Preferred Member definition

Preferred Member means a Member holding Preferred Units.
Preferred Member means each Person admitted to the Company as a Preferred Member whose name is set forth on Schedule I hereto as a Preferred Member with respect to Preferred Units held by such Person, and any other Person admitted as an additional or substitute Preferred Member, so long as such Person remains a Preferred Member.
Preferred Member means a Member holding Preferred Shares of the Company.

Examples of Preferred Member in a sentence

  • So long as the cooperative has one or more Preferred Members, one of the directors shall be a Preferred Member.

  • Following the fifth anniversary of his or her investment, a Preferred Member is entitled to request redemption of his or her Membership at a price equal to the capital account balance at the time of redemption.

  • At the request of any Preferred Member, Preferred Distributions, rather than being paid in cash, may be allocated to such Preferred Member’s capital account.


More Definitions of Preferred Member

Preferred Member means a Person in whose name a Junior Preferred Membership Interest or a Senior Preferred Membership Interest is registered in the Register.
Preferred Member means the Members holding Preferred Units.
Preferred Member means a Member who holds Preferred Units.
Preferred Member means a Member that holds one or more Preferred Units.
Preferred Member has the meaning set forth in the introductory paragraph.
Preferred Member means each Preferred Holder which is a Member.
Preferred Member means a Member holding one or more Preferred Shares.