Class A Member. The term “Class A Member” means a Member holding Class A Units.
Class A Member. As of the Effective Date, the Class A Member owns the number of Class A Units set forth in Schedule A. All such Units and all other Membership Interests issued pursuant to, and in accordance with, the requirements of this Article III shall be fully paid and non-assessable Membership Interests, except as such non-assessability may be affected by Section 18-607 of the Act.
Class A Member. The funds to be utilized by Corvette, LLC to make its Capital Contribution as the Class A Member are currently held by Mission 1031 Exchange. Within five (5) days of the last to occur of the following events, the Class A Member shall contribute the sum of Two Million Dollars ($2,000,000.00) to the Company (a “Capital Contribution”):
1. the release of such funds from Mission 1031 Exchange to the Class A Member; or
2. receipt by the Class A Member of the fully signed Amendment No. 1 to the Solar Energy Power Purchase and License Agreement, which is part of the SEPPLA attached hereto as Exhibit C. The proceeds from the Class A Member's Capital Contribution shall be used by the Managers to complete the construction of the System, including obtaining all building permits, paying fees required by governmental agencies, and reimbursement of certain expenses incurred by the Class B Member totaling $400,000.
Class A Member. A Class A Member may not sell or otherwise transfer all or any portion of its interest in the Company or an Annual Investment Group, if any, except that a Class A Member may sell, transfer or otherwise assign all or any part of its interest as a Class A Member to an assignee which is an affiliate of the Class A Member, which assignee shall be admitted to the Company as an additional or substitute Class A Member in connection with such permitted assignment, with all the rights and duties of its assignor with respect to the interest assigned.
Class A Member. Upon the date hereof, JCB shall contribute to the capital of the Company 12,600 shares of class A common stock of PAHC and, in exchange therefor, JCB shall be allocated 12,600 Class A Units and shall be admitted to the Company as the Class A Member.
Class A Member. A “Class A Member” is an Eligible Settlement Class Member whose Consumer Report was completed and returned to GEO on or after October 30, 2013, through the date of the Preliminary Approval Order.
Class A Member. In consideration for its Class A Interests the Class A Member has agreed to contribute a minimum of $75,000 to the capital of the Company on or before June 15, 2010. In the event the Class A Member fails to make any of the foregoing contributions the Class A Member’s Class A Interests will be cancelled upon the receipt by the Manager, within 30 days of the missed deadline, of written demand from the Class B Member. Upon the timely receipt of the written demand notice, the Manager shall promptly cancel the Class A Interests, all capital contributed to the Company by the Class A Members shall be immediately returned to them, and Bafer and Leone shall resign all positions then held with the Company.
Class A Member. A Person who holds Class A Shares of record, in such capacity.
Class A Member. FBC shall be a Class A Member hereunder. As a Class A Member, FBC shall have the right to receive distributions of Distributable Cash pursuant to Sections 5.7.3 and 5.7.4 hereof, distributions on dissolution or liquidation pursuant to Sections 8.4.1(c) and 8.4.1(d) and allocations of net profits and net losses and similar items from the Company as expressly provided for in Section 5.4 hereof, but shall not have any other rights of a Member including, without limitation, the right to vote or participate in the management or any right to information concerning the business and affairs of the Company. FBC's Class A membership in the Company shall terminate at such time as FBC shall receive aggregate distributions from the Company under Sections 5.7.3, 5.7.4, 8.4.1(c) and 8.4.1(d) or otherwise in an aggregate amount equal to $50 million.
Class A Member. At the time of admission to the Company as a Member pursuant to the terms of Section 6.3 hereunder, a Class A Member shall make an initial Capital Contribution of $1,000 (or such other price as determined by the Manager) for each Class A Unit purchased. For the avoidance of doubt, the Company is authorized to issue up to an aggregate of 2,400 Class A Units before and after the Effective Date without obtaining the approval of the Members pursuant to Section 7.1(c).
