Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.
Preferred Units means a Partnership Security, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units, including the Series A Preferred Units, the Series B Preferred Units and the Series E Preferred Units.
Preferred Units has the meaning set forth in the LLC Agreement.
Examples of Preferred Units in a sentence
The total number of Preferred Units that the Company shall have authority to issue is 90,000,000.
The Preferred Units issued and outstanding will be recorded and tracked on a ledger in the books and records of the Company.
More Definitions of Preferred Units
Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.2 of the Partnership Agreement.
Preferred Units has the meaning set forth in Section 3.04(a)(ii) hereof.
Preferred Units means the Units having the rights and obligations specified with respect to Preferred Units in this Agreement.
Preferred Units means the classes of Units of the Company designated as the Series A Preferred Units, the Series B Preferred Units and the Series C Preferred Units.
Preferred Units has the meaning set forth in the Recitals.
Preferred Units means a Class of Units, in one or more series, designated as “Preferred Units,” which entitles the holder thereof to a preference with respect to the payment of distributions over the Class A Units and any other Junior Units then outstanding as set forth herein.
Preferred Units means, collectively, the Series A Preferred Units, the Series B Preferred Units and the Series C Preferred Units.