Preferred Interest Holder definition

Preferred Interest Holder means, at any date, with respect to any outstanding Preferred Interest, the record holder of such Preferred Interest as reflected in the register of the Borrower.

Preferred Interest Holder means a Record Holder of the Preferred Interests.

Preferred Interest Holder means a holder of a Preferred Interest.

Examples of Preferred Interest Holder in a sentence

• A Trust Preferred Interest Holder shall not be obligated personally for any of the debts, obligations or liabilities of the LLC, whether arising in contract, tort or otherwise, solely by reason of being a member of the LLC, except as a Trust Preferred Interest Holder may be obligated to repay any funds wrongfully distributed to it.

• To the fullest extent permitted by applicable law, the General Partner, Partnership, the Transfer Agent and the Paying Agent may deem and treat any Preferred Interest Holder as the true, lawful and absolute owner of the Preferred Interests for all purposes, and neither the General Partner, the Partnership, the Transfer Agent or the Paying Agent shall be affected by any notice to the contrary.

• We note that a Trust Preferred Interest Holder may be obligated pursuant to the LLC Agreement to provide the Transfer Agent sufficient indemnity in connection with the issuance of replacement Trust Interest Certificates.

• For the avoidance of doubt, the Majority Holders shall be deemed to have given such consent to the issuance of the Common Membership Interests issuable to the Class F Preferred Interest Holder pursuant to the conversion of the Class F Preferred Interests into Common Membership Interests.

• Each Preferred Interest represents a perpetual equity interest in the Partnership and, except as set forth in Section 16.4 and Section 16.6, shall not give rise to a claim by the Partnership or a Preferred Interest Holder thereof for redemption thereof at any particular date.