Senior Preferred Membership Interests definition

Senior Preferred Membership Interests means the Senior Preferred Membership Interests issued pursuant to the LLC Agreement.
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Senior Preferred Membership Interests the preferred membership ------------------------------------- interests of the Borrower designated Preferred A Interests, issued by the Borrower pursuant to its Operating Agreement.
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Senior Preferred Membership Interests means each series of Senior Preferred Membership Interests relating to the Series 2002-1 Investor Notes issued by the Issuer pursuant to the LLC Agreement. "SERIES 2002-1 SERIES SERVICING FEE PERCENTAGE" is defined in SECTION 5.1. "SERIES 2002-1 SUPPLEMENTAL SERVICING FEE" is defined in SECTION 5.1. "SERIES 2002-1 SETTLEMENT COLLECTION SUBACCOUNT" is defined in SECTION 5A.1(a).
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Examples of Senior Preferred Membership Interests in a sentence

  • On the Closing Date, the Issuer will also issue the Series 2001-1 Senior Preferred Membership Interests (the "Series 2001-1 Senior PMI").

  • ACL Holdings shall mandatorily redeem all Senior Preferred Membership Interests and Junior Preferred Membership Interests in year 15 at the amount of the Redemption Value (plus accrued and unpaid yield thereon) of such Membership Interests at such time.

  • Type of DefaultLiability and Other Consequences of Default 8.10.1 The Counterparty's late compliance with the Company's requirements related to the Deficiencies (Paragraph 8.7.1(1)) Forfeit in the amount of 1/90 of the Bank of Russia key rate from the Price of the goods, works and/or services for each day of delay.

  • At ACL Holdings' option, Senior Preferred Membership Interests may be exchanged into current-pay subordinated notes containing the same features as such Membership Interests at any time contemporaneously with or following ACL Holdings' conversion to a Subchapter C corporation.

  • All dividends paid with respect to each Series of Senior Preferred Membership Interests shall be paid from funds available therefor in accordance with Section 9.2(b)(ii) pro rata to the Senior Preferred Members of such Series.

  • All Senior Preferred Membership Interests shall rank pari passu with all other Senior Preferred Membership Interests and senior to all Junior Preferred Membership Interests and the Common Membership Interest in respect of the right to receive payments out of the assets of the Issuer upon voluntary or involuntary liquidation, dissolution, winding-up or termination of the Issuer.

  • Section 9.1 Issuance of Series of Senior Preferred Membership Interests.

  • No defect in the Notice of Redemption of Senior Preferred Membership Interests or in the mailing thereof with respect to any Senior Preferred Membership Interest shall affect the validity of the redemption proceedings with respect to any other Senior Preferred Membership Interest.

  • Dividends on each Series of Senior Preferred Membership Interests shall be cumulative from the Series Closing Date with respect to such Series of Senior Preferred Membership Interests.

  • Each Series of Junior Preferred Membership Interests shall rank junior to the Related Series of Senior Preferred Membership Interests with respect to such Series, pari passu with any Related Series of Junior Preferred Membership Interests with respect to such Series of Junior Preferred Membership Interests and senior to the Common Membership Interest in respect of the right to receive Dividends or other distributions.

Related to Senior Preferred Membership Interests

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Membership Interests has the meaning set forth in the recitals.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

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

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

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

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

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

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Class B Units means the Class B Units of the 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.

  • Membership Unit means an outstanding common membership unit of the LLC.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Common Units is defined in the Partnership Agreement.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Class B Preferred Stock means the Class B preferred stock, nominal value $1,000, of the Company.