Preferred LLC Interest definition

Preferred LLC Interest means a membership interest of a Member in Net Income, Net Losses and Distributions having the rights, powers and duties set forth in this Agreement.
View Source
Preferred LLC Interest means the preferred interest in GP Buyer to be issued to BII pursuant to the BII Contribution and whose terms are set forth in the Amended LLC Agreement.
View Source
Preferred LLC Interest shall have the meaning ascribed thereto in the LLC Agreement.
View Source

Examples of Preferred LLC Interest in a sentence

  • As of the Closing, Charter shall have taken all actions necessary with respect to the approval and issuance of the Preferred LLC Interest, and Buyer shall have available sufficient funds to enable it to consummate the transactions contemplated hereby.

  • LLC Interests, other than the Bridge Preferred LLC Interest, shall be represented by Units.

  • BII is acquiring the Preferred LLC Interest for investment for its own account and not with a view to the sale or distribution of any part thereof within the meaning of the Securities Act.

  • All distributions made by New Investments LLC, including distributions upon liquidation of New Investments LLC, will be made in the following order of priority assuming the Preferred LLC Interest Repurchase has occurred: First, 100% to the holders of LLC Interests pro rata until they have received aggregate distributions equal to their Initial Capital Amounts.

  • Charter shall cause to be delivered at Closing to BII with respect to the Preferred LLC Interest, the put agreement (the "PUT AGREEMENT"), substantially in the form attached hereto as EXHIBIT E, duly executed by ▇▇▇▇ ▇▇▇▇▇, Charter's controlling stockholder, which agreement shall entitle each holder of all or part of the units of the Preferred LLC Interest, at his option at any time until and through the fifth anniversary of the Closing Date, to put to ▇▇.

  • All distributions made by New Investments LLC, including distributions upon liquidation of New Investments LLC, will be made in the following order of priority assuming the Preferred LLC Interest Repurchase has occurred: First, 100 percent to the holders of LLC Interests pro rata until they have received aggregate distributions equal to their Initial Capital Amounts.

  • Subject to the terms and conditions of this Agreement, BII hereby agrees to contribute, transfer, assign and deliver to GP Buyer at the Closing, and GP Buyer hereby agrees to acquire and assume at the Closing, all of BII's right, title and interests in, to and under the BII Assets, free and clear of all Encumbrances, subject to Legal Restrictions, in consideration of GP Buyer's issuance and transfer to BII of the Preferred LLC Interest (the "BII CONTRIBUTION").

  • Subject to the terms and conditions of this Agreement, BII hereby agrees to contribute, transfer, assign and deliver to GP Buyer at the Closing, and GP Buyer hereby agrees to acquire and assume at the Closing, all of BII's right, title and interests in, to and under the BII Assets, free and clear of all Encumbrances, subject to Legal Restrictions, in consideration of GP Buyer's issuance and transfer to BII of the Preferred LLC Interest (the "BII Contribution").

  • New Investments LLC agrees that, on the Effective Date, it will exercise its Preferred LLC Interest Repurchase option.


More Definitions of Preferred LLC Interest

Preferred LLC Interest. 11 "Purchased Interests" 11 "Rate Regulatory Matter" 11 "Real Property" 12 "Required Consents" 12 "SEC" 12 "Securities Act" 12 "Sellers" 12 "Subordinated Holders" 12
View Source

Related to Preferred LLC Interest

  • LLC Interest means a membership interest or similar interest in a limited liability company.

  • 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 Equity Interest in any Person, means an Equity Interest of any class or classes (however designated) which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over Equity Interests of any other class in such Person.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • LLC Interests shall have the meaning given to such term in Section 6.1.