Junior Preferred Member definition

Junior Preferred Member means each Person admitted to the Company as a Member whose name is set forth on Schedule I hereto and who holds Junior Preferred Units, for so long as such Person holds Junior Preferred Units.
Junior Preferred Member means a Person in whose name a Junior Preferred Membership Interest is registered in the Register.
Junior Preferred Member shall have the meaning assigned in the LLC Agreement.

Examples of Junior Preferred Member in a sentence

  • Depreciation will be allocated 100% to the Junior Preferred Member.

  • Nonrecourse Deductions for any Fiscal Year will be allocated 5% to the Senior Preferred Members, Pro Rata, and 95% to the Junior Preferred Member.

  • For purposes of the calculation of the date of redemption and the dates on which notices are given pursuant to this Section 10.2(d), a Notice of Redemption of Junior Preferred Membership Interests shall be deemed to be given on the day such notice is first mailed by first-class mail, postage prepaid, to each Junior Preferred Member holding Junior Preferred Membership Interests to be redeemed.

  • At any meeting of the Board, the presence of at least one Board member appointed by the Senior Preferred Members and at least one Board member appoint by the Junior Preferred Member shall constitute a quorum for all purposes.


More Definitions of Junior Preferred Member

Junior Preferred Member has the meaning set forth in Section 3.4(a).
Junior Preferred Member means La Grange.

Related to Junior Preferred Member