Class C Rights definition

Class C Rights means the approval rights of the Class C Unit Holders set forth in Section 16.3, the distribution rights and priorities of the Class C Unit Holders with respect to Class C Units set forth in Articles 5 and 13, the Class C Director Rights and, where and when applicable, the Special General Partner Rights. For the avoidance of doubt, if the Class C Unit Holders exercise their option to convert Class C Units into OP Units pursuant to Section 16.4 hereof and immediately thereafter exercise their right to redeem the OP Units received in exchange for Class C Units pursuant to Section 8.6(a) hereof, and a Nonredemption Event occurs (including in connection with any election by an OP Unit Holder to retain the number of OP Units corresponding to any Over-Threshold Shares pursuant to Section 8.6(b)), the OP Unit Holder shall in that case, for so long as it retains such OP Units and so long as a redemption of Common Stock would have a Common Stock Value of at least $5,000,000, retain all of its Class C Rights as if each such OP Unit was a Class C Unit.
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Class C Rights means the rights, options, warrants or convertible or exchangeable securities entitling the holders of Class C REIT Shares to subscribe for or purchase additional Class C REIT Shares, or any other securities or property.
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Examples of Class C Rights in a sentence

  • Any Transfers shall be subject, in addition to the provisions of this ‎Article 11, to the Class C Rights.

  • Subject to the Class C Rights, the Partnership may incur Debt, or enter into similar credit, guarantee, financing or refinancing arrangements for any purpose (including in connection with any acquisition of property) with any Person upon such terms as the General Partner determines appropriate.

  • Subject to the Class C Rights, if the Partnership issues Partnership Interests to the General Partner or any additional Limited Partner pursuant to Article 4, the General Partner shall make such revisions to this Article 6 and Exhibit B as it deems necessary and as permitted pursuant to the terms hereof (including the Class C Rights) to reflect the terms of the issuance of such Partnership Interests, including making preferential allocations to classes of Partnership Interests that are entitled thereto.

  • Subject to the Class C Rights, if the Partnership issues Partnership Interests in accordance with Section 4.2 or 4.3, the distribution priorities set forth in Section 5.1 shall be amended, as necessary and as permitted pursuant to the terms hereof (including the Class C Rights), to reflect the distribution priority of such Partnership Interests and corresponding amendments shall be made to the provisions of Exhibit B.

  • The Board of Directors of the Company may, but shall not be required to, establish procedures to allocate the right to receive (a) shares of Class A Common Stock upon the exercise of the Class A Rights among holders of Class A Rights, (b) shares of Class B Common Stock upon the exercise of the Class B Rights among holders of Class B Rights and (c) shares of Class C Common Stock upon the exercise of the Class C Rights among holders of Class C Rights, in each case, pursuant to this Section 11(a)(iii).

  • Nothing in this Agreement shall be construed to limit the requirements and restrictions otherwise applicable to the Covered Shares (including, without limitation, the requirements and restrictions of the LLC Agreement, including the Class C Rights Description.

  • The term "Class C Rights Description" means the Rights and Terms of the Class C Common Shares set forth as Exhibit C to the LLC Agreement.

  • In the event of any such suspension, the Company shall issue a public announcement stating that the exercisability of the Class A Rights, the Class B Rights and the Class C Rights has been temporarily suspended, as well as a public announcement at such time as the suspension is no longer in effect.

  • No Order shall be in effect that restrains or prohibits the Initial Closing, in the case of the Initial Closing, or Subsequent Closing, in the case of a Subsequent Closing, or the consummation of the other transactions at the applicable Closing contemplated herein, including the exercise by the Investor of (a) its material rights as holder of the Redeemable Preferred Share under the Charter (including the Articles Supplementary) or the Bylaws and (b) the Class C Rights (as defined in the A&R Opco LPA).

  • The Participant shall be entitled to vote both vested and unvested Covered Shares (as described in Section 9 of the Class C Rights Description); provided, however, that the Participant shall not be entitled to vote the shares with respect to voting record dates arising prior to the Grant Date, or with respect to voting record dates occurring on or after the date, if any, on which the Participant has forfeited those Covered Shares.

Related to Class C Rights

  • Class C Shares means shares of the Class C Common Stock.

  • Class C Note Balance means, at any time, the Initial Class C Note Balance reduced by all payments of principal made prior to such time on the Class C Notes.

  • Accrued Class C Note Interest means, with respect to any Payment Date, the sum of the Class C Noteholders’ Monthly Accrued Interest for such Payment Date and the Class C Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.