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").

  • 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.

  • 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.

  • The Membership Interests shall be represented by the Class A Membership Interests, the Class B Membership Interests, the Class B Senior Preferred Membership Interests and the Class B Subordinated Preferred Membership Interests.

  • Additional Dividends upon any Dividend arrearage with respect to any Series of Senior Preferred Membership Interests shall be declared and paid in order to provide, in effect, monthly compounding on such Dividend arrearage at the Dividend Rate for such Series of Senior Preferred Membership Interests compounded monthly and such Additional Dividends also shall accrue and accumulate.

  • If there is no Related Series of Junior Preferred Membership Interests with respect to any Series of Senior Preferred Membership Interests, any remaining amounts on deposit in the Series Preferred Member Distribution Account with respect to such Series of Senior Preferred Membership Interests on any such Dividend Payment Date shall be deposited into the Issuer General Account.

  • 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.

  • 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.

  • This Agreement shall be effective upon the issuance of the Series 1999-2 Senior Preferred Membership Interests and the simultaneous redemption in full of the Series 1999-1 Preferred Membership Interests on October 28, 1999.

  • Each Series of Senior Preferred Membership Interests shall have the stated liquidation preference and designation set forth in the Action with respect to such Series of Senior Preferred Membership Interests.

Related to Senior Preferred Membership Interests

  • Membership Units means the units into which the ownership interests of the Members in the Company are divided, including such Member’s Economic Interest and the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement or under the Act, together with the obligation of such Member to comply with all of the provisions of this Agreement and of the Act.

  • 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 means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.

  • 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].

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • 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 a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • 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 of the Company, par value $0.0001 per share.

  • Common Units means common units representing limited partner interests in the Partnership.

  • 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 of the Company, par value $0.0001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.