Preferred Interests definition

Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

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Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person's property and assets, whether by dividend or upon liquidation.

Preferred Interests as applied to the Capital Interests in any Person, means Capital Interests in such Person of any class or classes (however designated) that rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to shares of Common Interests in such Person.

Examples of Preferred Interests in a sentence

• Each Partner, upon becoming a Partner, consents to such termination and merger, including the exchange by each Preferred Partner of its Preferred Interests for an equivalent amount of preferred shares of the Parent having substantially similar terms and the exchange of the General Partner's Interest for the share or shares of Series S Preferred Stock of the Parent, to the extent any consent of Partners would be required therefor.

• For purposes of Section 4.07 (Rights to Appoint Board Observers) of each SPV LLC Agreement, for so long as both the FRBNY and the UST own or hold any AIA/ALICO Preferred Units or AIA/ALICO Preferred Interests, the total number of Observers that the Consent Holder may appoint to the Board of Managers (as such terms are defined in the relevant SPV LLC Agreement) of each SPV shall be increased from two to four, and each of the FRBNY and the UST shall be entitled to appoint two individuals as “Observers”.

• Directors elected by the holders of Preferred Interests shall have no special duties to the holders of Preferred Interests.

• To the extent a Put Participant holds both Preferred Interests and Common Interests, the Interests Put or Called for such Put Participant shall initially be Common Interests received upon conversion of Preferred Interests held by such Put Participant and its affiliates, and after such Put Participant and its affiliates no longer hold any Preferred Interests, Common Interests.

• No interest shall be paid to any Member on any Capital Contributions (without limiting in any respect the accrual of the Preferred Return on the Liquidation Preference of the Preferred Interests as further set forth herein).

More Definitions of Preferred Interests

Preferred Interests means the preferred limited liability company membership interests of the Company or preferred stock of the Company, if the Company is restructured as a corporation.

Preferred Interests means the Company's Series A Preferred Interests, as adjusted for any unit split, unit dividend or other combination, exchange, conversion, recapitalization, merger, consolidation or reorganization, or if the Series A Preferred Interests are hereafter changed into or exchanged for different interests or securities of the Company, such other interests or securities, and any other preferred interests of the Company hereinafter issued,

Preferred Interests means preferred equity interests in a utility affiliate that pay the preferred dividends to the trust that purchased the preferred equity interests.

Preferred Interests means any and all series of preferred membership interest of the Issuer, including the Designated Preferred.

Preferred Interests means the Senior Preferred Interest and the Junior Preferred Interest.

Preferred Interests means the Class A Preferred Interests and the Class B Preferred Interests, collectively.

Preferred Interests means the preferred limited partner interests of the Company having the rights and other terms set forth in the Statement of Preferences for the applicable series thereof, including without limitation any Series A Preferred Interests.