Series A Convertible Preferred Units definition

Series A Convertible Preferred Units means, as of any date, the Series A Convertible Preferred Units designated as such in accordance with this Agreement and which are convertible into Common Units. The number of Series A Convertible Preferred Units held by each Series A Convertible Preferred Member as of any date is set forth on Exhibit A (as amended from time to time in accordance with the terms hereof) as in effect on such date.

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Series A Convertible Preferred Units has the meaning assigned to such term in the Partnership Agreement, as in effect on the date of the indenture.

Series A Convertible Preferred Units means units representing limited partner interests of SXE designated as Series A Convertible Preferred Units and having the rights, obligations and such other terms as set forth in the SXE Partnership Agreement.

Examples of Series A Convertible Preferred Units in a sentence

There is hereby created a class of Units designated as “Series A Convertible Preferred Units” (such Series A Convertible Preferred Units, together with any Series A PIK Units, the “Series A Preferred Units”), with the designations, preferences and relative, participating, optional or other special rights, powers and duties as set forth in this Section 5.11 and elsewhere in this Agreement.
In the event of a notice of redemption of any Series A Convertible Preferred Units pursuant to Section 6.7, the Series A Conversion Rights of the Units designated for redemption shall terminate at the close of business on the last full day preceding the date fixed for redemption, unless the redemption price is not fully paid on such redemption date, in which case the Series A Conversion Rights for such Units shall continue until such price is paid in full.
There shall be four classes of Units: (i) Common Units, (ii) Series A Convertible Preferred Units, (iii) Series B Convertible Preferred Units and (iv) Incentive Units.
In order for a holder of Series A Convertible Preferred Units to convert such Units into Common Units, such holder shall send written notice to the principal office of the Company.
Except as set forth in this subsection (c), all Series A Convertible Preferred Units which shall have been surrendered for conversion as herein provided shall no longer be deemed to be outstanding and all rights with respect to such Series A Convertible Preferred Units, including the rights, if any, to receive notices and to vote, shall immediately cease and terminate on the Series A Conversion Date, except only the right of the holders thereof to receive Common Units in exchange therefor.

More Definitions of Series A Convertible Preferred Units

Series A Convertible Preferred Units has the meaning set forth in the Operating Agreement.

Series A Convertible Preferred Units is defined in Section 5.15(a).

Series A Convertible Preferred Units means the series of preferred units of the Operating Partnership established by the Sixth Amendment to the Amended and Restated Agreement of Limited Partnership.

Series A Convertible Preferred Units and consisting of a total of 14,705,882 Series A Preferred Units, plus any additional Series A Preferred Units issued in kind as a Preferred Distribution pursuant to Section 5.15(b)(ii) (“Series A PIK Preferred Units”), having the same rights and preferences, and subject to the same duties and obligations as the Common Units, except as set forth in this Section 5.15 and Section 6.12. Other than with respect to Series A PIK Preferred Units, the class of Series A Convertible Preferred Units shall be closed immediately following the Series A Issuance Date and thereafter no additional Series A Preferred Units shall be designated, created or issued without the prior written approval of the holders of a majority of the Outstanding Series A Voting Units.

Series A Convertible Preferred Units means the Company’s Series A Convertible Preferred Units and in the event of a Corporate Conversion, shares of NewCo’s Series A Preferred Stock.

Series A Convertible Preferred Units shall have the meaning set forth in Section 4.2(a)(i).

Series A Convertible Preferred Units has the meaning set forth in the Partnership Agreement.