Class A Preferred definition
Class A Preferred means the Class A Preferred Units as defined in the LLC Agreement.
Class A Preferred means the Company's Class A Preferred Stock, par ----------------- value $.01 per share.
Class A Preferred has the meaning set forth in the preface above.
Examples of Class A Preferred in a sentence
Class A Ordinary Shares, Class A Preferred Shares and Class B Ordinary Shares shall have the same rights, powers and duties, except as otherwise set forth in this Agreement.
Class A Preferred Shares issued pursuant to the Management Services Agreement (“ASA Shares”) may be subject to vesting provisions as set forth in the Management Services Agreement.
The number of Class A Ordinary Shares shall be limited to the maximum number of Class A Ordinary shares offered in the Offering, plus (i) the number of Class A Ordinary Shares which may be issued upon conversion of the Class A Preferred Shares, plus (ii) the number of Class A Ordinary Shares which may be issued upon conversion of the Class B Ordinary Shares.
Each Class A Preferred Shares will automatically convert to one Class A Ordinary Share upon any Transfer of such Class A Preferred Shares to an entity that is not an Affiliate of the Administrator.
As of the date of such conversion, the Class B Ordinary Shares shall constitute all of the membership interests of the Company and, prior to the issuance of Class A Ordinary Shares, Class A Preferred Shares and Class C Ordinary Share, shall have all of the rights and privileges of 100% of the membership interests in the Company afforded pursuant to this Agreement and applicable law.
More Definitions of Class A Preferred
Class A Preferred means the Company's Class A Cumulative Convertible Preferred Stock.
Class A Preferred has the meaning set forth in Recital B of this Agreement.
Class A Preferred means the Class A preferred shares of Cayco issued and outstanding in an aggregate initial liquidation amount of $1,500,000,000.
Class A Preferred shall have the meaning set forth in Paragraph C.
Class A Preferred shares of Borrower held by Guarantor, the “Class B Common” shares of Borrower held by JSN Holders and the “Class B Preferred” shares of Borrower held by one hundred twenty five (125) shareholders, each as set forth in Schedule 4.10-B); (D) Borrower shall own 100% of the equity interests in AssetCo, (E) AssetCo shall own (1) 100% of the equity interests in each Senior Borrower, (2) the Initial Unencumbered Collateral Assets, and (3) any Released Collateral Assets, and (F) prior to giving effect to the repurchase transaction contemplated by the Senior Loan Documents, (1) Citi Borrower shall own the Citi Collateral Assets, (2) JPM Borrower shall own the JPM Collateral Assets and (3) MS Borrower shall own the MS Collateral Assets; in the case of each of (A) through (F) above, free and clear of all Liens whatsoever, exceptonly for the Liens (w) created by the Mezzanine Loan Documents in the case of (D), (x) created by the applicable Senior Loan Documents in the case of (F), (y) in favor of Senior Credit Holders on not more than 17.26% of the equity interest in REIT Holdings owned by CTLH created by the Senior Credit Stock Secured Note and (z) in favor of the JSN Holders on not more than 31.06% of the equity interest in REIT Holdings owned by CTLH created by the JSN Stock Secured Note. If any direct or indirect change in the status, activities, ownership, control and structure of REIT Holdings, Borrower, AssetCo or any Senior Borrower from that described in the preceding sentence shall occur or be permitted, done or suffered, and such change or pledge does not constitute a Permitted Equity Transfer and Borrower has not first obtained written consent of Mezzanine Lender, which consent may be withheld in Mezzanine Lender’s sole discretion, then the same shall constitute an automatic and immediate Event of Default and Mezzanine Lender shall have the right to exercise any of its rights and remedies pursuant to this Agreement and the other Mezzanine Loan Documents. Notwithstanding anything to the contrary, each of the events listed below shall be deemed “Permitted Equity Transfers” and shall be permitted without Mezzanine Lender’s consent, provided that with respect to each such event: (i) (x) in respect of items 2 through 6, inclusive, below, Borrower provides Mezzanine Lender with prior written notice of the event, if reasonably practical, and if not, written notice of the event promptly after the occurrence thereof, in either such case, together with complete copi...
Class A Preferred. Stock shall bear substantially the following legend: "The Corporation will furnish to any stockholder, on request and without charge, a full statement of the information required by Section 2-211(b) of the Corporations and Associations Article of the Annotated Code of Maryland with respect to the designations and any preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications, and terms and conditions of redemptions of the stock of each class which the Corporation has authority to issue and, if the Corporation is authorized to issue any preferred or special class in series, (i) the differences in the relative rights and preferences between the shares of each series to the extent set, and (ii) the authority of the Board of Directors to set such rights and preferences of subsequent series. The foregoing summary does not purport to be complete and is subject to and qualified in its entirety by reference to the charter of the Corporation (the "Charter"), a copy of which will be sent without charge to each stockholder who so requests. Such request must be made to the Secretary of the Corporation at its principal office. "The shares of Class A Preferred Stock represented by this certificate are subject to restrictions on Beneficial and Constructive ownership and transfer for the purpose of the Corporation's maintenance of its status as a real estate investment trust under the Code. Subject to certain further restrictions and except as expressly provided in the Corporation's Charter, (i) no Person may Beneficially or Constructively own Class A Preferred Stock such that such Person would Beneficially or Constructively own Stock in excess of the Ownership Limit, (ii) no Person may Beneficially or Constructively own shares of Class A Preferred Stock that would result in the Corporation's being "closely held" under Section 856(h) of the Code or otherwise cause the Corporation to fail to qualify as a REIT; and (iii) no Person may Transfer shares of Class A Preferred Stock if such Transfer would result in the capital stock of the Corporation being owned by fewer than 100 persons. Any person who Beneficially or Constructively owns or attempts to Beneficially or Constructively own shares of Class A Preferred Stock which causes or will cause a Person to Beneficially or Constructively own shares of Class A Preferred Stock in excess of the above limitations must immediately notify the Corporation...
Class A Preferred means the Corporation's Class A Convertible ----------------- Preferred Stock, par value $1.00 per share.