Junior Preferred Units definition

Junior Preferred Units shall have the meaning provided in Section 4.

Junior Preferred Units has the meaning set forth in Section 3.04(a)(ii) hereof. hereof.

Junior Preferred Units means all classes or series of Preferred Units ranking junior to the Series A Preferred Units, Series B Preferred Units and Series C Preferred Units with respect to distribution rights upon liquidation, dissolution or winding up of the Partnership.

Examples of Junior Preferred Units in a sentence

• For the avoidance of doubt, the Junior Preferred Units and the Senior Preferred Units do not need to be transferred together and may be transferred in separate transactions.

• The Parties and their respective Affiliates shall treat the Senior Preferred Units, the Junior Preferred Units and the Common Units as equity for applicable Tax, GAAP and financial accounting purposes.

• The Series A Preferred Units will, with respect to distribution rights and rights upon liquidation, dissolution or winding up of the Partnership, rank (a) prior or senior to any class or series of Common Units and any Junior Preferred Units; (b) on a parity with Parity Preferred Units; (c) junior to all Senior Preferred Units; and (d) junior to all existing and future indebtedness of the Partnership.

• For the avoidance of doubt, the foregoing shall not prevent Investor Member from pursuing or consummating (or causing the Company to pursue or consummate) any Qualified IPO or Company Sale in accordance with the terms hereof that does not result in a redemption of the Junior Preferred Units or the Common Catch-Up Units.

• The amounts of the Initial Capital Contributions made by the Initial Members in exchange for or on account of Senior Preferred Units, Junior Preferred Units, Common Catch-Up Units, AT&T TD Catch-Up Units, Investor TD Catch-Up Units or Common Units, as applicable, are set forth on Exhibit A hereto.

More Definitions of Junior Preferred Units

Junior Preferred Units shall have the meaning provided in Section 4 of this Amendment.

Junior Preferred Units has the meaning set forth in the Recitals.

Junior Preferred Units means the junior preferred units of the Partnership, having a face amount per unit of [$7.75] and having the rights and preferences set forth in this Agreement.

Junior Preferred Units shall have the meaning assigned in the LLC Agreement.

Junior Preferred Units means any class or series of Partnership Units the holders of which are entitled to the receipt of distributions or of amounts distributable upon liquidation, dissolution or winding up, as the case may be, junior in priority to the holders of the Series Three Preferred Units, but senior in priority to the holders of Common Units.

Junior Preferred Units has the meaning ascribed to such term in the Recitals to this Agreement.

Junior Preferred Units means the Class A-2 Units (as defined in the A&R LLC Agreement).