Series A-2 Preferred Units definition

Series A-2 Preferred Units means the Series A-2 Preferred Units issued to the Holdings Member as set forth on Exhibit A as of the Effective Date and any other Units issued after the date hereof and designated as Series A-2 Preferred Units.

Series A-2 Preferred Units means the Series A-2 Preferred Units of the Company.

Series A-2 Preferred Units means the Series A-2 Cumulative Convertible Preferred Partnership Units.

Examples of Series A-2 Preferred Units in a sentence

• The Membership Interests of the Company shall be divided into five classes of Units: Class A Units, Class B Units, Class C Units, Series A Preferred Units, Series A-1 Preferred Units and Series A-2 Preferred Units.

• All of the remaining Sale Proceeds, if any, after the redemption of all then-outstanding Series A-2 Preferred Units and Series B Preferred Units, shall be distributed to the Crestwood Member in respect of the Common Units and thereafter the Company will be terminated pursuant to Section 10.03.

• The Series A-1 Preferred Units received by such Holders shall first reduce the amount of Series A-3 Preferred Units received by such Holder before reducing the amount of Series A-2 Preferred Units received by such Holder.

• PHP Holdings will record such transfer and issuance of PHPH Series A-2 Preferred Units to ALTA, which such units shall at all times prior to the Merger be reserved by PHPH for issuance pursuant to this Section 4.2. The MPT Parties hereby approve the exchange, transfer and issuance of PHPH Series A-2 Preferred Units to ALTA.

• If the foregoing conditions set forth in clauses (x), (y) and (z) are all satisfied, then, upon completion of the Sale Transaction, all then-outstanding Series A-2 Preferred Units and Series C Preferred Units shall be deemed to have been redeemed in full for the Sale Proceeds.

• Immediately upon the receipt of any Accordion Capital Contribution by the Crestwood Member, except as provided in the penultimate sentence of Section 4.02(b)(i), the Company shall issue to the Crestwood Member a number of Series A-2 Preferred Units equal to the amount of such Accordion Capital Contribution made by the Crestwood Member divided by the Series A-2 Preferred Unit Price.

• The issued and outstanding Membership Interests of the Company consists of 6,206,382 Common Units, 762,500 Threshold Common Units, 1,856,308 Incentive Common Units, 1,130,621 Series A-1 Preferred Units and 947,799 Series A-2 Preferred Units, each as defined in the Operating Agreement, all of which are owned of record and beneficially by Sellers, and all such Membership Interests have been duly authorized and validly issued and have not been issued in violation of any Contract to which the Company is bound.

• RLI will also indirectly hold 53.6% of the New LightSquared Series A-1 Preferred Units, 14.23% of the Series A-2 Preferred Units, 31.42% of the Series B Preferred Units, and 25.63% of the Series C Preferred Units.

• Prior to the consummation of the Phase I Transactions, PHP Holdings redeemed all of such 32,402,885 Series A-2 Preferred Units from PPG and PHS pursuant to the Redemption Agreements and, as a result thereof, there are no PHPH Series A-2 Preferred Units issued and outstanding as of the date hereof.

• The classes of authorized Units as of the Effective Date are the Series A-2 Preferred Units, the Series B Preferred Units, the Series C Preferred Units and the Common Units (it being understood that all of the Series A Preferred Units issued under the Prior LLC Agreement were redeemed and extinguished on the Effective Date).

More Definitions of Series A-2 Preferred Units

Series A-2 Preferred Units. The Profits Units shall initially be divided into four series of units referred to as “Series B Units”, “Series C Units”, “Series D Units” and “Series E Units”. The Company is authorized to issue up to 60,000,000 units designated as “Series A-l Preferred Units”, 48,000,000 units designated as “Series A-2 Preferred Units”, 16,923,077 units designated as “Series B Units”, 8,791,209 units designated as “Series C Units”, 13,538,462 units designated as “Series D Units” and 7,032,967 units designated as “Series E Units”. The Series A-2 Preferred Units shall have a Designated Value of $1.25; provided, however, that such Units shall not constitute “profits interests” as described in Sections 3.2(d), (e), (f) and (g).

Series A-2 Preferred Units is defined in Section 3.2(a).

Series A-2 Preferred Units means Series A-2 Cumulative Convertible Preferred Partnership Units of the Partnership.

Series A-2 Preferred Units shall have the meaning ascribed thereto in the Operating Partner's Limited Partnership Agreement, as amended.

Series A-2 Preferred Units means a class of preferred units in Reorganized Holdings with a second priority liquidation preference of up to $56.6 million.