalstar Credit Agreement, (iv) the number of Series A Preferred Partnership Interests issued to GTL in connection with GTL's offering of the Series A Preferred Stock, including as a result of the exercise by the purchasers thereof of the option to purchase additional shares thereof under the purchase agreement relating thereto, (v) the number of Series B Preferred Partnership Interests issuable to GTL in connection with GTL's offering of the Series B Preferred Stock Offering, including as a result of the exercise by the purchasers thereof of the option to purchase additional shares thereof under the purchase agreement relating thereto, (vi) the number of Ordinary Partnership Interests issuable upon conversion or exchange of the Series A Preferred Partnership Interests or Series B Preferred Partnership Interests or in satisfaction of any distribution, make-whole or redemption payment thereon, (vii) the number of Ordinary Partnership Interests issuable upon exercise of the warrants issuable to certain Partners of Globalstar, L.P., Loral/Qualcomm Satellite Services, L.P. or Loral/Qualcomm Partnership, L.P. or Affiliates thereof in connection with the guarantee of the Partnership's obligations under the $500 million credit agreement with Bank of America and the other lenders parties thereto, (viii) the number of Ordinary Partnership Interests issuable upon exercise of the Warrants issuable to Qualxxxx Xxxxxxxxxxxx xxx its Affiliates in connection with up to $500 million of vendor financing provided by Qualxxxx Xxxxxxxxxxxx xx the Partnership, and (ix) the number of Ordinary Partnership Interests or PPIs that may be issued in connection with an offering of common stock, preferred stock OPIs, PPIs, or any other equity interests of GTL or the Partnership, in an aggregate offering amount equal to the difference between 300 million and the gross proceeds of the Series B Preferred Stock Offering including Ordinary Partnership Interests issuable upon conversion or exchange of any PPIs issued in connection with such offering, or in satisfaction of any distribution, distribution make-whole payment, or redemption payment thereon; provided, however, tha...
Sample 1
Authorized Partnership Interests set forth in Section 2.1 shall be deleted and replaced in its entirety with the following:
Sample 1Sample 2
Authorized Partnership Interests means the sum of (i) 55,448,837 Partnership Interests, (ii) 4,769,231 Partnership Interests, (iii) the number of Ordinary Partnership Interests issuable upon exercise of the warrants issuable to certain Partners or Affiliates thereof and to GTL in connection with the guarantee of the Partnership's obligations under the Globalstar Credit Agreement, (iv) the number of Preferred Partnership Interests issuable to GTL in connection with GTL's offering of 8% convertible redeemable preferred stock of GTL due 2011, including as a result of the exercise by the purchasers thereof of the option to purchase additional shares thereof under the purchase agreement relating thereto and (v) the number of Ordinary Partnership Interests issuable upon conversion of the PPIs or in satisfaction of any distribution, make-whole or redemption payment thereon; provided that any greater number of Authorized Partnership Interests may be authorized from time to time with the Consent of the Partners.
Sample 1

More Definitions of Authorized Partnership Interests

Authorized Partnership Interests. Distribution Make-Whole Period;" "GTL Conversion Price;" "GTL Registration Default;" "Mandatory Redemption Date;" "Offering Memorandum;" "Preferred Stock;" "Preferred Stock Effective Date;" "Preferred Stock Schedule;" and "Scheduled Distribution Payment Date."
Sample 1
Authorized Partnership Interests means the sum of (i) 55,448,837 Partnership Interests, (ii) 4,769,231 Partnership Interests and (iii) the number of Ordinary Partnership Interests issuable upon exercise of the warrants issuable to certain Partners or Affiliates thereof and to GTL in connection with the guarantee of the Partnership's obligations under the Globalstar Credit Agreement, provided that any greater number of Authorized Partnership Interests may be authorized from time to time with the Consent of the Partners.
Sample 1

Related to Authorized Partnership Interests

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Membership Interests has the meaning set forth in the recitals.

  • Pledged Partnership Agreements means all of each Grantor’s rights, powers, and remedies under the partnership agreements of each of the Pledged Companies that are partnerships.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • LLC Interests shall have the meaning given to such term in Section 5.1.3.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Company Interests has the meaning set forth in the Recitals.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • General Partner has the meaning set forth in the Preamble.

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Partnership Representative has the meaning set forth in Section 5.2(a).

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Operating Partnership has the meaning set forth in the preamble.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.