Class A Preferred Interests definition

Class A Preferred Interests is defined in Section 5.01(a).
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Class A Preferred Interests has the meaning set forth in the LLC Agreement.
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Class A Preferred Interests has the meaning and economic rights set forth in Section 5.1.
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Examples of Class A Preferred Interests in a sentence

  • On the twentieth anniversary of the Closing Date (the "Maturity Date"), the Class A Preferred Interests shall be redeemed by the Partnership by payment to the holder thereof of a distribution in cash equal to the Face Value thereof as of such date (after taking into account any accretion in the Face Value pursuant to Section 5.03 through and including the date of redemption).

  • Distributions on the Class A Preferred Interests will be made on a mandatory basis each quarter.

  • Following such payment, the Class A Preferred Interests shall cease to be outstanding and all the rights of the holders thereof shall cease.

  • To the Class A Members in accordance with the Liquidation Preference of the Class A Preferred Interests.

  • The Company shall use the “traditional method” without curative allocations under Treasury Regulations Section 1.704-3(b) for reverse Section 704(c) allocations resulting from the revaluation of the Company’s assets for Book Value purposes in connection with initial issuance of Class A Preferred Interests.

  • To the Class A Members, first in respect of any unpaid distributions on the Class A Preferred Interests as of the Liquidation Event or Deemed Liquidation Event and second, in accordance with the Liquidation Preference of the Class A Preferred Interests.

  • All members of the Employee Investor Group shall be Non-Voting Members to the extent of both their Class A Preferred Interests and their Common Interests.

  • The Class A Preferred Interests will accrue distributions during each Quarterly Distribution Period at the rate of eight percent (8%) per annum from and after the Effective Date, calculated based on actual days elapsed in a year of 365 or 366 days, as applicable, on the then-current Face Amount of the Class A Preferred Interests.

  • The Class A Preferred Interests will accrue distributions during each Quarterly Distribution Period at the rate of twelve percent (12%) per annum until the Effective Date.

  • A portion of the foregoing transfers on each Citigroup Self-Clearing Date shall be in respect of the Membership Interests issued to the Initial Citigroup Members on the Closing Date (and no new Membership Interests will be issued) and a portion shall be in exchange for an additional issuance of Class A Preferred Interests, in each case as provided by Sections 3 and 4 of Schedule 3.7 to the LLC Agreement.


More Definitions of Class A Preferred Interests

Class A Preferred Interests or “Class A” shall mean a Member’s Capital Interests as further defined in Section 2.2(a) (“Class A Interest”).
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Class A Preferred Interests has the meaning given to such term in the VUE Partnership Agreement.
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Class A Preferred Interests means all of the outstanding Class A preferred membership interests of Primary Energy.
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Class A Preferred Interests as defined in the Partnership Agreement.
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Class A Preferred Interests means the Class A preferred membership interests of Primary Energy.
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Related to Class A Preferred Interests

  • 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 A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.