Examples of Outstanding Class in a sentence
The removal of the General Partner is subject to the approval of the successor general partner by holders of a majority of the voting power of the Outstanding Class A Units.
If at any such meeting the holders of Class A Preferred Limited Partnership Units of at least 25% of the then Outstanding Class A Preferred Limited Partnership Units are not present or represented by proxy within one half hour after the time appointed for such meeting, then the meeting shall be adjourned to such date not less than 5 days thereafter and to such time and place as may be designated by the chairman of such meeting, and no notice need be given of such adjourned meeting.
If at any such meeting the holders of Class A Preferred Limited Partnership Units of at least 25% of the then Outstanding Class A Preferred Limited Partnership Units are not present or represented by proxy within one-half hour after the time appointed for such meeting, then the meeting shall be adjourned to such date not less than 5 days thereafter and to such time and place as may be designated by the chairman of such meeting, and no notice need be given of such adjourned meeting.
Money in the Class 2 Senior Liquidity Reserve Subaccount shall be applied to the redemption of Outstanding Class 2 Senior Bonds in accordance with paragraph (k) of Section 5.06.
Money in the Class 1 Senior Liquidity Reserve Subaccount may be applied to the redemption of Outstanding Class 1 Senior Bonds in accordance with paragraph (j) of this Section 5.06.
Immediately following the Class D Unit Issuance Date and thereafter, except as otherwise provided in Section 4.15(j), no additional Class D Units shall be designated, created or issued without the prior written approval of the General Partner and the holders of a majority of the Outstanding Class D Units.
The Liquidator (if other than the General Partner) shall agree not to resign at any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal approved by holders of at least a majority of the Outstanding Class A Shares.
The Liquidator (if other than the General Partner) shall be entitled to receive such compensation for its services as may be approved by holders of at least a majority of the Outstanding Class A Shares.
Each Outstanding Class B-1 Unit and Class B-2 Unit shall automatically convert into a number of Common Units equal to the Conversion Number on the applicable Class B Conversion Date without any further action by the holders thereof.
On any Distribution Date when the aggregate of the Outstanding Class Certificate Balances is less than 1% of the aggregate of the Original Class Certificate Balances, Xxxxxx Xxx, in its corporate capacity, has the right, but not the obligation, to repurchase all, but no fewer than all, of the Underlying Securities, at a price equal to their outstanding principal balances plus any accrued and unpaid interest thereon, and the Trustee shall thereupon distribute such amount to the related Certificateholders.