Series of Interests Sample Clauses

Series of Interests. The Company may be a series limited liability company pursuant to Section 18-215 of the Act, and each class of Interests created pursuant to Section 5.2 hereof may be designated by the Directors as a separate series of the Company within the meaning of Section 18-215 of the Act (each, a "Series"). As such, separate and distinct records shall be maintained by the Company for each Series and the assets of the Company associated with a particular Series shall be held and accounted for by the Company in such separate and distinct records separately from the assets of any other Series or the general assets of the Company. Except to the extent otherwise expressly provided in this Agreement or in the terms of the instrument establishing such Series, (i) the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Series shall be enforceable against the assets of such Series only, and not against the assets of the Company generally or the assets of any other Series and (ii) none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a particular Series shall be enforceable against the assets of any other Series or the general assets of the Company. Notice of this limitation on interseries liabilities shall be set forth in the certificate of formation of the Company (whether originally or by amendment) as filed or to be filed in the Office of the Secretary of State of the State of Delaware pursuant to the Act, and upon the giving of such notice in the certificate of formation, the statutory provisions of Section 18-215 of the Act relating to limitations on interseries liabilities (and the statutory effect under Section 18-215(b) of setting forth such notice in the certificate of formation) shall become applicable to the Company and each Series. Every note, bond, contract or other undertaking issued by or on behalf of a particular Series shall include a recitation limiting the obligation represented thereby to that Series and its assets.
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Series of Interests. (a) The General Partner may, in its sole discretion, from time to time, create and issue additional series, classes, sub-classes, tranches, groups or other categories of Interests (collectively referred to as a “Series”), upon such terms and with such rights, preferences and privileges as the General Partner may, in its sole discretion and subject to applicable law, determine and without the approval of the Limited Partners; provided that such creation and issuance shall not adversely affect the rights of existing Limited Partners. Subject to applicable law, any Series of Interests may have terms that differ from the terms of any other Series, including, without limitation, different investment objectives and strategies, withdrawal terms, voting rights, minimum subscription requirements, distribution policies, currency denominations, management fees, and incentive allocations. If the terms of such Series differ from the terms set forth herein, such terms shall be set forth in schedules attached hereto applicable to each such Series (each, an “Annex”). In addition, the Onshore Partnership may issue additional Series to Limited Partners in order to track participation in “new issues” (as defined in Financial Industry Regulatory Authority rules).
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Series of Interests. Upon the establishment from time to time of the Series, the following provisions shall be applicable:
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Series of Interests. The General Partner may, with the consent of a majority-in- Interest of the Limited Partners, create multiple series of Interests (each a “Series”) with such rights and obligations and subject to such terms and conditions, including without limitation, the amount of Commitment and Commitment Period, as the General Partner and FCERA mutually determine and cause to include in the series designation relating to the relevant Series (“Series Designation”). The Interests issued on the initial Closing Date are hereby designated as the “First Series”. Each separate Series shall generally represent the aggregate ownership interests in the relevant Investments attributable thereto. All Series of‌ Interests shall be subject to the terms of this Agreement unless otherwise specified in the Series Designation with respect to the relevant Series. To the extent the General Partner and FCERA agree to create a Series pursuant to Section 17-218 of the Act, no debt, liability or obligation of such Series shall be a debt, liability or obligation of any other Series. The debts, liabilities and obligations incurred, contracted for or otherwise existing with respect to such Series shall be enforceable against the assets of such Series only and not against any other assets of the Partnership generally or any other Series, and none of the debts, liabilities and obligations incurred, contracted for or otherwise existing with respect to the Partnership generally, or of any other Series shall be enforceable against the assets of such Series. The records maintained for each Series created pursuant to Section 17-218 of the Act shall account for the assets associated with such Series separately from the other assets of the Partnership, or any other Series, and assets associated with such Series may be held, directly or indirectly, including in the name of such Series, in the name of the Partnership, through a nominee or otherwise. The Partnership shall not commingle the assets of one Series created pursuant to Section 17-218 of the Act with the assets of any other Series or the assets, if any, of the Partnership, generally. All allocations and distributions pursuant to Articles III and VIII will be calculated separately for each Series created pursuant to Section 17-218 of the Act, and the related definitions will be interpreted accordingly. The parties hereto acknowledge that they intend each Series of the Partnership created pursuant to Section 17-218 to be taxed as a separate partners...
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Series of Interests. ‌ Statement of Series
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Series of Interests. The Trustees shall have the power to divide the Trust Property into two or more Series and may further divide each Series into separate Classes. The following provisions shall be applicable to such Series and Classes and any further Series and Classes that may from time to time be established and designated by the Trustees:
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Related to Series of Interests

  • Rates and Payment of Interest (a) The Obligations shall bear interest (i) if a Base Rate Loan, at the Base Rate in effect from time to time, plus the Applicable Margin; (ii) if a LIBOR Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin; and (iii) if any other Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Base Rate Revolver Loans. Interest shall accrue from the date the Loan is advanced or the Obligation is incurred or payable, until paid by Borrowers. If a Loan is repaid on the same day made, one day’s interest shall accrue.

  • Additional Issuances of Securities (i) For purposes of this Section 4(o), the following definitions shall apply.

  • Payment of Interest; Defaulted Interest Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

  • Calculation and Payment of Interest (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

  • Rates and Payment of Interest on Loans (a) Rates. The Borrowers promise to pay to the Agent for the account of each Lender interest on the unpaid principal amount of each Loan made by such Lender for the period from and including the date of the making of such Loan to but excluding the date such Loan shall be paid in full, at the following per annum rates: (i) during such periods as such Loan is a Base Rate Loan, at the Base Rate (as in effect from time to time) plus the Applicable Margin (utilizing the applicable "Base Rate Margin" as identified in the definition of Applicable Margin, it being acknowledged that the Applicable Margin is a negative number, the addition of which will result in an interest rate applicable to Base Rate Loans which is lower than the corresponding Base Rate); (ii) during such periods as such Loan (other than a Competitive Advance) is a LIBOR Loan, at the Adjusted Eurodollar Rate for such Loan for the Interest Period therefor plus the Applicable Margin (utilizing the applicable "LIBOR Margin" as identified in the definition of Applicable Margin); and (iii) with respect to each Competitive Advance, at the margin over the Adjusted Eurodollar Rate determined pursuant to Section 2.3. Notwithstanding the foregoing, during the continuance of an Event of Default, the Borrowers shall pay to the Agent for the account of each Lender interest at the Post-Default Rate on the outstanding principal amount of any Loan made by such Lender, on all Reimbursement Obligations and on any other amount payable by the Borrowers hereunder or under the Notes held by such Lender to or for the account of such Lender (including without limitation, accrued but unpaid interest to the extent permitted under Applicable Law). (b)

  • Additional Issuances of Notes Subject to clauses (ii), (iii), (iv) and (v) of Section 2.02 and Section 2.03 of the Indenture Supplement, the Issuer may issue additional Class A(2022-2) Notes, so long as the following conditions precedent are satisfied:

  • Payment of Interest The Borrower to which a Loan has been made shall pay accrued interest on that Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, on the dates falling at six monthly intervals after the first day of the Interest Period).

  • Additional Interests If any Pledgor shall at any time acquire or hold any additional Pledged Interests, including any Pledged Interests issued by any Subsidiary not listed on Schedule I hereto which are required to be subject to a Lien pursuant to a Pledge Agreement by the terms hereof or of any provision of the Revolving Credit Agreement (any such shares being referred to herein as the “Additional Interests”), such Pledgor shall deliver to the Administrative Agent for the benefit of the Revolving Secured Parties (i) a Pledge Agreement Supplement in the form of Exhibit A hereto with respect to such Additional Interests duly completed and executed by such Pledgor and (iii) any other document required in connection with such Additional Interests as described in Section 2(c). Each Pledgor shall comply with the requirements of this Section 21 concurrently with the acquisition of any such Additional Interests or, in the case of Additional Interests to which Section 6.14 of the Revolving Credit Agreement applies, within the time period specified in such Section or elsewhere in the Revolving Credit Agreement with respect to such Additional Interests; provided, however, that the failure to comply with the provisions of this Section 21 shall not impair the Lien on Additional Interests conferred hereunder.

  • Issuances of Additional Partnership Securities (a) The Partnership may issue additional Partnership Securities and options, rights, warrants and appreciation rights relating to the Partnership Securities for any Partnership purpose at any time and from time to time to such Persons for such consideration and on such terms and conditions as the General Partner shall determine, all without the approval of any Limited Partners.

  • Subordinated Notes The Subordinated Notes have been duly authorized by the Company and when executed by the Company and issued, delivered to and paid for by the Purchasers in accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, and will constitute legal, valid and binding obligations of the Company and enforceable in accordance with their terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

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