Series A Parity Units definition

Series A Parity Units means the Series B Preferred Units and any class or series of Partnership Units hereafter issued and outstanding, whether or not the distribution rates thereof shall be different from those of the Series A Preferred Units, if the holders of such class or series and the Series A Preferred Units shall be entitled to (i) the receipt of distributions in proportion to their respective amounts of accrued and unpaid distributions per unit and (ii) amounts distributable upon Liquidation in proportion to their respective liquidation preferences, in each case without preference or priority one over the other.
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Series A Parity Units means Capital Stock of the Company that, with respect to distributions upon Liquidation, ranks on a parity basis with the Series A Preferred Mirror Units, including the Series C Preferred Mirror Units. “Series A Price” has the meaning set forth in Section 17.07(b). “Series A Redemption Date” has the meaning set forth in Section 17.08(c).
Sample 1

Examples of Series A Parity Units in a sentence

  • The Series A Preferred Units shall, with respect to the payment of distributions and the right to receive the Series A Liquidation Preference upon a Liquidation, rank junior to all Series A Senior Units; rank senior to all Series A Junior Units, and rank in parity with all Series A Parity Units.

Related to Series A Parity Units

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

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

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.