Limitations on Participation Rights Sample Clauses

Limitations on Participation Rights. An Equityholder may ----------------------------------- exercise its participation rights in accordance with Section 5(c)(i) or Section 5(c)(ii), as the case may be; provided, that no Class B Unit -------- may be included by any Equityholder participating in any Transfer pursuant to Section 5(c) unless the aggregate purchase price to be paid for all Common Investment Units to be included by the applicable Selling ABRY Investor, or Selling AMFM Investor in such Transfer is equal to or greater than the aggregate Unpaid Yield and Unreturned Common Investment Unit Capital Value for such Common Investment Units to be included by such Selling ABRY Investor or Selling AMFM Investor.
Sample 1
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Limitations on Participation Rights. A Non-ABRY Member may ----------------------------------- exercise his participation rights in accordance with Section 1(b); subject to the following limitations: (i) no Class B Unit may be included in any Transfer pursuant to Section 1(b) in any event unless such Unit is a Vested Unit, and (ii) no Class A Unit or Class B Unit may be included by any Non-ABRY Member in any Transfer pursuant to Section 1(b) unless the aggregate purchase price to be paid for all Class A Units to be included by the applicable ABRY Member in such Transfer is equal to or greater than the aggregate Unpaid Yield and Unreturned Capital Value for such Class A Units to be included by such ABRY Member. For the purposes of calculating the rights of the Non-ABRY Members to exercise any participation rights under this Section 1, the Non-ABRY Members shall not be allowed to Transfer, and shall not be deemed to hold (for the purposes of any calculations hereunder), any Securities that are Unvested Units.
Sample 1
Limitations on Participation Rights. The participation rights set forth in Section 5.1 shall be limited by the foregoing:
Sample 1
Limitations on Participation Rights. An Equityholder may ----------------------------------- exercise its participation rights in accordance with Section 5(c)(i) or Section 5(c)(ii), as the case may be, subject to the following limitations: (i) no Class B Unit may be included by any Capstar Investor in any Transfer pursuant to Section 5(c)(i) unless the aggregate purchase price to be paid for all Class A Units to be included by the applicable ABRY Investors in such Transfer is equal to or greater than the aggregate Unpaid Yield and Unreturned Capital Value for such Class A Units to be included by such ABRY Investor(s) and (ii) no Class B Unit may be included by any ABRY Investor in any Transfer pursuant to Section 5(c)(ii) unless the aggregate purchase price to be paid for all Class A Units to be included by the applicable Capstar Investors in such Transfer is equal to or greater than the aggregate Unpaid Yield and Unreturned Capital Value for such Class A Units to be included by such Capstar Investor(s).
Sample 1
Limitations on Participation Rights. An Equityholder may exercise its participation rights in accordance with Section 5(c)(i) or Section 5(c)(ii), as the case may be; provided, that no Class B Unit may be included by any Equityholder participating in any Transfer pursuant to Section 5(c) unless the aggregate purchase price to be paid for all Common Investment Units to be included by the applicable Selling ABRY Investor, or Selling AMFM Investor in such Transfer is equal to or greater than the aggregate Unpaid Yield and Unreturned Common Investment Unit Capital Value for such Common Investment Units to be included by such Selling ABRY Investor or Selling AMFM Investor.
Sample 1

Related to Limitations on Participation Rights

  • Limitations on Participant Rights A Participant shall not be entitled to receive any greater payment under Sections 2.12, 2.13 or 2.15 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent or except to the extent the right to greater payment results from a Change in Law after the Participant becomes a Participant.

  • Limitations on Rights of Participants A Participant shall not be entitled to receive any greater payment under Section 2.12 or 2.13 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.14 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.14(e) as though it were a Lender.

  • Limitations on Interest It is expressly the intent of Landlord and Tenant at all times to comply with applicable law governing the maximum rate or amount of any interest payable on or in connection with this Lease. If applicable law is ever judicially interpreted so as to render usurious any interest called for under this Lease, or contracted for, charged, taken, reserved, or received with respect to this Lease, then it is Landlord’s and Tenant’s express intent that all excess amounts theretofore collected by Landlord be credited on the applicable obligation (or, if the obligation has been or would thereby be paid in full, refunded to Tenant), and the provisions of this Lease immediately shall be deemed reformed and the amounts thereafter collectible hereunder reduced, without the necessity of the execution of any new document, so as to comply with the applicable law, but so as to permit the recovery of the fullest amount otherwise called for hereunder.

  • Participation Rights At least 20 days prior to any Transfer, in any one transaction or series of related transactions, by a holder of Class A Unit, Class B Units or Class C Units, of any Units (other than one or more Transfers (i) pursuant to a transaction pursuant to Section 10.3 or Section 15.7, (ii) to any Affiliate of the Investors or Contributors, as applicable, (iii) which are Exempt Transfers or (iv) to any current or former officer, employee, manager, director, member, partner or co-investor of the Investors or any of their Affiliates), such holder of Class A Units, Class B Units and/or Class C Units (the “Transferring Unitholder”) shall deliver a written notice (the “Sale Notice”) to the LLC and to each of the other Unitholders (the “Other Unitholders”), specifying in reasonable detail the number and class of Units to be Transferred and the terms and conditions of the contemplated Transfer. The Other Unitholders holding the same class or series of Units (with the Class A Units, Class B Units, Class C Units and Class D Units each being treated as a separate class or series for purposes of this Section 10.2) may elect to participate in the contemplated Transfer by delivering written notice to the Transferring Unitholder within 20 days after delivery of the Sale Notice (such Unitholders delivering such notice of election in accordance with this Section 10.2, collectively, the “Electing Unitholders”). Such participation shall be based upon the Pro Rata Share represented by the Units requested to be included in such Transfer by each Unitholder relative to the Pro Rata Share of all Units of such class or series held by the Unitholders participating in such Transfer (including the Transferring Unitholder). Each Electing Unitholder shall Transfer his, her or its Units on the same terms and conditions, with the aggregate consideration to be paid in connection with such Transfer allocated among each Unit included therein based on such Unit’s Pro Rata Share, determined based upon the Total Equity Value Proceeds implied by the price offered in the Sale Notice; provided that in the event that Units being transferred by the Transferring Unitholder are comprised solely of Class A Units or Class B Units, the aggregate consideration to be paid in connection with such Transfer shall be allocated based on the proportionate Class A Unreturned Capital and Class A Unpaid Yield, or Class B Unreturned Capital and Class B Unpaid Yield, as the case may be. Notwithstanding the foregoing, (A) if the Transferring Unitholder intends to Transfer Units of more than one class or series, each of the Other Unitholders electing to participate must participate in all such Transfers (to the extent such Other Unitholders hold such other class or series), (B) if such Transfer constitutes a Sale of the LLC, the Class D Units shall be deemed to be the same class of Units as the Class C Units for the purpose of this Section 10.2, and (C) in no event shall any Unitholder be entitled to Transfer any unvested Management Incentive Units pursuant this Section 10.2.

  • Limitations upon Participant Rights A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender.

  • Limitations on Transferability This Agreement is personal to the Grantee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution.

  • Limitations on Powers Notwithstanding any other provision of this Agreement and any provision of law, the Company shall not engage in any business or activity other than as set forth in this Agreement.

  • Limitations on Rights of Others The provisions of this Agreement are solely for the benefit of the Owner Trustee, the Depositor, the Certificateholder, the Servicer and, to the extent expressly provided herein, the Trustee, the Trust Collateral Agent and the Noteholders, and nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Owner Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

  • Limitations on Subsequent Registration Rights From and after the date of this Agreement, the Company shall not, without the prior written consent of Holders holding a majority of the Registrable Securities enter into any agreement with any holder or prospective holder of any securities of the Company giving such holder or prospective holder any registration rights the terms of which are pari passu with or senior to the registration rights granted to the Holders hereunder.

  • Limitation on Participant Rights A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender.

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