Junior Common Units definition

Junior Common Units means the Class A Common Units and any other Partnership Units representing any class or series of Partnership Interest ranking, as to distributions and voluntary or involuntary liquidation, dissolution or winding up of the Partnership, junior to the Class B Common Units.
Sample 1Sample 2Sample 3
Junior Common Units has the meaning assigned to such term in the Existing LLC Agreement.
Sample 1
Junior Common Units means the junior common units of the Partnership having the rights and preferences set forth in this Agreement.
Sample 1

Examples of Junior Common Units in a sentence

  • The foregoing sentence will not prohibit (a) distributions payable solely in such Junior Common Units, or (b) the exchange of such Junior Common Units into Partnership Interests of the Partnership ranking junior to the Class B Common Units as to distributions and upon voluntary and involuntary liquidation, dissolution or winding up of the Partnership.

  • If the Company in any manner subdivides or combines the outstanding units of one class of Junior Common Units, the outstanding units of the other class of Junior Common Units shall be proportionately subdivided or combined in a similar manner.

  • Mitek will not credit the Distributor for any product pricing changes or special discounts at any time.

  • Junior Preferred Units: 175,234.4 $1,752,344 Junior Common Units: 1,607.7 $16,077 All such Transfers of Common Preferred Units and Junior Common Units shall be made by CSX and Vectura/399 Venture on a PRO RATA basis in accordance with the number of Junior Preferred Units and Junior Common Units to be sold by CSX and Vectura/399 Venture.

  • Upon the occurrence of an Initial Public Offering, a number of unvested Vesting Junior Preferred Units equal to the lesser of 20% of all Vesting Junior Preferred Units or the number of all Unvested Junior Preferred Units and a number of unvested Vesting Junior Common Units equal to the lesser of 20% of all Vesting Junior Common Units or the number of all unvested Junior Common Units shall become vested at the time of such event.

  • Any cash remaining after making the distributions contemplated by the preceding clauses of this Section 4.1(c) shall be retained by the Partnership, or, in the good faith discretion of the General Partner, distributed in whole or in part to the holders of Regular Units and Junior Common Units pro rata in proportion to their Units.

  • Algorithmic decidability L ∈ LLOn the other hand, let us assume that consists of the words on which T stops.

  • In exchange for their respective Capital Contributions, the Raytheon Member (in addition to receiving the cash distribution described in the preceding sentence) and RAH, shall receive and shall be deemed to own the number of Preferred Units, Senior Common Units and Junior Common Units set forth opposite such Member's name on SCHEDULE A.

  • Any Net Loss in excess of the limitation contained in this Section 6.2(e) shall be allocated PRO RATA to the holders of Junior Common Units.

  • As of the date hereof, the authorized membership interests of the Company consists of (i) 100,000 Preferred Units, none of which are issued and outstanding; (ii) 200,000 Class A Senior Common Units, 66,969.34 of which are issued and outstanding; (iii) 25,000 Class B Senior Common Units, 9,090 of which are issued and outstanding; and (iv) 10,400 Junior Common Units, all of which are issued and outstanding (as such terms are defined in the Company LLC Agreement).

Related to Junior Common Units

  • Junior Units means Common Units and any other equity securities that the Partnership may issue in the future ranking, as to the payment of distributions, junior to the Series A Preferred Units.

  • Common Units is defined in the Partnership Agreement.

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

  • 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.

  • Initial Common Units means the Common Units sold in the Initial Offering.

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

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

  • 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”.

  • Junior Shares means the Common Shares, the Series 1998 Junior Participating Preferred Shares and any other class or series of shares of beneficial interest of the Company now or hereafter issued and outstanding over which the Series E Preferred Shares have preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Company.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • 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.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • 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.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • 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.

  • Junior Capital collectively, any Indebtedness of any Parent or the Borrower that (a) is not secured by any asset of the Borrower or any Restricted Subsidiary, (b) is expressly subordinated to the prior payment in full of the Loans on terms consistent with those for senior subordinated high yield debt securities issued by U.S. companies sponsored by either of the Sponsors (as determined in good faith by the Borrower, which determination shall be conclusive), (c) has a final maturity date that is not earlier than, and provides for no scheduled payments of principal prior to, the date that is 91 days after the Initial Term Loan Maturity Date (other than through conversion or exchange of any such Indebtedness for Capital Stock (other than Disqualified Stock) of the Borrower, Capital Stock of any Parent or any other Junior Capital), (d) has no mandatory redemption or prepayment obligations other than (x) obligations that are subject to the prior payment in full in cash of the Loans or (y) pursuant to an escrow or similar arrangement with respect to the proceeds of such Junior Capital and (e) does not require the payment of cash interest until the date that is 91 days following the Initial Term Loan Maturity Date.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class V Common Stock means the Class V common stock, par value $0.0001 per share, of the Corporation.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

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

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

  • Junior Stock means the Corporation’s common stock and any other class or series of stock of the Corporation hereafter authorized over which Series I Preferred Stock has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.

  • REIT Shares means shares of common stock, $0.01 par value per share, of the Company.

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.