Subscribed Interest of any (a) Investor (other than with respect to an Investor’s subscription to make Capital Contributions directly to the Initial Guarantor) means the limited or general partnership interest, membership interest or other equity interests of such Investor in a Pledgor under the Governing Agreement and (b) Investor who subscribes to make Capital Contributions directly to the Initial Guarantor (including the Initial Investors), such Investor’s obligation to make Capital Contributions to the Initial Guarantor pursuant to such Investor’s Subscription Agreement and the applicable Governing Agreement. For the avoidance of doubt, “Subscribed Interest” shall not include any shares of Class E common stock (or any other class of common stock) of the Initial Guarantor issued to an Investor by the Initial Guarantor upon such Investor making a Capital Contribution; provided that if a Transfer of such Class E Common stock (or any other class of common stock) of the Initial Guarantor by such Investor would result in the (i) Transfer by such Investor of such Investor’s obligations to make Capital Contributions to the Initial Guarantor or (ii) a Capital Event, then such Class E common stock (or any other class of common stock) of the Initial Guarantor issued to such Investor will be deemed “Subscribed Interests” hereunder and shall be governed by Section 10.05 or Section 10.06, as applicable.

Subscribed Interest of any Investor means (a) with respect to Initial Guarantor, the Class N common stock of such Investor in Initial Guarantor under the REIT Governing Documents, and (b) with respect to any other Guarantor or Approved Intermediary, the limited or general partnership interest, membership interest or other applicable Equity Interest of such Investor in such Guarantor or Approved Intermediary, as applicable, under the applicable Constituent Document of such Guarantor or such Approved Intermediary.

Examples of Subscribed Interest in a sentence

The Borrower will give prior written notice to the Administrative Agent of any Capital Event with respect to any Investor, and will deliver copies of notices relating thereto, and, if such Capital Event is a Transfer by an Investor of its all or any portion of its Subscribed Interest, relevant documents relating to such Transfer, and information about the transferee as reasonably required by the Administrative Agent in order to effect its due diligence under this Agreement prior to such Transfer.
The Borrower may not permit the Transfer of the Subscribed Interest of any Investor without the prior written consent of the Administrative Agent, acting alone, which will not be unreasonably withheld or delayed.

More Definitions of Subscribed Interest

Class A Shareholder means a holder of Class A Shares;
Class A Shares means the Class A ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class A Shares, and having the rights provided for in these Articles.
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.
Initial Shareholders means the Sponsor, the Directors and officers of the Company or their respective affiliates who hold shares prior to the IPO;