Preferred Capital definition

Preferred Capital means, as of any date with respect to a Member, the portion of such Member's Capital Contribution designated as Preferred Capital opposite such Member's name on Schedule A.

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Preferred Capital means a Capital Account balance equal to the product of (i) the number of Series A Preferred Units then held by the General Partner multiplied by (ii) the sum of $25 and any Preferred Distribution Shortfall per Series A Preferred Unit.

Preferred Capital the preferred capital of the Company or the preferred stock of a corporation that is the successor of the Company.

Examples of Preferred Capital in a sentence

Notices to Transferor shall be addressed as follows: Huntington Preferred Capital Holdings, Inc.
FW Preferred Capital Trust I is a statutory business trust organized under Delaware law and is the issuer of the trust securities.
Until all such Events of Default under this Trust Agreement with respect to the Preferred Capital Securities have been so cured, waived or otherwise eliminated, to the fullest extent permitted by applicable law, the Property Trustee shall act solely on behalf of the Holders of the Preferred Capital Securities and not on behalf of the Holder of the Common Securities, and only the Holders of the Preferred Capital Securities will have the right to direct the Property Trustee to act on their behalf.
Notwithstanding any other provision of this Trust Agreement, transfers and exchanges of Preferred Capital Securities and beneficial interests in a Global Preferred Capital Security shall be made only in accordance with this Section 5.
Except as set forth herein, record ownership of the Global Preferred Capital Securities may be transferred, in whole or in part, only to another nominee of Depositary or to a successor of the Depository or its nominee.

More Definitions of Preferred Capital

Preferred Capital with respect to each Preferred Unit, means an amount equal to $25.50.

Preferred Capital means the capital contributions of T-Asia on and after the date of this Agreement other than capital contributions made to permit the redemption of a Membership Interest. T-Asia’s Preferred Capital shall bear the Preferred Return from the date of contribution until distributed pursuant to Section 3.1(a)(ii) or Section 8.1(a)(4) hereof.

Preferred Capital. A Class B Limited Partner’s initial Preferred Capital is reflected in Section 4.1(c).

Preferred Capital with respect to each Class D OP Unit, means an amount equal to $25.50.

Preferred Capital means with respect to any Member, the ----------------- product of the number of Membership Units held by such Member times $1,000.00, as adjusted pursuant to Section 8.5, Section 8.6,and/or Section 8.7.

Preferred Capital means the amount of Eighty One Million Eighty Five Thousand Three Hundred Sixty Eight Dollars and Fourteen Cents ($81,085,368.14); provided, however, if the Company is required to prepay a portion of the Existing Credit Facility in order to accomplish the extension or modification of such Existing Credit Facility or reduce the outstanding principal balance of the Existing Credit Facility in order to accomplish a refinancing thereof, the Denihan Member’s pro rata share of the prepaid amount or the principal reduction, as the case may be, to the extent not being paid out of Revenues, shall be treated as a reduction of the Preferred Capital and an increase to the ▇▇▇▇▇▇▇ Common Capital as of the date of such prepayment (and constitute a deemed Capital Contribution by the Denihan Member on a pro-rata basis based upon the ▇▇▇▇▇▇▇ Member’s then current respective Percentage Interests). Upon the occurrence of any such deemed Capital Contribution by the Denihan Member, the Percentage Interests of the Members shall be adjusted accordingly. For the avoidance of doubt, (i) the Preferred Capital shall not constitute Revenues (as defined herein) for any purposes and (ii) any fees paid to accomplish any extension, modification or refinancing prior to or simultaneously with the date hereof shall not be counted in determining the amount of any prepayment.

Preferred Capital means the amount of [$________]; provided, however, if the Company is required to prepay a portion of the Existing Credit Facility in order to accomplish the extension or modification of such Existing Credit Facility or reduce the outstanding principal balance of the Existing Credit Facility in order to accomplish a refinancing thereof, the ▇▇▇▇▇▇▇ Member’s pro rata share of the prepaid amount or the principal reduction, as the case may be, to the extent not being paid out of Revenues, shall be treated as a reduction of the Preferred Capital and an increase to the ▇▇▇▇▇▇▇ Common Capital as of the date of such prepayment (and constitute a deemed Capital Contribution by the ▇▇▇▇▇▇▇ Member on a pro-rata basis based upon the ▇▇▇▇▇▇▇ Member’s then current respective Percentage Interests). Upon the occurrence of any such deemed Capital Contribution by the Denihan Member, the Percentage Interests of the Members shall be adjusted accordingly. For the avoidance of doubt, (i) the Preferred Capital shall not constitute Revenues (as defined herein) for any purposes and (ii) any fees paid to accomplish any extension, modification or refinancing prior to or simultaneously with the date hereof shall not be counted in determining the amount of any prepayment.