Class A Preferred Shares definition
Examples of Class A Preferred Shares in a sentence
In the event that (i) the Manager voluntarily resigns or (ii) the Manager is dissolved, liquidated, or adjudicated bankrupt, then the holders of the Class A Preferred Shares, voting together as a single class, shall have the right to appoint a successor Manager by the affirmative vote of a majority of the votes cast by the Class A Preferred Shares at any meeting called for such purpose.
Upon a Dissolution Event, the Class A Preferred Shares and Common Shares will receive Distributions in the same manner as set forth in the paragraph above entitled “Distributions”.
Member Name Address Capital Contribution Number of Common Shares Number of Class A Preferred Shares Tranquil Healthcare Holdings, Inc.
Any Person that acquires Class A Preferred Shares and is admitted as a Member of the Company after the date hereof, shall, in connection with such Member’s acquisition of such Class A Preferred Shares, upon payment therefore, as determined by Manager, shall have the same rights, preferences, and privileges as all other Members with respect to the Class A Preferred Shares then outstanding and shall participate on an equal per share basis therewith.
This Section does not grant the Class A Preferred Shares the right to remove the Manager for any reason.