Examples of Series B Account in a sentence
FCFI shall have the sole right at all times to direct the Company to vote the shares of common stock of SHI in the Series B Account for all purposes, and the Company shall vote such shares in accordance with the direction of FCFI.
The Company shall not in any manner grant any proxy or otherwise encumber its right to vote such shares held in the Series B Account without the express prior written consent of FCFI.
The Company shall not (and shall not seek to) in any manner directly or indirectly sell or transfer (other than sales made in accordance with Article IX), pledge or in any other manner encumber or dispose of either the Series A Account Assets or the Series B Account Assets, in each case without the consent of AIG Capital (with respect to the Series A Account Assets) or FCFI (with respect to the Series B Account Assets).
The Series Property of Series A is the Series A Account Assets, and the Series Property of Series B is the Series B Account Assets.
AIG Capital shall have the right to cause the Company to sell all or any portion of the Series A Account Assets from time to time in accordance with Article IX, and FCFI shall have the right to cause the Company to sell all or any portion of the Series B Account Assets from time to time in accordance with Article IX.
Unless otherwise directed by the applicable holder of Series Interests, all Distributable Proceeds with respect to shares of SHI common stock held in the Series A Account or Series B Account shall be distributed to the applicable Series as soon as reasonably practicable following the completion of the sale.
Borrower agrees to close the Temporary Series B Account within five (5) Business Days of the Closing Date and to provide the Administrative Agent reasonably satisfactory evidence of the same concurrently therewith.
The remaining proceeds of the Series A Bonds shall be deposited by the Trustee in the Series A Account of the Project Fund and the remaining proceeds of the Series B Bonds shall be deposited by the Trustee in the Series B Account of the Project Fund, to be disbursed in accordance with Section 3.02 of the Agreement.
The Issuer will lend to the Borrowers and the Borrowers will borrow from the Issuer, upon the terms and conditions specified herein, the amount (not to exceed $500,000) of Proceeds received by the Issuer from the sale of the Series B Bonds by causing such Proceeds to be credited to the Project Fund – Series B Account under Section 3.01 for disbursement in accordance with Section 4.02 (the “Series B Loan”).
Effective as of the Agreement Date, Executive shall receive a grant of partnership profits interests in SFH (the “Series B-2 Incentive Units”), entitling Executive to receive one percent (1%) of all distributions made in excess of the value on the business day prior to the Agreement Date of the shares of Springleaf common stock held in the Series B Account (as defined in the Second Amended and Restated Limited Liability Company Agreement of Springleaf Financial Holdings, LLC (the “LLC Agreement”)).