Series A Preferred Capital definition

Series A Preferred Capital means a Capital Account balance equal to the product of (i) the number of Series A Preferred Units then held by the General Partner multiplied by (ii) the sum of $25, any Preferred Distribution Shortfall per Series A Preferred Unit and any accrued and unpaid distribution per Series A Preferred Unit for the current distribution period.

Series A Preferred Capital means a Capital Account balance equal to the product of (i) the number of Series A Preferred Units then held by the Partner multiplied by (ii) the sum of $25 and any Preferred Distribution Shortfall per Series A Preferred Unit.

Series A Preferred Capital means an amount, per Series A Preferred Unit, equal to the sum of (i) the Series A Preferred Stated Value and (ii) any Preferred Distribution Shortfall per Series A Preferred Unit.

Examples of Series A Preferred Capital in a sentence

• As of the date of such transfer, the transferee shall succeed to the Capital Account, Common Capital Contribution, Preferred Capital Contribution, Series A Preferred Capital Contribution and Series B Preferred Capital Contribution of the transferor Partner, to the extent that the transferor's Capital Account, Common Capital Contribution, Preferred Capital Contribution, Series A Preferred Capital Contribution and Series B Preferred Capital Contribution relate to the transferred interest.

• Effective January 1, 1997, the Partnership designates and authorizes the issuance of Series A 10% Payment-in-Kind Preferred Limited Partner Interests ("Series A Preferred Interests") previously entitled the "Series A Preferred Capital Interests".

• Any such additional Capital Contribution made by FUR Subsidiary shall constitute Series A Preferred Capital.

• Except as agreed to by the Partners in accordance with Section 3.2 hereof, there shall be no further assessments for additional Common Capital Contributions, Series A Preferred Capital Contributions or Series B Preferred Capital Contributions by the Partners to the Partnership.

• Any Series B Preferred Capital acquired by FUR Subsidiary hereunder shall be automatically converted without any action by the Company on the Option Closing Date into an equal amount of Series A Preferred Capital.

• Any Senior Preferred Capital acquired by FUR Subsidiary hereunder shall be automatically converted without any action by the Company on the Option Closing Date into an equal amount of Series A Preferred Capital.

• The Series A Preferred Redemption Amount payable with respect to each Series A Unit would be equal to the sum of the Series A Preferred Capital ($116.1639629083) plus the Value of a share of Stock ($5.00), or $121.1639629083.

• The Series A Preferred Redemption Amount payable with respect to each Series A Unit would be equal to the sum of the Series A Preferred Capital ($116.1639629083) plus the Value of a share of Stock ($0.10), or $116.2639629083.

• If there is neither Senior Preferred Capital nor Series B Preferred Capital outstanding and FUR Subsidiary has not exercised its call option pursuant to either or both Section 19(c) and/or Section 19(d), then FUR Subsidiary may elect to convert all of its outstanding Series A Preferred Capital to Class B Common Capital within five (5) business days of the expiration of FUR Subsidiary's call options under said Sections 19(c) and 19(d).

• As of the date of such transfer, the transferee shall succeed to the Capital Account, Common Capital Contribution, Series A Preferred Capital Contribution, Series B Preferred Capital Contribution and Series C Preferred Capital Contribution of the transferor Partner, to the extent that the transferor's Capital Account, Common Capital Contribution, Series A Preferred Capital Contribution, Series B Preferred Capital Contribution and Series C Preferred Capital Contribution relate to the transferred interest.

More Definitions of Series A Preferred Capital

Series A Preferred Capital means, with respect to each Series A Preferred Unit as of any particular date, an amount equal to the sum of (i) the Series A Preferred Stated Value, and (ii) the Series A Preferred Distribution Shortfall. Series A Preferred Distribution Date means the 15th day of each January, April, July and October of each year (or, if not a business day, the next succeeding business day).

Series A Preferred Capital means, with respect to each Series A Preferred Unit as of any particular date, an amount equal to the sum of (i) the Series A Preferred Stated Value, and (ii) the Series A Preferred Distribution Shortfall.

Series A Preferred Capital means $2,745,000.00.

Series A Preferred Capital shall have the meaning given thereto in the LLC #1 Agreement.

Series A Preferred Capital means $26,500,000 contributed by FUR Subsidiary, as such amount may be increased or reduced from time to time in accordance with Sections 9 and 19.