Junior Preferred Membership Interests definition

Junior Preferred Membership Interests means the Junior Preferred Membership Interests issued pursuant to the LLC Agreement.
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Junior Preferred Membership Interests the preferred membership ------------------------------------- interests of the Borrower designated Preferred B Interests, issued by the Borrower pursuant to its Operating Agreement.
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Junior Preferred Membership Interests means the Junior Preferred Membership Interests relating to the Series 1999-2 Investor Notes, if any, issued by the Issuer pursuant to the LLC Agreement. "SERIES 1999-2 LEASE RATE CAP" means one or more interest rate caps, substantially in the form of EXHIBIT D, from a Series 1999-2 Eligible Counterparty. "SERIES 1999-2 LIQUID CREDIT ENHANCEMENT DEFICIENCY" means, on any date of determination, the amount by which the Series 1999-2 Reserve Account Amount is less than the Series 1999-2 Required Reserve Account Amount. "SERIES 1999-2 MINIMUM YIELD RATE" means, for any Settlement Date, a rate per annum equal to the sum of (i) the Series 1999-2 Weighted Average Cost of Funds for such Settlement Date, (ii) 0.225% and (iii) 0.48%. "SERIES 1999-2 MONTHLY INTEREST" means, with respect to any Series 1999-2 Interest Period, the sum of Class A-1 Monthly Interest and Class A-2 Monthly Interest for such Series 1999-2 Interest Period. "SERIES 1999-2 MONTHLY RESIDUAL VALUE GAIN" means, for any Settlement Date, an amount equal to the product of (a) the average daily Series 1999-2 Invested Percentage during the immediately preceding Monthly Period and (b) the Monthly Residual Value Gain for such Settlement Date.
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Examples of Junior Preferred Membership Interests in a sentence

  • ACL Holdings shall mandatorily redeem all Senior Preferred Membership Interests and Junior Preferred Membership Interests in year 15 at the amount of the Redemption Value (plus accrued and unpaid yield thereon) of such Membership Interests at such time.

  • In addition, CSX may participate pro rata (based on ownership of Junior Preferred Membership Interests) in any sale or transfer of Junior Preferred Membership Interests by the Vectura Parties.

  • All Senior Preferred Membership Interests shall rank pari passu with all other Senior Preferred Membership Interests and senior to all Junior Preferred Membership Interests and the Common Membership Interest in respect of the right to receive payments out of the assets of the Issuer upon voluntary or involuntary liquidation, dissolution, winding-up or termination of the Issuer.

  • Dividends on each Series of Junior Preferred Membership Interests will be payable to the Junior Preferred Members holding such Series of Junior Preferred Membership Interests as they appear on the Register on the relevant Record Date.

  • All Junior Preferred Membership Interests redeemed, purchased or otherwise acquired by the Issuer shall be canceled.

  • Dividends on each Series of Junior Preferred Membership Interests shall be cumulative from the Series Closing Date with respect to such Series of Junior Preferred Membership Interests.

  • Dividends on each Series of Junior Preferred Membership Interests shall be payable in United States dollars monthly in arrears on each Dividend Payment Date, commencing on the first Dividend Payment Date set forth in the Action with respect to such Series of Junior Preferred Membership Interests.

  • Dividends on all Junior Preferred Membership Interests shall be cumulative.

  • If there is no Related Series of Junior Preferred Membership Interests with respect to any Series of Senior Preferred Membership Interests, any remaining amounts on deposit in the Series Preferred Member Distribution Account with respect to such Series of Senior Preferred Membership Interests on any such Dividend Payment Date shall be deposited into the Issuer General Account.

  • Each Senior Preferred Membership Interest shall rank pari passu with any Related Series of Senior Preferred Membership Interests with respect to such Series of Senior Preferred Membership Interests and senior to any Related Series of Junior Preferred Membership Interests with respect to such Series of Senior Preferred Membership Interests, if any, and to the Common Membership Interest in respect of the right to receive Dividends or other distributions.


More Definitions of Junior Preferred Membership Interests

Junior Preferred Membership Interests means the Junior Preferred Membership Interests relating to the Series 2003-1 Investor Notes, if any, issued by the Issuer pursuant to the LLC Agreement. "SERIES 2003-1 LEASE RATE CAP" means one or more interest rate caps whether now or hereafter existing or acquired, substantially in the form of EXHIBIT C, from a Series 2003-1 Eligible Counterparty. "SERIES 2003-1 LIQUID CREDIT ENHANCEMENT DEFICIENCY" means, on any date of determination, the amount by which the Series 2003-1 Reserve Account Amount is less than the Series 2003-1 Required Reserve Account Amount. "SERIES 2003-1 MINIMUM YIELD RATE" means, for any Settlement Date, a rate per annum equal to the sum of (i) the Series 2003-1 Weighted Average Cost of Funds for such Settlement Date, (ii) 0.225% and (iii) 0.48%. "SERIES 2003-1 MONTHLY INTEREST" means, with respect to any Series 2003-1 Interest Period, the sum of Class A-1 Monthly Interest and Class A-2 Monthly Interest for such Series 2003-1 Interest Period. "SERIES 2003-1 MONTHLY RESIDUAL VALUE GAIN" means, for any Settlement Date, an amount equal to the product of (a) the average daily Series 2003-1 Invested Percentage during the immediately preceding Monthly Period and (b) the Monthly Residual Value Gain for such Settlement Date.
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Related to Junior Preferred Membership Interests

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Membership Interests has the meaning set forth in the recitals.

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

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Senior Preferred Stock means collectively, (i) Series A-1 Convertible Preferred, (ii) Series A-2 Preferred Stock, (iii) Series A-3 Convertible Preferred, (iv) 14¼% Preferred, (v) 9¾% Preferred, (vi) Series B Convertible Preferred, (vii) Series C Preferred Stock and (viii) Series C Convertible Preferred, in each case as defined in the Master Transaction Agreement.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

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

  • Series A Units means Series A currency hedged mutual fund units and/or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Series H Preferred Stock means shares of the Company’s Series H Preferred Stock, par value $0.0001 per share.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

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

  • 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.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(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 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.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.