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Preferred Series A Subclass 1 Unit Accounts definition

Preferred Series A Subclass 1 Unit Accounts has the meaning set forth in Section 7.01(a).
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Examples of Preferred Series A Subclass 1 Unit Accounts in a sentence

  • In connection with each Exempted Conversion, each of the Sub-Capital Account balance and the Hypothetical Preferred Opening Capital Account Balance associated with the Preferred Series A Subclass 1 Unit Accounts subject to such Exempted Conversion shall be reduced by an amount equal to the portion of the Sub-Capital Account converted.

  • Concurrently with each Exempted Conversion, the amount of any accrued but unpaid Guaranteed Series A-0 Payment then owing to the majority holder of the Preferred Series A Subclass 0 Unit Accounts as of the Effective Date shall be reduced by an amount equal to 25% of the amount of the Sub-Capital Account of the Preferred Series A Subclass 1 Unit Accounts being converted in such Exempted Conversion.

  • Concurrently with each payment made pursuant to the Payment Right, the then outstanding amount of any obligations, as selected by the Partnership, that the Partnership or any of its Affiliates contractually or otherwise owe the majority holder of the Preferred Series A Subclass 1 Unit Accounts as of the Effective Date shall be reduced on a dollar-for-dollar basis.

  • Preferred Series A Subclass 1 Unit Accounts Distributions 24 Section 4.02.

Related to Preferred Series A Subclass 1 Unit Accounts

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Series G Preferred Stock means shares of the Company’s Series G Preferred Stock, par value $0.0001 per share.

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