Junior Preferred Unit definition

Junior Preferred Unit means a Unit representing a fractional part of the Member Interests of the Members and having the rights and obligations specified with respect to the Junior Preferred Units in this Agreement.
Sample 1
Junior Preferred Unit has the meaning set forth in Section 3.4(a).
Sample 1
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.
Sample 1

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.

  • 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.

  • 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”).

  • Each Voting Member shall have the right to one vote per full Series 1 Senior Preferred Unit, Junior Preferred Unit, Series A Common Unit or Series B Common Unit held by it.

  • Each Voting Member shall have the right to one vote per full Senior Preferred Unit, Junior Preferred Unit, Series A Common Unit or Series B Common Unit held by it.

  • Upon the occurrence of a Conversion Event, each Junior Common Unit shall be converted into a Regular Unit, and each Junior Preferred Unit shall be redeemed in exchange for a Holdings Note having a principal amount equal to the face amount of such Junior Preferred Unit.

  • A redemption price equal to such Junior Preferred Unit holder’s Preferred Unit Unreturned Capital, plus such holder’s “Junior Preferred Unit Unpaid Yield.” The junior preferred unit yield is 8% the first year, accrued annually, on the initial investment and 20% thereafter The accrued yield is $385,736 as of December 31, 2014 and included in Junior Preferred Units on the accompanying consolidated statement of members’ equity.


More Definitions of Junior Preferred Unit

Junior Preferred Unit has the meaning assigned to such term in the LLC Agreement.
Sample 1
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.
Sample 1
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.
Sample 1

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, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • 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 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.

  • 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 $0.0001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

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

  • 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 $0.001 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 Parent (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 $0.0001 per share.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.001 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 $0.0001 per share.