Class A Distribution Period definition
Examples of Class A Distribution Period in a sentence
After the completion of the Class A Distribution Period and the Class B Distribution Period and upon the liquidation of the Company, the holders of the Class A Interests shall be entitled to receive distributions in accordance with Section 2.7(a)(ii) hereof.
Except as otherwise provided in Section 13, the Company shall make distributions, as and when declared by the Managing Member, to the Class A Limited Members on each Class A Distribution Date, in an amount equal to the cumulative amount of the Class A Limited Member Preferred Return accrued in respect of the related Class A Distribution Period for each such Class A Limited Member’s Unrecovered Capital.
Except as otherwise provided in Section 13, the Company shall make distributions, as and when declared by the Managing Member, to the Class A Limited Members on each Class A Distribution Date, in an amount equal to the cumulative amount of the applicable Class A Limited Member Preferred Return accrued in respect of the related Class A Distribution Period for each such Class A Limited Member’s Unrecovered Capital.
Prior to the expiration of any Fixed Rate Period, the Company will have the option to again remarket the applicable Class B Limited Membership Interests to establish a new Fixed Rate for and a new Fixed Rate Period for such Series of Class B Limited Membership Interests (to be in effect after the expiration of the then current Class A Distribution Period or Class B Distribution Period).
Except as otherwise provided in Section 13, the Company shall make distributions, if, as and when declared by the Managing Member, to the Class A Limited Members on each Class A Distribution Date, in an amount equal to the cumulative amount of the Class A Limited Member Preferred Return accrued in respect of the related Class A Distribution Period for each such Class A Limited Member’s Unrecovered Capital.