Preferred Membership Interests definition

Preferred Membership Interests means the $750,000,000 aggregate liquidation preference amount of exchangeable preferred membership interests in Energy.

Preferred Membership Interests means the Junior Preferred Membership Interests or the Senior Preferred Membership Interests.

Preferred Membership Interests has the meaning set forth in the Existing Operating Agreement.

Examples of Preferred Membership Interests in a sentence

• Portfolio Investment Expenses: Expenses related to Portfolio Investments will be paid from capital contributions called from Preferred Membership Interests.

• Interest Amounts available to the Fund for distribution to the Members will be distributed in the following order and priorities: First, one-hundred percent (100%) to the Preferred Members in an amount equal to any declared and unpaid dividends on Preferred Membership Interests, which amounts shall be distributed pro rata among the Preferred Members in accordance with their respective entitlements to such dividends.

• Purchasers will not have any obligations to creditors of the Company due to the purchasers’ ownership of the Preferred Membership Interests.

• The Company anticipates raising a maximum of $40 million of Series A Preferred Membership Interests (the “Series A Units”) and a maximum of $35 million of Series A Unsecured Bonds (the “A Bonds”) and Series Ra Unsecured Bonds (the “Ra Bonds,” collectively the “Bonds”) pursuant to an exemption from registration under Regulation A of the Securities Act of 1933, as amended.

• All Series of Investor Notes will be (i) secured by the Collateral equally and ratably without prejudice, priority or distinction and (ii) senior in priority to all Preferred Membership Interests and the Common Membership Interest in the Issuer.

More Definitions of Preferred Membership Interests

Preferred Membership Interests means Interests in the Company purchased by the Members bearing a Preferred Return. Such interests are prioritized as to distribution rights. Such interests also have voting rights. In exchange for such prioritization, Preferred Membership Interests’ return on their capital is limited.

Preferred Membership Interests means the equity rights provided for in Section 6.2 of the Operating Agreement of Mediacom Southeast.

Preferred Membership Interests means the $750,000,000 aggregate liquidation preference amount of exchangeable preferred membership interests in the Borrower.

Preferred Membership Interests means the preferred membership interests in Venture Delaware to be issued to the Pre-Petition Lenders pursuant to the Plan.

Preferred Membership Interests has the meaning set forth in Section 1.1.

Preferred Membership Interests means the Preferred Membership Interests issued pursuant to the LLC Agreement.

Preferred Membership Interests means the equity rights provided for in ------------------------------ Section 6.2 of the Operating Agreement.