Class B Subordinated Interests definition

Class B Subordinated Interests or "Class B Interests" means the beneficial interests created pursuant to this Agreement owned by Class B Beneficiaries.

Examples of Class B Subordinated Interests in a sentence

  • I enclose a check or money order for the Subscription Price for the number of Class B Subordinated Interests indicated in A plus the Subscription Price for the number of Class B Subordinated Interests indicated in B.

  • I hereby irrevocably subscribe for the dollar amount of Class B Subordinated Interests indicated in A and B below upon the terms and conditions specified in the Prospectus related hereto, receipt of which is acknowledged.

  • Please Note: Minimum subscription is the lesser of (a) the amount of Class B Subordinated Interests which the Rights Holder is permitted to acquire, which is equal to the number of Rights set forth on the reverse side of this Certificate, or (b) 400 Class B Subordinated Interests ($2,000) for IRAs or other Qualified Plans or (c) 1,000 Class B Subordinated Interests ($5,000) for all other subscribers (with a higher minimum purchase in certain states).

  • The Trust issued 1,000,961 Class B Subordinated Interests on July 18, 1997 for $5 per interest for a total of $5,004,805, of which the designee of the Special Beneficiary acquired 997,373 and the Class A Beneficiaries acquired 3,588 of the Class B Subordinated Interests.

  • Seller has not received written notice of any pending condemnation or eminent domain proceedings affecting the Real Property or Option Property or any part thereof.

  • Please Note: Minimum subscription is the lesser of (a) the amount of Class B Subordinated Interests which the Rights Holder is permitted to acquire, which is equal to the number of Rights set forth on the reverse side of this ertificate, or (b) 400 Class B Subordinated Interests ($2,000) for IRAs or other Qualified Plans or (c) 1,000 Class B Subordinated Interests ($5,000) for all other subscribers (with a higher minimum purchase in certain states).

  • Basic ________________________ X $5.00 = $_______________ Subscription (Class B Subordinated Interests (Subscription Price) (Amount Required) Rights Subscribed For) |_| B.

  • The Trust issued 3,142,083 Class B Subordinated Interests (the "Class B Interests") at the closing of the Class B Offering on July 18, 1997 for which it received total proceeds of $15,710,415.

  • The Trust has obtained funds for the purchase of the Class A Interests pursuant to this Offer from the offering of 1,000,961 Class B Subordinated Interests in the Trust (the "Class B Offering") pursuant to the prospectus dated June 10, 1997 as supplemented (as so supplemented, the "Prospectus").

  • The Trust issued 3,024,740 Class B Subordinated Interests (the "Class B Interests") at the closing of the Class B Offering on July 18, 1997 for which it received total proceeds of $6,938,00015,123,700.

Related to Class B Subordinated Interests

  • 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.

  • Junior Subordinated Notes means the $__________ aggregate principal amount of the Depositor's Series __ ____% Junior Subordinated Notes due ____ __, ____, issued pursuant to the Subordinated Indenture.

  • Existing Subordinated Notes means any instrument or loan issued or incurred before 1 January 2013, whether publicly or privately placed, ranking or expressed to be ranking pari passu with all other subordinated obligations (except for those subordinated obligations expressed by their terms to rank junior), provided that should any such Existing Subordinated Notes be amended in any way (contractually or by statute) which would result in allowing the Issuer to issue subordinated notes ranking senior thereto, then such Subordinated Notes would be deemed to no longer constitute an Existing Subordinated Note. As a result, in the event of liquidation or bankruptcy of the Issuer or in the event of a Moratorium (as defined in Condition 3 of the Conditions of the Notes) with respect to the Issuer, the claims of the holders of the Subordinated Notes ("Subordinated Noteholders") against the Issuer will be:

  • Final Subordinated Units has the meaning assigned to such term in Section 6.1(d)(x).

  • Senior Subordinated Notes means the Borrower’s 9.75% Senior Subordinated Notes due 2014, in an original aggregate principal amount of $225,000,000.

  • Existing Senior Subordinated Notes means the Issuer’s 10 1⁄8% Senior Subordinated Notes due 2016 issued pursuant to the Indenture dated as of December 1, 2006, among the Issuer, the Guarantors listed therein and The Bank of New York Mellon as Trustee.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • Convertible Subordinated Notes means the Company's 7% Convertible Subordinated Notes issued pursuant to an indenture dated as of June 12, 1996, between the Company and The Chase Manhattan Bank (formerly known as Chemical Bank), as trustee.

  • Class B Interests As set forth in the Trust Agreement.

  • Senior Subordinated Indenture means the Indenture, dated as of August 30, 2007, among the Company, the subsidiary guarantors party thereto from time to time and Xxxxx Fargo Bank, National Association, as trustee, governing the 13.5% Senior Subordinated Notes due 2015 of the Company, as the same may be amended, supplemented, waived or otherwise modified from time to time.

  • 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.

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

  • Senior Subordinated Note Indenture the Indenture entered into by the Borrower and certain of its Subsidiaries in connection with the issuance of the Senior Subordinated Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 7.9.

  • 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 R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Class LB Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class LE Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Junior Subordinate Certificates The Class B-4, Class B-5 and Class B-6 Certificates.

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

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Senior Subordinated Note Documents means the Senior Subordinated Notes Indenture and all other instruments, agreements and other documents evidencing the Senior Subordinated Notes or providing for any guarantee or other right in respect thereof.

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Junior Subordinated Debt means (a) subordinated junior deferrable interest debentures of the Borrower, (b) the related preferred securities, if applicable, of Subsidiaries of the Borrower and (c) the related subordinated guarantees, if applicable, of the Borrower, in each case, from time to time outstanding.

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

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.