Class A Preferred Interest definition

Class A Preferred Interest is defined in Section 2.2(e).
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Class A Preferred Interest means an interest in the Company that represents a "Class A Preferred" limited liability company interest having the designations, powers, preferences and rights, and the qualifications, limitations and restrictions specified for Class A Preferred Interests in Article IV.
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Class A Preferred Interest is defined in Section 2.2(f). *** Certain confidential portions of this exhibit were omitted by means of redacting a portion of the text. Copies of the exhibit containing the redacted portions have been filed separately with the Securities and Exchange Commission subject to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act.
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Examples of Class A Preferred Interest in a sentence

  • In the case of any distribution made at the maturity of a Class A Preferred Interest in accordance with Section 8.06, Net Income or Net Loss (or items of profit, income, gain, loss, deduction and expense) for the taxable period of the Partnership in which such distribution is made shall be allocated so that the Capital Account of each holder of such Class A Preferred Interest shall, as of the date of distribution, equal the amount to be distributed to such holder pursuant to Section 8.06.

  • Subject to preferential liquidation rights of the holders of Class A Preferred Interest as provided in the Agreement of the Cooperative, Units of Class B Common Interest shall be entitled to distributions of residual proceeds resulting from a Liquidation Event on a pari passu basis with all Class C Common Interest.

  • Units of Class A Preferred Interest shall have a preference to distributions of residual proceeds in a Liquidation Event (as defined below) relative to Units of Class B and Class C Common Interest.

  • To the extent permitted under ULCAA, for so long as the Units of Class A Preferred Interest are outstanding, they shall be entitled to receive non-cumulative annual profit allocations equal to 25% of the annual net Profit or Loss of the Cooperative available therefor, allocated among Investor-Members on a pro rata, pari passu basis.

  • Gas is hereby issued a Class A Preferred Interest in the Company as provided in the Asset Purchase Agreement and Country Gas is admitted as a Class A Preferred Member of the Company, with all of the rights and obligations assigned to a Class A Preferred Member pursuant to, and subject to all provisions and limitations set forth in, the LLC Agreement.

  • Holdings, as the Voting Member Majority, desires to amend certain provisions of the LLC Agreement on and subject to the terms hereof, to reflect the issuance of a Class A Preferred Interest in the Company to each of Domex, Investors 300 and L&L Leasing pursuant to that certain Asset Purchase Agreement, dated September 8, 2000 among the Company, Domex, Investors, L&L Leasing, Xxxxx Xxxxx, Xxxxx Xxxx, Xxxx X.

  • In the Capital Projects Fund, revenue was from interest income and expenses consisted of $500.00 for audit.

  • Upon full satisfaction of the terms of these Bylaws and that certain Class A Preferred Interest Purchase Agreement and Unit-Holder Agreement, the Class A Member’s Preferred Interest shall automatically revert back to the Cooperative and his/her/its interest shall be re-allocated pursuant to Article VIII hereof.

  • KCEP's Class A Preferred Interest will be convertible into, or exchanged for, Senior Subordinated Units (the "Senior Units") of a master limited partnership ("MLP") that is the subject of an MLP Offering, which conversion or exchange (the "Conversion") shall occur upon closing of such MLP Offering.

  • Units of Class A Preferred Interest shall have no voting rights, except as required by law.


More Definitions of Class A Preferred Interest

Class A Preferred Interest means any Interest designated as such on Schedule A attached hereto.
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Related to Class A Preferred Interest

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • 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.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class B Preferred Stock means the Class B preferred stock, nominal value $1,000, of the Company.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A Share means a Class A ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v), (a)(vi) and (a)(vii), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Class C Shares means shares of the Class C Common Stock.

  • Class C Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class C Distributable Interest Rate on a notional amount equal to the aggregate principal balance of the Lower Tier REMIC Regular Interests immediately prior to such Distribution Date, plus the interest portion of any previous distributions on such Class that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class C Certificates.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.