Preferred Holder definition
Examples of Preferred Holder in a sentence
Upon the redemption of any Preferred Unit in full in cash for the applicable Preferred Return, such Preferred Unit shall cease to be outstanding, without the necessity of the taking of any action on the part of the Company, the Board, the applicable Preferred Holder or any other Person.
For avoidance of doubt, any such remaining Assets shall be first distributed pursuant to Section 5.02(a) until each Preferred Holder has received the Preferred Return with respect to each Preferred Unit held by such Preferred Holder.
The New Issue Exercise Notice shall set forth the portion of the New Securities (up to such Preferred Holder’s pro rata share based on the relative number of Preferred Units held by such Preferred Holder) that such Preferred Holder elects to purchase.
For the avoidance of doubt, the consideration received in any Tag-Along Transfer in which any Preferred Holder participates is not required to result in achievement of the Preferred Return.
For the avoidance of doubt, (i) this Section 5.05 shall not be construed to modify, supplement, supersede or waive Section 9.08 of the CTTIA (as in effect as of August 11, 2025), and (ii) no Preferred Holder shall have any right to cause the Company to redeem the Preferred Units held by such Preferred Holder.