Series A Convertible Preferred Unit definition

Series A Convertible Preferred Unit means a Partnership Unit issued or authorized to be issued by the Partnership pursuant to Addendum No. 2 to this Agreement, which designates the "Series A Cumulative Convertible Preferred Units."
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Series A Convertible Preferred Unit has the meaning ascribed to such term in the OpCo LLC Agreement.
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Series A Convertible Preferred Unit shall represent an interest in the Partnership entitling a holder of Series A Convertible Preferred Units to the respective voting and other rights and Net Income and Net Loss as provided for in this Agreement.”
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Examples of Series A Convertible Preferred Unit in a sentence

  • Each Series A Convertible Preferred Unit shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable Common Units as is determined by dividing the Series A Original Purchase Price by the Series A Conversion Price (as defined below) in effect at the time of conversion.

  • For the avoidance of doubt, the Base Preference Return shall continue to accrue with respect to each Series A Convertible Preferred Unit until such date as the holder of the applicable Series A Convertible Unit to be redeemed is redeemed and such holder receives the applicable Redemption Price in full.

  • We entered into a Series A Convertible Preferred Unit Purchase Agreement (the “Purchase Agreement”) with Southcross Energy LLC, pursuant to which we issued and sold 1,715,000 Series A Preferred Units to Southcross Energy LLC during the second quarter of 2013 for a cash purchase price of $22.86 per unit, in a privately negotiated transaction (the "Private Placement").

  • Ridgeline Midstream Holdings, LLC (“ArcLight”), MHR and the Company entered into that certain Series A Convertible Preferred Unit Purchase Agreement, dated as of March 21, 2012 (the “Original Unit Purchase Agreement”).

  • These estimates have the SCC at A$88, A$57 and A$17 respectively for discount rates of 2.5%pa, 3%pa and 5%pa, and at A$166 for a scenario of high climate change damages.4 On the basis of the literature on discounting for climate change analysis (Edenhofer et al., 2014), a 5% discount rate is considered outside of the applicable range.Thus, an illustrative range for the evaluation of the carbon benefits from plant closure is $17 to $88 per tonne of carbon dioxide.

  • The number of Common Units of Crosstex Energy, L.P. ("Common Units") deliverable upon conversion of each Series A Convertible Preferred Unit ("Preferred Unit") of Crosstex Energy, L.P. (the "Issuer") is equal to the quotient of (i) the sum of $8.50 and all accrued and accumulated but unpaid distributions on such Preferred Unit, divided by (ii) the conversion price per Preferred Unit of $8.50, subject to certain adjustments.

  • The Common Stock received upon exercise of Warrant A shall bear a legend restricting trading for a period of one year from the filing date of the registration statement for the Series A Convertible Preferred Unit.

  • Series A Convertible Preferred Unit Purchase Agreement, dated January 6, 2010 between the Issuer and the Purchaser (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K, filed on January 11, 2010).

  • On every Series A Convertible Distribution Payment Date, the holder of record of the Series A Convertible Preferred Units shall be entitled to receive distributions payable in cash in an amount per Series A Convertible Preferred Unit equal to an 8% cumulative but not compounded per annum return on the Series A Convertible Purchase Price (equivalent to a fixed annual rate of $0.80 per Series A Convertible Preferred Unit) which will be determined on a daily basis.

  • With respect to any Dividend Payment Date, the Company will pay or accrue, to the extent permitted by applicable law, in the Manager’s sole discretion, Dividends on each Series A Convertible Preferred Unit (i) in cash (a “Cash Dividend”), if, as when and to the extent declared by the Manager, (ii) by increasing the amount of Compounded Dividends with respect to such Series A Convertible Preferred Unit or (iii) through a combination of either of the foregoing.


More Definitions of Series A Convertible Preferred Unit

Series A Convertible Preferred Unit means a Preferred Unit with the designations, preferences and relative, participating, optional or other special rights, powers and duties as are set forth in this Series A Convertible Designation. It is the intention of the General Partner that each Series A Convertible Preferred Unit shall be substantially the economic equivalent of one share of Series A Convertible Preferred Stock.
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Related to Series A Convertible Preferred Unit

  • Series A Convertible Preferred Stock means the Series A Convertible Preferred Stock, $0.001 par value per share, of the Corporation.

  • Series B Convertible Preferred Stock means the Series B Convertible Preferred Stock, $0.01 par value per share, of the Corporation.

  • Convertible Preferred Stock has the meaning set forth in the recitals.

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

  • Mandatorily Convertible Preferred Stock means cumulative preferred stock with (a) no prepayment obligation on the part of the issuer thereof, whether at the election of the holders or otherwise, and (b) a requirement that the preferred stock convert into Common Stock of the Corporation within three years from the date of its issuance at a conversion ratio within a range established at the time of issuance of the preferred stock.

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

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

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

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

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.

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

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

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Redeemable Preferred Stock of any Person means any preferred stock issued by such Person which is at any time prior to the Termination Date either (i) mandatorily redeemable (by sinking fund or similar payments or otherwise) or (ii) redeemable at the option of the holder thereof.

  • 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.

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

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

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Series A Preferred means the Series A preferred stock, $.01 par value per share, of the Company.

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

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

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

  • 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.

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