Examples of Class A Preferred Interest in a sentence
In the case of any distribution made at the maturity of a Class A Preferred Interest in accordance with Section 8.06, Net Income or Net Loss (or items of profit, income, gain, loss, deduction and expense) for the taxable period of the Partnership in which such distribution is made shall be allocated so that the Capital Account of each holder of such Class A Preferred Interest shall, as of the date of distribution, equal the amount to be distributed to such holder pursuant to Section 8.06.
Xxxxxx is hereby issued a Class A Preferred Interest in the Company, with a Preferred Percentage Interest assigned thereto.
Holdings, as the Voting Member Majority, desires to amend certain provisions of the LLC Agreement on and subject to the terms hereof, to reflect the transfer by Xxxxxxx Propane, Inc., a Tennessee corporation ("Xxxxxxx"), of its Common Interest and Class A Preferred Interest in the Company to Zero on December 31, 1999, and the subsequent transfer by Zero of a portion of such Common Interest and Class A Preferred Interest to Kerr, Thompson, and Xxxxxxxxx, on January 1, 2000.
Holdings, as the Voting Member Majority, desires to amend certain provisions of the LLC Agreement on and subject to the terms hereof, to reflect the issuance of a Class A Preferred Interest in the Company to each of Domex, Investors 300 and L&L Leasing pursuant to that certain Asset Purchase Agreement, dated September 8, 2000 among the Company, Domex, Investors, L&L Leasing, Xxxxx Xxxxx, Xxxxx Xxxx, Xxxx X.
Gas is hereby issued a Class A Preferred Interest in the Company as provided in the Asset Purchase Agreement and Country Gas is admitted as a Class A Preferred Member of the Company, with all of the rights and obligations assigned to a Class A Preferred Member pursuant to, and subject to all provisions and limitations set forth in, the LLC Agreement.
Holdings, as the Voting Member Majority, desires to amend certain provisions of the LLC Agreement on and subject to the terms hereof, to reflect the issuance of a Class A Preferred Interest in the Company to KCEP, pursuant to a Securities Purchase Agreement between the Company and KCEP dated as of December 31, 1999 (the "KCEP Agreement").
Xxxxxxx is hereby issued both a Common Interest and a Class A Preferred Interest in the Company, each with a Common Percentage Interest and a Preferred Percentage Interest, respectively, assigned thereto.
The designation of an Interest as a Class A Preferred Interest or a Common Interest will continue and any and all rights associated therewith shall be retained by each Interest sold or otherwise Transferred pursuant to the terms of this Agreement.
Holdings, as the Voting Member Majority, desires to amend certain provisions of the LLC Agreement on and subject to the terms hereof, to reflect the issuance of a Class A Preferred Interest in the Company to Country Gas, pursuant to that certain Asset Purchase Agreement, dated May 20, 2000 among the Company, Country Gas, Xxxxxxx Xxxxxxxxx, Xxxxxx Xxxxxxxxx, the Xxxxxx X.
Our membership interests consist of Class A Preferred Interest (Preferred Interest) and Class B Common Interest (Common Interest), both with equivalent voting rights.