Series C Unit definition

Series C Unit means one Series C Preferred Share and five (5) Series C Warrants.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Series C Unit means a Series C Convertible Preferred Unit as defined in the AMID Partnership Agreement.

Series C Unit means a Series C Preferred Unit as defined in the AMID Partnership Agreement.

Examples of Series C Unit in a sentence

Receipt by the Lender of a Preferred Series C Unit Purchase Agreement among GWG, Holdings (as defined in this Agreement as in effect on the Second Amendment and Restatement Date) and Parent.
The Series C Convertible Preferred Units shall be issued by the Partnership pursuant to the terms and conditions of the Series C Unit Purchase Agreement.
Immediately upon receipt of any Default Contribution by the Company, the Company shall issue to the Crestwood Member a number of Series C Preferred Units equal to the amount of such Default Contribution divided by the Series C Unit Price.
Each Member holding Series C Units shall be entitled to one (1) vote for each Series C Unit registered in the name of such Member (as shown in the Unit Holder Register) as to any matter for which a Member holding Series C Units is entitled to vote under this Agreement or the Act.
Receipt by the Lender of a Preferred Series C Unit Purchase Agreement among GWG, Holdings and Parent.
The initial Capital Account balance in respect of each Senior Subordinated Series C Unit shall be the Issue Price for such Senior Subordinated Series C Unit, and the initial Capital Account balance of each holder of Senior Subordinated Series C Units in respect of all Senior Subordinated Series C Units held shall be the product of such initial balance for a Senior Subordinated Series C Unit multiplied by the number of Senior Subordinated Series C Units held thereby.
Accordingly, the capital account associated with each Series C Unit at the time of its issuance shall be equal to zero dollars ($0.00).
The Partnership shall pay the Maturity Date Redemption Price on the Maturity Date by wire transfer of immediately available funds to an account designated in writing by such holder of Series C Unit.
Thereafter, all Available Cash shall be distributed as if it were Operating Surplus and shall be distributed in accordance with Section 6.4. For purposes of applying this Section 6.5, each Senior Subordinated Unit, each Senior Subordinated Series B Unit and each Senior Subordinated Series C Unit then Outstanding shall be treated as if it had converted into a Common Unit.
The Series C Convertible Preferred shall be issued by the Partnership pursuant to the terms and conditions of the Series C Unit Purchase Agreement.

More Definitions of Series C Unit

Series C Unit means a Series C membership interest that consists of no Profits Interest and no Voting Interest. The Series C Units only have a right to receive a distribution of assets from the Company in the event of a Liquidity Event.

Series C Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Series C Units in this Agreement.

Series C Unit means a unit consisting of: (i) one Series C Warrant Share and (ii) a Series C-1 Warrant.

Series C Unit means each unit consisting of: (i) one share of the Common Stock and (ii) a Series C-1 Warrant to purchase one share of Common Stock at an initial exercise price of $__.

Series C Unit means each Series C Unit of limited liability company interest in the Company granted pursuant to the Third Amended and Restated Operating Agreement.