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 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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Examples of Junior Preferred Membership Interests in a sentence

  • 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.

  • 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.

  • All dividends paid with respect to each Series of Junior Preferred Membership Interests shall be paid from funds available therefor in accordance with Section 10.2(b)(ii) pro rata to the Junior Preferred Members of such Series.

  • 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.

  • 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.

  • Additional Dividends upon any Dividend arrearage with respect to any Series of Junior Preferred Membership Interests shall be declared and paid in order to provide, in effect, monthly compounding on such Dividend arrearage at the Dividend Rate for such Series of Junior Preferred Membership Interests compounded monthly and such Additional Dividends also shall accrue and accumulate.

  • No defect in the Notice of Redemption of Junior Preferred Membership Interests or in the mailing thereof with respect to any Junior Preferred Membership Interest shall affect the validity of the redemption proceedings with respect to any other Junior Preferred Membership Interest.

  • The Junior Preferred Membership Certificate of each Series shall be issued in the form set forth in the Action with respect to such Series of Junior Preferred Membership Interests.

  • Each Series of Junior Preferred Membership Interests shall have the stated liquidation preference and designation set forth in the Action with respect to such Series of Junior Preferred Membership Interests.

  • 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.


More Definitions of Junior Preferred Membership Interests

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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Related to Junior Preferred Membership Interests

  • Membership Units means the units into which the ownership interests of the Members in the Company are divided, including such Member’s Economic Interest and the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement or under the Act, together with the obligation of such Member to comply with all of the provisions of this Agreement and of the Act.

  • 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 means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.

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

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

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

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 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 of the Company, par value $0.0001 per share.