Series B Convertible Preferred Units definition

Series B Convertible Preferred Units means the preferred interest of a Member of the Company issued in accordance with Section 12.3.

Series B Convertible Preferred Units means, as of any date, the Series B Convertible Preferred Units designated as such in accordance with this Agreement and which are convertible into Common Units. The number of Series B Convertible Preferred Units held by each Series B Convertible Preferred Member as of any date is set forth on Exhibit A (as amended from time to time in accordance with the terms hereof) as in effect on such date.

Series B Convertible Preferred Units has the meaning set forth in Section 9.2(b) hereof.

Examples of Series B Convertible Preferred Units in a sentence

• The authorized number of shares of Series B Convertible Preferred Units shall be 5,000,000.

• The Series B Convertible Preferred Units shall be converted into Common Units at the time, at the conversion price and in such number as the Related Issue is converted into Common Stock.

• Upon any conversion or any redemption, repurchase or other acquisition by the Operating Partnership of Series B Convertible Preferred Units, the Series B Convertible Preferred Units so converted, redeemed, repurchased or acquired shall be retired and canceled.

• Upon the redemption of any shares of the Related Issue, the Operating Partnership shall redeem an equal number of Series B Convertible Preferred Units for a redemption price per unit equal to the redemption price per share of the Related Issue, exclusive of any accrued unpaid dividends.

• No fractional Conversion Units or scrip representing fractions of Conversion Units shall be issued upon conversion of Series B Convertible Preferred Units.

• Common Units issuable upon the conversion of Series B Convertible Preferred Units shall be deemed "Conversion Units" hereunder.

• Holders of Series B Convertible Preferred Units shall be entitled, in lieu of the foregoing and at the option of each holder of Series B Convertible Preferred Units (such option applying to all Series B Convertible Preferred Units held by the holders electing such election), to participate in any dissolution of the Company as if such holder had converted its Series B Convertible Preferred Units into Units immediately prior to such dissolution.

• Underfrequency (81U) with Time DelayThe frequency relays must be solid state or microprocessor technology.

• All redemptions of the Series C Preferred Units pursuant to this Section 12.5(c) shall be made concurrently with the redemption of Series B Convertible Preferred Units pursuant to Section 12.4(c) and, in the case of redemption pursuant to clause (y) above, the consummation of such sale, lease, exchange or other transfer shall be a condition to such redemption.

• After the Closing Date, a Member may not transfer any of its Units, Series A Preferred Units or Series B Convertible Preferred Units except as specifically permitted pursuant to this Article XI.

More Definitions of Series B Convertible Preferred Units

Series B Convertible Preferred Units has the meaning set forth in the Operating Agreement.

Series B Convertible Preferred Units has the meaning assigned to such term in the Partnership Agreement, as in effect on the date of the indenture.

Series B Convertible Preferred Units has the meaning set forth in the Company LLCA.

Series B Convertible Preferred Units shall have the meaning set forth in Section 4.2(a)(i).

Series B Convertible Preferred Units will have the meaning assigned to such term in the Preamble hereof.

Series B Convertible Preferred Units means the Company’s Series B Convertible Preferred Units and in the event of a Corporate Conversion, shares of NewCo’s Series B Preferred Stock.