Preferred Units definition

Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

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 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.

Examples of Preferred Units in a sentence

• SELLER: _____________________ By: By: Appendix A ASSIGNMENT For value received, ___________ (“Assignor”) hereby assigns and transfers unto (“Buyer”) __________ Preferred Units of _____________ (the “Company”), registered in Assignor’s name on the books of the Company, and does hereby irrevocably constitute and appoint the secretary of the Company to transfer the said stock on the books of the Company with full power of substitution in the premises.

• If there is an Equity Financing before the termination of this Safe, on the initial closing of such Equity Financing, this Safe will automatically convert into the number of Safe Preferred Units equal to the Purchase Amount divided by the Conversion Price.

• The Seller holds _________ Preferred Units (the “Units”) of __________ (the Company”).

• In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred Units.

More Definitions of Preferred Units

Preferred Units has the meaning set forth in the LLC Agreement.

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 means the Units having the rights and obligations specified with respect to Preferred Units in this Agreement.

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 has the meaning set forth in the Recitals.

Preferred Units has the meaning set forth in Section 3.04(a)(ii) hereof.

Preferred Units means the preferred limited partnership units in the capital of BEP.