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.

  • 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.

  • 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.

  • 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 all Junior Preferred Membership Interests shall be cumulative.

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

  • 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.

  • Section 10.1 Issuance of 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.


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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