Examples of Series B Preferred Member in a sentence
Each Series B Preferred Member may change designation of its Series B Representative at any time upon written notice to the Company.
The Members agree and acknowledge that Twenty Million Dollars ($20,000,000) of the aggregate amount paid to the Company by the Series B Preferred Member as of the Second A&R Effective Date represents a reimbursement of certain project costs incurred by the Company and shall not be deemed a Capital Contribution hereunder, nor shall such amount be reflected in the Redemption Price (Series B) or Redemption Price Per Series B Preferred Unit.
If a Tag Along Exercise Notice is not received by the transferring Series A1 Preferred Members prior to the expiration of the Exercise Period, then the transferring Series A1 Preferred Members shall have the right to effect the Tag-Along Sale substantially as set forth in the Tag Along Transfer Notice without any participation by any non-exercising Series A2 Preferred Member or Series B Preferred Member.
The Partnership will hold the ownership interests in the Property Subsidiary as the sole Common Member and as a Series B Preferred Member (collectively, “Property Subsidiary Interest”), and the Property Subsidiary Interest will constitute the Partnership’s sole material asset.
Without limitation of Sections 6.13 and 14.8, the Members agree and acknowledge that no Series B Preferred Member, Series A2 Preferred Member or Series C Preferred Member, in its capacity as such, has any voting or other approval rights hereunder.
New clash- es break out between the Lebanese army and militants of the group Fatah al- Islam in the Palestinian refugee camp of Nahr el-Bared.
PKY (in its capacity as a Series B Preferred Member), by execution hereof, represents and warrants: [ ].28 Section 7.2. REIT Qualification Covenants.
Each of PKY and the Joint Venture has been admitted as a Series B Preferred Member.