Examples of Series B Interests 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.
On the Effective Date, or as soon thereafter as is practicable, each holder of an Allowed ACC Series B Preferred Stock Interest shall receive, in full and complete satisfaction of such Allowed Equity Interest, such Allowed Equity Interest’s Pro Rata Share of Class ACC-BPfd’s Allocable Portion of the CVV Series B Interests.
In addition to the Series B Interests required to be purchased by the Managing Owner and/or its Affiliates under Section 3.2(b)(v), the Managing Owner and/or its Affiliates also may purchase any number of Series B Limited Interests as it or they determine in its or their discretion.
All proceeds from the sale of Series B Limited Interests offered pursuant to the Prospectus shall be deposited in an interest bearing escrow account at The Bank of New York, in New York, N.Y. until the conclusion of the Initial Offering Period for the Series B Interests.
In the event that 30,000 or more of the Series B Limited Interests are sold during the Initial Offering Period for the Series B Interests, the Trust may continue to offer Series B Limited Interests and admit additional Series B Limited Owners and/or accept additional contributions from existing Series B Limited Owners pursuant to the Prospectus as amended or supplemented from time to time.
The Managing Owner and/or its Affiliates shall, with respect to any Series B Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series B Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein.
In the event subscriptions for at least 30,000 of the Series B Interests are received and accepted during the Initial Offering for the Series B Interests, all interest earned on the proceeds of subscriptions from accepted subscribers for Series B Limited Interests during its Initial Offering Period will be contributed to Series B, for which the Series B Limited Owners will receive additional Series B Interests on a pro rata basis (taking into account time and amount of deposit).
After the payment in full of the First Priority Distribution, all Distributable Proceeds shall be distributed Pro Rata to holders of CVV Series B Interests until the CVV Series B Liquidation Preference shall have been paid in full.
After the payment in full of the First Priority Distribution, all Distributable Proceeds shall be distributed to holders of CVV Series B Interests until the CVV Series B Liquidation Preference shall have been paid in full.
The Holders of the Liquidation Trust Series B Interests shall appoint two members of the Liquidation Trust Committee (collectively, the “Class B Representatives” and each a “Class B Representative” and with the A Representatives, collectively the “Representatives”).