Examples of Series A Interests in a sentence
No Person, other than a Person who holds a Series A Interest, shall have any claim on or any right to any assets allocated solely to the Series A Interests.
All proceeds from the sale of Series A Limited Interests offered pursuant to the Prospectus shall be deposited in an interest bearing escrow account at The Bank of New York, in New York, N.Y. until the conclusion of the Initial Offering Period for the Series A Interests.
In the event that 40,000 or more of the Series A Limited Interests are sold during the Initial Offering Period for the Series A Interests, the Trust may continue to offer Series A Limited Interests and admit additional Series A Limited Owners and/or accept additional contributions from existing Series A Limited Owners pursuant to the Prospectus.
In addition to the Series A Interests required to be purchased by the Managing Owner and/or its Affiliates under Section 3.2(a)(v), the Managing Owner and/or its Affiliates also may purchase any number of Series A Limited Interests as it or they determine in its or their discretion.
In the event subscriptions for at least 40,000 of the Series A Interests are received and accepted during the Initial Offering for the Series A Interests, all interest earned on the proceeds of subscriptions from accepted subscribers for Series A Limited Interests during its Initial Offering Period will be contributed to Series A, for which the Series A Limited Owners will receive additional Series A Interests on a pro rata basis (taking into account time and amount of deposit).
Unrealized and realized gains and losses resulting from changes in the redemption value of Series A Interests are recorded in income.
The Managing Owner and/or its Affiliates shall, with respect to any Series A Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series A Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein.
Series A Interests become redeemable at the option of the holders at specific points in time over three years ending September 30, 2008.
XxXxxxxxx ("XxXxxxxxx") hereby agrees that the holders of ICS Series A Interests, ICS Series B and ICS Series C shall have co-sale and rights of first offer on proposed transfers of shares of ICS capital stock by XxXxxxxxx to the same extent such holders have with respect to the shares of Preferred Stock of CyberSource.
Series A Interests are classified as a liability in these consolidated financial statements and are measured at their redemption value.