Convertible Preferred Unit definition

Convertible Preferred Unit means a Unit, issued to PowerSchool, having the rights and obligation specified with respect to a Convertible Preferred Unit in this Agreement.

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Convertible Preferred Unit means a Unit, issued to Maravai Co., having the rights and obligation specified with respect to a Convertible Preferred Unit in this Agreement.

Convertible Preferred Unit means Membership Units that are designated as Convertible Preferred Units. “Conversion Rate” has the meaning set forth in Section 4.07(b).

Examples of Convertible Preferred Unit in a sentence

The Series A-2 Convertible Preferred Units (excluding Series A-2 Convertible Preferred Units issued as Series A PIK Preferred Units) shall be issued by the Partnership pursuant to the terms and conditions of the Series A-2 Convertible Preferred Unit Purchase Agreement between the Partnership and Magnolia Infrastructure Partners, LLC, dated as of March 30, 2015.
As a result, after the issuances and adjustments described above, the Capital Account balances and Units of the Members are: Founder A: $36,863.64 40 Common Units Founder B: $36,863.64 40 Common Units ▇▇▇▇: $18,181.82 20 Common Units Service Provider: $8,090.91 10 Profit Interest Units $100,000 110 Units 1 Consideration will need to be given to Section 4.1 to make certain that it is properly coordinated with respect to particular Convertible Preferred Unit terms.
No fractional Common Units shall be issued upon conversion of the Class A Convertible Preferred Unit.
A Cumulative Class B Convertible Preferred Unit Arrearage shall not bear interest and holders of the Class B Convertible Preferred Units shall not be entitled to any distributions, whether payable in cash, property or Partnership Interests, in excess of the then Cumulative Class B Convertible Preferred Unit Arrearage plus the Minimum Quarterly Class B Convertible Preferred Unit Distribution Rate for such Quarter.
With respect to an Optional Liquidation Preference Event, each holder of Class A Convertible Preferred Units will have the option, in such holder’s sole discretion, to exercise its right to receive, in exchange for any Class A Convertible Preferred Unit, the Class A Preferred Liquidation Preference plus all declared but unpaid Class A Preferred Distributions by delivering written notice to the Partnership of such election.
All transfers of Class C Convertible Preferred Units and Common Units that have resulted from the conversion of a Class C Convertible Preferred Unit pursuant to Section 5.12(b)(vii) will be subject to restrictions and limitations on transfer in accordance with Article IV.
Vestar Refinancing hereby commits to commence the Series B Convertible Preferred Unit Reoffer as soon as reasonably practicable after the date hereof.
All calculations shall be made to the nearest one-thousandth of a Series B Convertible Preferred Unit.
Dividing this $6 by 100 results in a 0.06 interest in a single Series B Convertible Preferred Unit to be distributed to the holder of the Outstanding Unit.
The Liquidation Preference on such Series B Convertible Preferred Unit shall be increased by the amount of such accrual of distribution rights.

More Definitions of Convertible Preferred Unit

Convertible Preferred Unit means Membership Units that are designated as Convertible Preferred Units. “Conversion Rate” has the meaning set forth in Section 4.07(b). “Conversion Date” has the meaning set forth in Section 4.08(a). “Conversion Notice” has the meaning set forth in Section 4.08(b). “Deemed Fair Value” means (i) in the case of a Tag-Along Transfer, the price which, if paid for all of the Company’s assets and liabilities

Convertible Preferred Unit means Membership Units that are designated as Convertible Preferred Units.

Convertible Preferred Unit means a Convertible Preferred Unit of Charter Holdings.

Convertible Preferred Unit has the meaning set forth in Section 3.1(a).