Class I-4 Units definition

Class I-4 Units has the meaning set forth in Section 3.2(a).
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Class I-4 Units means units of Investment’s class of capital interests known as Class I-4 units.
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Examples of Class I-4 Units in a sentence

  • Other than as set forth in the Subscription Agreement with respect to the purchase of Class I-4 Units and in the Bluestone Contribution Agreement with respect to the purchase of the Class I-5 Units, no Member shall have any obligation to make additional Capital Contributions to the Company.

  • Notwithstanding the foregoing, for purposes of calculating the Special Allocation Amount, the Invested Capital Balance applicable to the Class I-1 Units, the Class I-2 Units, the Class I-3 Units, the Class I-4 Units and the Class I-5 Units shall be reduced by the amount of any distributions made to such units pursuant to clauses Second through (and including) Fifth under Section 6.1(b).

  • The amount distributable to holders of Class I Units made pursuant to clauses Fourth and Fifth under Section 6.1(b) will increase by an amount equal to the Special Allocation Rate applied to the Invested Capital Balance with respect to each Unit commencing (x) in the case of Classes I-1, I-2 or I-3, as of the first day immediately following the Effective Date and (y) in the case of Class I-4 Units, as of the date of issuance of such Units (such adjusted amount per Unit, the "Special Allocation Amount").

  • For the avoidance of doubt, in connection with redemptions under Section 7.2, the Performance Fee (if any) shall be payable only with respect to those Class I4 Units actually redeemed.The Performance Fee for Class I4 will equal 20% (unless otherwise set out in the table above) of the increase in the Net Asset Value of Class I4 calculated on the relevant Valuation Day in excess of the Hurdle Rate NAV of Class I4 from the date of issuance of the Class I4 Units to such Valuation Day.

  • Other than as set forth in the Subscription Agreement with respect to the purchase of Class I-4 Units, no Member shall have any obligation to make additional Capital Contributions to the Company.

Related to Class I-4 Units

  • Class I Shares means Class I Shares in the Company as set forth in the relevant

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

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

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

  • Class B Units means the Class B Units of the Company.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

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

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class I X" on the face thereof in substantially the form attached hereto as Exhibit A.

  • 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 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 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.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class C Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class A has the meaning set forth in Section 5.1.C.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto 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 one year.

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

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

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • 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 II means the class of directors of the Board of Directors with a term expiring at the annual meeting of stockholders of the Company in 2001 and every third annual meeting thereafter.

  • Class B-1 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).

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

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • 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.