Series A Unit definition

Series A Unit means a Series A Preferred Unit as defined in the AMID Partnership Agreement.

Series A Unit means a Series A unit of individual beneficial interest in the Trust, and includes Series A-1 Units, Series A-2 Units, Series A-C Units and Series A-IN Units;

Series A Unit means an ETP Security representing a fractional part of the ETP Securities of all Limited Partners and assignees, and having the rights and obligations specified with respect to Series A Cumulative Convertible Preferred Units in the ETP Partnership Agreement.

Examples of Series A Unit in a sentence

• The Managing Member has incurred and will continue to incur organizational and offering expenses, which are reimbursable from the Company at 2% of total gross proceeds from the Series A Unit and Bond offerings.

• The organizational and offering costs are not represented on the Company’s financial statements due to these being contingent upon a successful completion of the Series A Unit and Bond offerings.

• Common Units hold 100% of the voting interests.After the close of the initial Series A Unit purchase, the Company anticipates making quarterly preferred return payments to the Series A Unitholders at a rate of 8.00% per annum.

• The Company also has the right to delay or suspend Series A Unit redemptions if the Manager determines that the payment of the redemptions would harm remaining Unitholders, cause a default or violate covenants with any credit facilities of the Company, or materially impair the Company’s ability to operate.

• The Series A Units and Series B Units are to be offered initially to the public (“Offering”) at the offering price of $8.50 and $10.10 per Series A Unit and Series B Unit, respectively.

More Definitions of Series A Unit

Series A Unit means an MLP Security representing a fractional part of the MLP Securities of all Limited Partners and assignees, and having the rights and obligations specified with respect to Series A Cumulative Convertible Preferred Units in the MLP Partnership Agreement.

Series A Unit means a Series A membership interest that consists of full Profits Interest and full Voting Interest.

Series A Unit means a Company Non-Voting Unit designated as such, which Series A Unit shall have the rights described herein and otherwise governed by the terms and conditions of this Agreement

Series A Unit means a Unit having the rights and obligations specified with respect to a “Series A Unit” in this Agreement. “ Series B Unit ” means a Unit having the rights and obligations specified with respect to a “Series B Unit” in this Agreement.

Series A Unit means a Series A share or unit of a Fund and “Series A Units”, means, collectively, Series A shares or units of all of the Funds, subject to adjustments required to give effect to one or more Replacement Funds, if any, in the circumstances of what would otherwise be an Extraordinary Event;

Series A Unit means a Unit having the rights and obligations specified with respect to a “Series A Unit” in this Agreement.

Series A Unit means a Series A Convertible Preferred Unit previously designated as such in accordance with the Fourth Amended and Restated Limited Liability Company Operating Agreement of Wayfair LLC, dated as of March 5, 2014.