Examples of Series A Unitholders in a sentence
Additionally, the Company anticipates making one additional preferred return payment to the Series A Unitholders at a rate of 1.5% per annum.
The Partnership shall provide written notice to the Series A Unitholders, not later than the last Business Day of the month immediately following the end of such Quarter, describing in reasonable detail the Partnership’s calculation of Available Cash for such Quarter and the portion, if any, of the Series A Quarterly Distribution the Partnership will be unable to pay on the applicable Series A Distribution Payment Date.
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.
Since June 30, 2023, the Company has executed two closings resulting in total bond and equity gross proceeds of $4.2 and $3.3 million, respectively.On July 24, 2023, the Company made its first quarterly interest payment to the Bondholders and the Series A Unitholders in the amounts of $572,456 and $283,514, respectively.
Member’s capital (continued)For the period January 23, 2023 (commencement of operations) through June 30, 2023, capital contributions by Series A Unitholders totaled $9.62 million, and no distributions occurred.
The Company anticipates making quarterly preferred return payments to the Series A Unitholders at a rate of 8.00% per annum.
The amount of this fee will be deducted from distributions to Series A Unitholders.
Any Merger Consideration or Series A Unit Consideration remaining unclaimed by Common Unitholders or Series A Unitholders immediately prior to such time as such amounts would otherwise escheat to, or become property of, any Governmental Authority shall, to the extent permitted by applicable Law, become the property of SXL free and clear of any claims or interest of any Person previously entitled thereto.
Any Merger Consideration or Series A Unit Consideration remaining unclaimed by Common Unitholders, Class F Unitholders, Series A Unitholders or holders of Unit Options immediately prior to such time as such amounts would otherwise escheat to, or become property of, any Governmental Authority shall, to the extent permitted by applicable Law, become the property of Parent free and clear of any claims or interest of any Person previously entitled thereto.
The Partnership agrees that it will act in good faith to make any adjustment(s) required by this Section 5.12(b)(viii) equitably and in such a manner as to afford the Series A Unitholders the benefits of the provisions hereof, and will not take any action that could reasonably be expected to deprive such Series A Unitholders of the benefit hereof.