Series B Interest definition

Series B Interest means any share or other instrument evidencing a Series B preferred stock ownership interest in the Debtor, whether or not transferable or denominated "stock" or similar security, and any options, warrants, convertible security, or other rights to acquire such shares or other instruments, or any legal, equitable, or contractual Claim arising therefrom, including but not limited to Claims arising from the purchase or sale of any such security or instrument, the rescission of a purchase or sale of any such security or instrument, or for reimbursement or contribution on account of such a Claim.
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Series B Interest means, with respect to any holder of Series B Interests, the rights of such Member under this Agreement and applicable Law, including the rights to vote, to a share of Net Income and Net Loss, to Distributions and to a share of the Assets upon liquidation, all in accordance with this Agreement.
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Series B Interest means the Interest in the Company initially issued to Brookfield DTLA in consideration of its Initial Capital Contribution and the Series B Financing Commitment.
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Examples of Series B Interest in a sentence

  • No Person, other than a Person who holds a Series B Interest, shall have any claim on or any right to any assets allocated solely to the Series B Interests.

  • Cost recovery deductions are generally allocated 98% to the Series A Interest, 1% to the Series B Interest, and 1% to the Series C Interest.

  • The Series B Interest is allocated 1% of Phase I production and 98% of Phase II production.

  • Pursuant to the Series B Interest Award Agreement dated January 28, 2016 (“Grant date”), Haymaker Resources granted Series B interests to key employees.

  • C has recently exercised its option to purchase the Series B Interest.

  • Pursuant to the Original Sale Agreement, C purchased the Series A Interest from A and B and received an option to purchase the Series B Interest.

  • In exchange for the Series B Interest, A and B will receive an amount of cash at closing and the fixed recourse promissory note and contingent promissory note A and B received at the closing of the sale of the Series A Interest will be amended and restated to reflect the remaining price to be paid for the combined Series A Interest and Series B Interest.

  • The survey manager will provide a list of survey positions to the skipper or watch officer prior to commencement of grab operations.

  • The Amended and Restated Limited Liability Agreement of P executed on Date 4 will be amended and restated (the “New LLC Agreement”) to reflect the new ownership of the Series B Interest which will be combined with the Series A Interest into a Series A/B Interest.

  • The applicable interest rate for each Series A Interest Reset Period or Series B Interest Reset Period, as applicable, will be determined by the Calculation Agent as of the applicable Reset Interest Determination Date.


More Definitions of Series B Interest

Series B Interest means that series of Interests for a Limited Partner who has been designated by the General Partner as holding a Series B Interest and is reflected in the books and records of the Partnership as such, or otherwise designated by the General Partner as a Series B Interest.
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Related to Series B Interest

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class B Interests As set forth in the Trust Agreement.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Common Interest means employers engaged in the same industry or members of an Oklahoma trade association that has been in business for at least five (5) years.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class C Shares means shares of the Class C Common Stock.

  • Series B-1 Preferred Shares means the Company’s series B-1 preferred shares, par value US$0.00001 per share.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.