Class B Amount definition
Examples of Class B Amount in a sentence
The Partners acknowledge and agree that the Class B Preferred Return and the Class D Preferred Return has been, and will continue to be, compounded monthly and that the return shall accrue on the sum of the Class B Amount or the Class D Amount, as the case may be, and the previously accrued Class B Preferred Return or Class D Preferred Return, as the case may be.
For purposes of this Agreement, each Partner agrees that its Restated Class B Amount and Restated Class C Amount equal the respective amounts set forth opposite its name on Exhibit A hereto in the columns of the same headings.
Notwithstanding anything in the Guaranty to the contrary, for purposes of Section 8.01 of the Guaranty, the outstanding amount of this Progeny Facility shall equal the outstanding Capital Contribution of the Joint Venture Class B Member (each as defined in the Snow Goose Company Agreement) plus the accrued and unpaid Class B Amount (as defined in the Snow Goose Company Agreement) plus all other amounts then due and payable to the Joint Venture Class B Member.
The consent and agreement of the Other --------------------------- Shareholders to the issuance of preferred shares of stock in the Company (each, a "Class B Equity Interests") to the Preferred Shareholder in an amount equal to ------------------------ the Class B Amount.
The consent and agreement of the Other Shareholders to the issuance of preferred shares of stock in the Company (each, a "Class B Share") to the Preferred Shareholder in an amount equal to the Class B Amount.
Class B Preferred Returns are taken into account in the Restated Class B Amount.
In addition to all other amounts due Lender, Borrower shall pay to Lender, in addition to any amounts set forth in the first paragraph of Section 8.32(c) above, on the Stabilization Date Payment Date, (x) an amount equal to any hedging losses and breakage fees incurred by Lender that Borrower would have been required to pay had Borrower prepaid the Loan in an amount equal to the Class B Amount, and (y) a fee equal to two percent (2%) of the Class B Amount.
In addition to all other amounts due Lender, Borrower shall pay to Lender, in addition to any amounts set forth in the first paragraph of Section 8.32(c) above, on the ------- ------- Stabilization Date Payment Date, (x) an amount equal to any applicable hedging or interest rate management breakage costs incurred by Lender, and (y) a fee equal to two percent (2%) of the Class B Amount.
Section 11.2 Term Section Required Class B Amount...........................................................................
Lender shall receive Class B Equity Interests in the amount of the Class B Amount pursuant to documentation satisfactory to Lender in Lender's sole discretion, some of the material terms of which are described on Exhibit D, and upon such conversion Lender shall be the "Preferred Shareholder" in the Operator and the "Preferred Beneficial Owner" in the Borrower.