Junior Preferred Units definition

Junior Preferred Units shall have the meaning provided in Section 4.

Junior Preferred Units has the meaning set forth in Section 3.04(a)(ii) hereof. hereof.

Junior Preferred Units means all classes or series of Preferred Units ranking junior to the Series A Preferred Units, Series B Preferred Units and Series C Preferred Units with respect to distribution rights upon liquidation, dissolution or winding up of the Partnership.

Examples of Junior Preferred Units in a sentence

• For the avoidance of doubt, the Junior Preferred Units and the Senior Preferred Units do not need to be transferred together and may be transferred in separate transactions.

• The Initial Members and their respective numbers of Units (including the Common Units, AT&T TD Catch-Up Units, Investor TD Catch-Up Units, Common Catch-Up Units, Junior Preferred Units and Senior Preferred Units) and Membership Percentages as of the Closing are listed on Exhibit A.

• The Parties and their respective Affiliates shall treat the Senior Preferred Units, the Junior Preferred Units and the Common Units as equity for applicable Tax, GAAP and financial accounting purposes.

• The amounts of the Initial Capital Contributions made by the Initial Members in exchange for or on account of Senior Preferred Units, Junior Preferred Units, Common Catch-Up Units, AT&T TD Catch-Up Units, Investor TD Catch-Up Units or Common Units, as applicable, are set forth on Exhibit A hereto.

• In the event of any Qualified IPO or Company Sale, Investor Member will endeavor to allow AT&T Member to have redeemed (a) the Junior Preferred Units for payment of the Junior Preferred Unpaid Yield and the Junior Preferred Unreturned Contribution and (b) the Common Catch-Up Units for payment of the Common Catch-Up Unreturned Contribution.

More Definitions of Junior Preferred Units

Junior Preferred Units shall have the meaning provided in Section 4 of this Amendment.

Junior Preferred Units means any class or series of Partnership Units the holders of which are entitled to the receipt of distributions or of amounts distributable upon liquidation, dissolution or winding up, as the case may be, junior in priority to the holders of the Series Three Preferred Units, but senior in priority to the holders of Common Units.

Junior Preferred Units shall have the meaning assigned in the LLC Agreement.

Junior Preferred Units has the meaning ascribed to such term in the Recitals to this Agreement.

Junior Preferred Units means the Class A-2 Units (as defined in the A&R LLC Agreement).

Junior Preferred Units means the junior preferred units of the Partnership, having a face amount per unit of [$7.75] and having the rights and preferences set forth in this Agreement.

Junior Preferred Units has the meaning set forth in the Recitals.