Preferred Equity Member definition

Preferred Equity Member as defined in the LLC Agreement.

Examples of Preferred Equity Member in a sentence

  • The Managing Member and the Preferred Equity Member are the sole members of the Company.

  • The Preferred Equity Member Interest shall have no voting, consent, approval, management or control rights whatsoever under this Agreement or the Act, except to the extent expressly provided in Section 20.

  • Upon the making by the Company to the Preferred Equity Member of the distributions contemplated by Section 13(a) below, the Preferred Equity Member shall automatically cease to be a member of the Company and the Preferred Equity Member Interest shall automatically be cancelled, without any further act of any Person.

  • For the avoidance of doubt, any amendment to Section 2.8 of the Credit Agreement shall be deemed to be an amendment to this Agreement that would amend the rights of the Preferred Equity Member.

  • Any amendment to the Credit Agreement that has the effect of amending any term of this Agreement, including without limitation any amendment of the Credit Agreement that modifies any defined term incorporated into this Agreement and any amendment to the Credit Agreement that would have the effect of amending, modifying or supplementing any rights or obligations of the Preferred Equity Member under this Agreement, shall be deemed an amendment of this Agreement under the preceding sentence.

  • The Preferred Equity Member is not required to make any additional contribution to the capital of the Company.

  • The Preferred Equity Member Interest shall have the rights to distributions set forth in Section 13 below.

  • The Managing Member hereby continues as, and the Preferred Equity Member is hereby admitted as, a member of the Company upon its execution and delivery of this Agreement.

  • Notwithstanding any provision of the Act to the contrary, the distributions under Section 13(a) of this Agreement shall be the only consideration to which the Preferred Equity Member shall be entitled in exchange therefor.

  • In the event of an in-kind transfer of a Non-Cash Asset pursuant to clause (2), the Preferred Equity Member shall cooperate with the Managing Member to promptly effectuate such transfer.

Related to Preferred Equity Member

  • Preferred Equity means any stock, shares or other ownership interests in the issuer thereof howsoever evidenced (including, without limitation, limited liability company membership interests), whether with or without voting rights, that is entitled to dividends or distributions prior to the payment of dividends or distributions with respect to Common Equity.

  • Equity Member means each member of the Respondent team that will contribute equity as part of the financing of the Project.

  • Preferred Equity Interest in any Person, means an Equity Interest of any class or classes (however designated) which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over Equity Interests of any other class in such Person.

  • Preferred Equity Interests means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Preferred Member means a Member holding Preferred Units.

  • Equity Holders means the Stockholders and the Option Holders.

  • Subordinated Shareholder Funding means, collectively, any funds provided to the Issuer by any Parent, any Affiliate of any Parent or any Permitted Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by any of the foregoing Persons, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Preferred Shareholder means any holder of the Preferred Shares.

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Equity Holder means a person that has an ownership interest in a debtor or a debtor's business, including a shareholder, in so far as that person is not a creditor;

  • Series B Holder means a Record Holder of the Series B Preferred Units.

  • Management Shareholders means Xxxxxx X. Xxxx, Xxxx X. Xxxxxxx, and Xxxxxx X. Xxxxxxxxx.

  • Class B Members means all such Persons.

  • Shareholder Group means (i) Shareholder and (ii) any Affiliate or Shareholder Family Entity (as defined in the Shareholder's Agreement) of Shareholder (other than the Company).

  • Unit Holders means all Unit Holders.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

  • Rollover Shareholders means each of Expert Master Holdings Limited, Mr. Longhua Piao and UMW China Ventures (L) Ltd.

  • Preferred Holders means the record owners of outstanding Preferred Securities.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Faculty Member means any person hired by the college or District to conduct classroom or teaching activities or who is otherwise considered by the college to be a member of faculty.

  • lay member means a member of the Authority, who is not, nor has been:

  • Voting Member means a Member holding one or more Voting Shares.

  • Stockholder Group means the Stockholder and each Person (other than any member of the Company Group) that is an Affiliate of the Stockholder.