Class A-2 Common Units Sample Clauses

Class A-2 Common Units. (1) On and as of the Effective Date, TRC has, pursuant to the Contribution Agreement, made a Capital Contribution to the Company in the form of an assignment and conveyance by TRC of its (and/or its Affiliates’) interests in the Business Assets (as described in the and pursuant to the Contribution Agreement) as of the time immediately prior to the Effective Date. In consideration of such Capital Contribution by TRC pursuant to the Contribution Agreement, TRC is hereby admitted to the Company as a member and is hereby issued that number of Class A-2 Common Units as are set forth opposite TRC’s name on Exhibit A, attached hereto. As of the Effective Date, TRC shall be ascribed an initial Capital Account in the Company in an amount as set forth opposite TRC’s name on Exhibit A, attached hereto, such Capital Account representing the agreed-upon net fair market value (as of the Effective Date) of the Capital Contribution made to the Company by TRC pursuant to the Contribution Agreement. Upon the issuance of any Class A-3 Common Units pursuant to the Offering (defined below), the number of Class A-2 Common Units outstanding shall thereupon automatically (without the further need for any action or approval on the part of any Person) be reduced on a one-for- one basis (i.e., based on the number of such Class A-3 Common Units so issued pursuant to the Offering).
Sample 1
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Class A-2 Common Units. The Partnership is hereby authorized to issue Class A-2 Common Units.
Sample 1

Related to Class A-2 Common Units

  • Class B Units The term “Class B Units” means the Units having the privileges, preferences, and rights specified with respect to “Class B Units” in this Agreement, including those described in Section 7.1(c)(3).

  • Class A Units If a Warrantholder exercises Warrants in connection with a tender offer for settlement prior to the First Regular Call Date, each Class A Unit called in connection with such exercise shall receive, in addition to principal and accrued interest, $1.50 per Class A Unit from the proceeds of the Warrant exercise. Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid. If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.

  • Class A Common Stock Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock having a preference over or the right to participate with the Class A Common Stock with respect to the payment of dividends and other distributions in cash, stock of any corporation or property of the Corporation, the holders of Class A Common Stock shall be entitled to receive ratably, taken together as a single class, in proportion to the number of shares held by each such stockholder such dividends and other distributions as may from time to time be declared by the Board in its discretion out of the assets of the Corporation that are by law available therefor at such times and in such amounts as the Board in its discretion shall determine.

  • Class B Common Stock 2 Closing........................................................................5

  • Class A Shares Shares of the Company’s $0.01 par value common stock that have been designated as Class A.

  • Common Units The capital structure of the Company shall consist of one class of common interests (the "Common Units"). The Company shall have authority to issue one thousand (1,000) Common Units. Each Common Unit shall have one vote and shall otherwise be identical with each other Common Unit in every respect.

  • Preferred Units Without the consent of any Common Unitholder, the Board may cause the Company to issue one class of Preferred Units, which Preferred Units would have rights senior to those of the Common Units, and such other characteristics as the Board may determine, but, for so long as the Company operates as a BDC, in a manner that complies with the legal requirements applicable to a BDC. Prior to the issuance of a series of Preferred Units, the Board shall set the terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to distributions, qualifications and terms or conditions of redemption.

  • Class B Shares As of December 1, 2009, Class B shares of the Virtus Mutual Funds are no longer available for purchase by new or existing shareholders, except for the reinvestment of dividends or capital gains distributions into existing Class B share accounts, and for exchanges from existing Class B share accounts to other Virtus Mutual Funds with Class B shares.

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