Junior Preferred Unit means a Unit having the rights and obligations specified with respect to Junior Preferred Units in this Agreement. The number of Junior Preferred Units initially issued to each Member is listed on Schedule A attached hereto, subject to adjustment pursuant to this Agreement.

Junior Preferred Unit shall represent an interest in the Company, shall be designated as a Junior Preferred Unit of the Company, shall be non-voting, and shall be entitled to the distributions provided for in Article 7. Each Junior Preferred Unit shall accrue the Junior Preferred Yield for so long as such Junior Preferred Unit is outstanding.

Junior Preferred Unit has the meaning assigned to such term in the LLC Agreement.

Examples of Junior Preferred Unit in a sentence

Each “Junior Preferred Unit” shall represent an interest in the Company, shall be designated as a Junior Preferred Unit of the Company, shall be non-voting, and shall be entitled to the distributions provided for in Article 7.
Each Junior Preferred Unit shall accrue the Junior Preferred Yield for so long as such Junior Preferred Unit is outstanding.
Upon written notice delivered to the General Partner not more than 100 days following receipt of the written notice described in Section 7(a), each holder of Series Z Preferred Units may elect, in its sole and absolute discretion, to receive, on the Series Z Redemption Date, for each Series Z Preferred Unit so held one Junior Preferred Unit or one Parity Preferred Unit, in either case having a base liquidation preference of $25.00 per unit (the “ Series Z Rollover Right”).
The Junior Preferred Units will entitle Transferor to participate in cash distributions, after the return of and return on senior capital and after the return of the invested capital of the Junior Preferred Unit holders (including Transferor), in an amount equal to between 15.2 percent and 17.8 percent.

More Definitions of Junior Preferred Unit

Junior Preferred Unit means a Unit representing a fractional part of the Partnership Interests of all Limited Partners and Assignees and having the rights and obligations specified with respect to the Junior Preferred Units in the Partnership Agreement.

Junior Preferred Unit has the meaning set forth in Section 3.4(a).

Junior Preferred Unit means a Unit having the rights and obligations specified with respect to Junior Preferred Units in this Agreement. The number of Junior Preferred Units initially issued to each Member is listed on SCHEDULE A attached hereto, subject to adjustment pursuant to this Agreement.

Related to Junior Preferred Unit

Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.
Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.
Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.
Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).
Preferred Unit means a fractional share of the Partnership Interests that the General Partner has authorized pursuant to Sections 4.01, 4.03 or 4.04 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the OP Units.
Series C Preferred Units shall have the meaning provided in Section 1.
Series B Preferred Units shall have the meaning provided in Section 1.
Preferred Units means the Series A Preferred Units and the Series B Preferred Units.
Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.
Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.00001 per share.
Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.00001 per share.
Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.
Parity Preferred Units shall have the meaning provided in Section 4.
Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.
Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.
Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.
Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.
Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.
Permitted Preferred Stock means and refers to any Preferred Stock issued by a Borrower (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.
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 A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.
Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.001 per share.
Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.
Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.
Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).
Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.00001 per share.

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