Junior Preferred Unit definition

Junior Preferred Unit means a Unit having the rights and obligations specified with respect to Junior Preferred Units in this Agreement. The number of Junior Preferred Units initially issued to each Member is listed on Schedule A attached hereto, subject to adjustment pursuant to this Agreement.
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Junior Preferred Unit has the meaning assigned to such term in the LLC Agreement.
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Junior Preferred Unit means a Unit having the rights and obligations specified with respect to Junior Preferred Units in this Agreement. The number of Junior Preferred Units initially issued to each Member is listed on SCHEDULE A attached hereto, subject to adjustment pursuant to this Agreement.
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Examples of Junior Preferred Unit in a sentence

  • Each Junior Preferred Unit shall accrue the Junior Preferred Yield for so long as such Junior Preferred Unit is outstanding.

  • Each “Junior Preferred Unit” shall represent an interest in the Company, shall be designated as a Junior Preferred Unit of the Company, shall be non-voting, and shall be entitled to the distributions provided for in Article 7.

  • Upon written notice delivered to the General Partner not more than 100 days following receipt of the written notice described in Section 7(a), each holder of Series Z Preferred Units may elect, in its sole and absolute discretion, to receive, on the Series Z Redemption Date, for each Series Z Preferred Unit so held one Junior Preferred Unit or one Parity Preferred Unit, in either case having a base liquidation preference of $25.00 per unit (the “Series Z Rollover Right”).

  • Upon written notice delivered to the General Partner not more than 100 days following receipt of the written notice described in Section 7(a), each holder of Series Z Preferred Units may elect, in its sole and absolute discretion, to receive, on the Series Z Redemption Date, for each Series Z Preferred Unit so held one Junior Preferred Unit or one Parity Preferred Unit, in either case having a base liquidation preference of $25.00 per unit (the “ Series Z Rollover Right”).

  • A redemption price equal to such Junior Preferred Unit holder’s Preferred Unit Unreturned Capital, plus such holder’s “Junior Preferred Unit Unpaid Yield.” The junior preferred unit yield is 8% the first year, accrued annually, on the initial investment and 20% thereafter The accrued yield is $385,736 as of December 31, 2014 and included in Junior Preferred Units on the accompanying consolidated statement of members’ equity.

  • Each Voting Member shall have the right to one vote per full Senior Preferred Unit, Junior Preferred Unit, Series A Common Unit or Series B Common Unit held by it.

  • The Junior Preferred Units will entitle Transferor to participate in cash distributions, after the return of and return on senior capital and after the return of the invested capital of the Junior Preferred Unit holders (including Transferor), in an amount equal to between 15.2 percent and 17.8 percent.

  • Each Voting Member shall have the right to one vote per full Series 1 Senior Preferred Unit, Junior Preferred Unit, Series A Common Unit or Series B Common Unit held by it.


More Definitions of Junior Preferred Unit

Junior Preferred Unit means a Unit representing a fractional part of the Partnership Interests of all Limited Partners and Assignees and having the rights and obligations specified with respect to the Junior Preferred Units in the Partnership Agreement.
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Junior Preferred Unit shall represent an interest in the Company, shall be designated as a Junior Preferred Unit of the Company, shall be non-voting, and shall be entitled to the distributions provided for in Article 7. Each Junior Preferred Unit shall accrue the Junior Preferred Yield for so long as such Junior Preferred Unit is outstanding.
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Junior Preferred Unit has the meaning set forth in Section 3.4(a).
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Related to Junior Preferred Unit

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Series C Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 8 5/8% Series C Cumulative Redeemable Preferred Units, with the designations, preferences and other rights set forth in Attachment C hereto.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Series H Preferred Stock means shares of the Company’s Series H Preferred Stock, par value $0.0001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Class A Preferred Stock means the Company's Class A Convertible Preferred Stock, par value $.01 per share.

  • Parity Preferred Units shall have the meaning provided in Section 4.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Series G Preferred Stock means shares of the Company’s Series G Preferred Stock, par value $0.0001 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.