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.

  • 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 issued 826,072 Class B Subordinated Interests on July 18, 1997 for $5 per interest for a total of $4,130,360, of which the designee of the Special Beneficiary acquired 822,863 and the Class A Beneficiaries acquired 3,209 of the Class B Subordinated Interests.

  • 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).

  • The Managing Trustee and its Affiliates own in the aggregate 44,164 Class A Interests and acquired 3,140,683 of the 3,142,083 Class B Subordinated Interests issued pursuant to the Class B Offering.

  • 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 Company's 10 1/2% Senior Subordinated Notes due 2009 issued pursuant to the Senior Subordinated Notes Indenture.

  • Existing Senior Subordinated Notes means the 10.875% Senior Subordinated Notes Due 2009 issued by the Company pursuant to the Existing Senior Subordinated Note Indenture.

  • 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 any convertible subordinated notes or debentures issued by the Borrower after the date hereof, which are subordinated to the Obligations on terms no less favorable to the Lenders, in any material respect, than the 4.75% Convertible Subordinated Notes Due 2016 (as those terms were in effect and applied to the 4.75% Convertible Subordinated Notes Due 2016 prior to the repayment thereof in full on June 15, 2016).

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

  • Senior Subordinated Indenture means the Indenture dated as of October 15, 1997 between the Company and State Street Bank and Trust Company, as trustee, as from time to time amended, restated, supplemented or otherwise modified.

  • 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 means the Indenture dated as of May 12, 2009, between the Company and U.S. Bank National Association, as trustee, in respect of the 2020 Senior Subordinated Notes and the 2023 Senior Subordinated Notes, as supplemented and amended from time to time.

  • 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.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • 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, the Senior Subordinated Note Agreement, the Senior Subordinated Note Guarantees and all other documents executed and delivered with respect to the Senior Subordinated Notes or the Senior Subordinated Note Agreement.

  • 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.