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)
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
Upon any voluntary or involuntary liquidation, dissolution or winding up of the Partnership, after payment shall have been made in full to the holders of the Series A Preferred Units and any Parity Preferred Units, any other series or class or classes of Junior Preferred Units shall be entitled to receive any and all assets remaining to be paid or distributed, and the holders of the Series A Preferred Units and any Parity Preferred Units shall not be entitled to share therein.
More Definitions of Junior Preferred Units
Junior Preferred Units shall have the meaning provided in Section 4 of this Amendment.
Junior Preferred Units has the meaning ascribed to such term in the Recitals to this Agreement.
Junior Preferred Units shall have the meaning assigned in the LLC Agreement.
Junior Preferred Units shall have the meaning provided in Section 4. “Liquidating Distribution” shall have the meaning provided in Section 6(a).
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.
Junior Preferred Units shall have the meaning ascribed to it in the Securities Purchase Agreement.