Series A Preferred Member definition

Series A Preferred Member means a Member holding Series A Preferred Units.

Series A Preferred Member means a Member holding Series A Preferred Shares.

Series A Preferred Member has the meaning set forth in Section 3.2(a).

Examples of Series A Preferred Member in a sentence

• The Company shall furnish to each Series A Preferred Member a certificate setting forth, in reasonable detail, (i) the calculation of the adjustments computed in accordance with the terms hereof, (ii) the Series A Conversion Price then in effect and (iii) the Common Units Deemed Outstanding and the amount, if any, of Common Units that then would be received upon the conversion of such Member’s Series A Preferred Units.

• In addition, Purchaser shall pay one-third (1/3) of the Net Purchaser Royalties (as defined below) to each of the Series A Preferred Member and the Series B Preferred Members, such sum to be divided among the Series B Preferred Members in proportion to their percentage ownership interests in the Series B class of membership interests in Seller.

More Definitions of Series A Preferred Member

Series A Preferred Member means a holder of Series A Preferred Units.

Series A Preferred Member means Squadron Capital, LLC.

Series A Preferred Member means any Member owning Series A Preferred Units, which Member shall be identified as a Series A Preferred Member on Exhibit A, as such may be amended from time to time by the Board in accordance with this Agreement.

Series A Preferred Member means a holder of record of Series A Preferred Interests.

Series A Preferred Member has the meaning given to such term in the Company LLC Agreement; “Series A Preferred Return” has meaning given to such term in the Company LLC Agreement; “Specified Court” means the Court of Chancery for the State of Delaware in and for New Castle County, Delaware, or, if such court finds it lacks subject matter jurisdiction, the United States District Court located in the State of Delaware, or, if such court also finds it lacks subject matter jurisdiction, the state court of the State of Delaware; “Statement Preparation Principles” means (a) GAAP, and (b) to the extent consistent with GAAP, the accounting principles, practices, procedures, methodologies and policies that were employed in preparing the Consolidated Audited Statements (with consistent classifications, assumptions, judgments, inclusions, exclusions and valuation and estimation methodologies), in each case as modified by the accounting principles set forth in Exhibit A; “Statutory Accounting Principles” means (a) SAP, and (b) to the extent consistent with SAP, the accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies, that were used in the preparation of the Statutory Audited Statements; provided that, for purposes of calculating the total liabilities of the Captive Reinsurer, reserve balances in Trial Balance account 201020 (Loss Reserves- Loss Corridor) related to Treaty Year 2023 shall be calculated based on the same Managing General Agent gross loss ratio amount, consistent with actuarial standards, as that used to calculate Trial Balance account 200300 of the Company (as further described in Appendix A of Exhibit A); “Straddle Period” means a taxable period that includes (but does not end on) the Closing Date; “Subsidiary” of any person means another person, an amount of the voting securities, other voting rights or voting partnership interests of which is sufficient to elect at least a majority of its board of directors or other governing body and is owned directly

Series A Preferred Member means each Person that holds a Common Unit and has been admitted as a member in the Company, including the initial common member set forth in the preamble to this Agreement.