Examples of Series A-1 Convertible Preferred Units in a sentence
The Series A-1 Convertible Preferred Units (excluding Series A-1 Convertible Preferred Units issued as Series A PIK Preferred Units) shall be issued by the Partnership pursuant to the terms and conditions of the Contribution Agreement.
In addition, the Company shall have a series of the Series A Preferred Units designated as Series A-1 Convertible Preferred Units (“Series A-1 Preferred Units”), of which [ ] Series A-l Preferred Units are authorized and, as of the date hereof, [ ] are issued and outstanding.
Upon execution of the Investor Rights Agreement, dated on or about the date hereof and attached hereto as Exhibit A, Unit Holders and Corporate Shareholders holding Series A-1 Convertible Preferred Units, Series A-2 Convertible Preferred Units and/or Series B Convertible Preferred Units shall have the registration rights with respect to their Reorganization Shares as set forth therein.
The Corporation will be the only holder of any right, title or interest in the Series A-1 Convertible Preferred Units and will have all rights under this Certificate of Designations as the owner of such Series A-1 Convertible Preferred Units.
Except as otherwise required by the Delaware Act, the Series A-1 Convertible Preferred Units shall have no voting rights.
The Series A-1 Convertible Preferred Units and Series A-2 Convertible Preferred Units, whether issued on a Series A Issuance Date or as Series A PIK Preferred Units, are referred to herein as “Series A Preferred Units” and as such the Series A-1 Convertible Preferred Units and the Series A-2 Convertible Preferred Units shall be considered pari passu as to allocations and distributions with each other and with the Series C Convertible Preferred Units and the Series E Preferred Units.
Each Common Unit delivered upon conversion of the Series A-1 Convertible Preferred Units will be duly and validly issued, fully paid, non-assessable, free from preemptive rights and free of any lien or adverse claim (except to the extent of any lien or adverse claim created by the action or inaction of the person to whom such Common Unit will be delivered).
Without limiting the rights of the Corporation as holder of the Series A-1 Convertible Preferred Units (including pursuant to Section 6), if the Company does not have sufficient funds legally available to fully pay any cash amount otherwise due on the Series A-1 Convertible Preferred Units, then the Company will pay the deficiency promptly after funds thereafter become legally available therefor.
The Series A-1 Convertible Preferred Units and Series A-2 Convertible Preferred Units, whether issued on a Series A Issuance Date or as Series A PIK Preferred Units, are referred to herein as “Series A Preferred Units” and as such the Series A-1 Convertible Preferred Units and the Series A-2 Convertible Preferred Units shall be considered pari passu as to allocations and distributions.
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