Series A Interest definition

Series A Interest means, with respect to any holder of Series A Interests, the rights of such Member under this Agreement and applicable Law, including the right to a share of Net Income and Net Loss, to Distributions and to the Brokerage Assets upon redemption of the Series A Interests or liquidation of the Company, all in accordance with this Agreement.
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Series A Interest means the Interest in the Company initially issued to the Managing Member in consideration of its Initial Capital Contribution.
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Series A Interest means any share or other instrument evidencing a Series A preferred stock ownership interest in the Debtor, whether or not transferable or denominated "stock" or similar security, and any options, warrants, convertible security, or other rights to acquire such shares or other instruments, or any legal, equitable, or contractual Claim arising therefrom, including but not limited to Claims arising from the purchase or sale of any such security or instrument, the rescission of a purchase or sale of any such security or instrument, or for reimbursement or contribution on account of such a Claim.
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Examples of Series A Interest in a sentence

  • In exchange for the Series A Interest, A and B received an amount of cash at closing, a fixed recourse promissory note, and a contingent promissory note.

  • Cost recovery deductions are generally allocated 98% to the Series A Interest, 1% to the Series B Interest, and 1% to the Series C Interest.

  • The Series A Interest is allocated 98% of the first Amount 1 of annual production (“Phase I”) and 1% of the production in excess of Amount 1 per year (“Phase II”).

  • The Amended and Restated Limited Liability Agreement of P executed on Date 4 will be amended and restated (the “New LLC Agreement”) to reflect the new ownership of the Series B Interest which will be combined with the Series A Interest into a Series A/B Interest.

  • Pursuant to the Original Sale Agreement, C purchased the Series A Interest from A and B and received an option to purchase the Series B Interest.

  • Pursuant to the Sale Agreement, C purchased the Series A Interest from A and B and received an option to purchase the Series B Interest.

  • In exchange for the Series B Interest, A and B will receive an amount of cash at closing and the fixed recourse promissory note and contingent promissory note A and B received at the closing of the sale of the Series A Interest will be amended and restated to reflect the remaining price to be paid for the combined Series A Interest and Series B Interest.

  • First, to satisfy any New Series A Interest Payments due and payable,2.

  • The Series A Interest is allocated 98% of the first Amount 3 of annual production (“Phase I”) and 1% of the production in excess of Amount 3 per year (“Phase II”).

  • After payment of the liabilities of the Trust, the holder of each series of Units registered as such at the close of business on the date fixed as the termination date will be entitled to receive from the Trust the proportionate share of the value of the Trust attributable to such series of units based on the Proportionate Series A Interest, the Proportionate Series C Interest and the Proportionate Series F Interest, respectively.


More Definitions of Series A Interest

Series A Interest means that series of Interests for a Limited Partner who has been designated by the General Partner as holding a Series A Interest and is reflected in the books and records of the Partnership as such, or otherwise designated by the General Partner as a Series A Interest.
Sample 1

Related to Series A Interest

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • 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.

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

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

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

  • Series D Preferred means the Corporation's Series D Convertible Preferred Stock, par value $.002 per share.

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

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

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

  • Common Interest means the limited liability company membership interest represented by the Common Units owned by a Common Member in the Company at any particular time, including the right of such Common Member to any and all benefits to which a Common Member may be entitled as provided in the Act, this Agreement, or otherwise, together with the obligations of such Common Member to comply with all terms and provisions of this Agreement and the Act.

  • Class A Investor Interest means, on any date of determination, an amount equal to (a) the Class A Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class A Certificateholders prior to such date and minus (c) the excess, if any, of the aggregate amount of Class A Investor Charge-Offs pursuant to subsection 4.10(a) over Class A Investor Charge-Offs reimbursed pursuant to subsection 4.11(b) prior to such date of determination; provided, however, that the Class A Investor Interest may not be reduced below zero.

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

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

  • 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.

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

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

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

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

  • Class B Interests As set forth in the Trust Agreement.

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

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.