Class A Members. Investors who purchase Class A Units shall become Class A Members of the Company once admitted by the Manager. The Capital Contributions of the Class A Members shall result in one hundred percent (100%) of the Capitalization of the Company, less the amount contributed by the Class B Members. Class A Members shall acquire ninety nine percent (99%) of the ownership Interests of the Company. The minimum investment amount required of a Class A Investor is Twenty Thousand Dollars ($20,000) or Twenty (20) Units, however, the Manager reserves the right to accept less than the minimum investment amount from a single Class A Investor in order to achieve the maximum dollar amount of Interests to the Class A Investors, if less than the minimum investment amount required of each Class A Investor is needed to do so.
Class A Members. Investors who contribute capital to the Company through Contributions of cash in exchange for the purchase of Class A Interests issued by the Company shall become Class A Members of the Company, once admitted by the Manager. The Class A Members shall share, pro rata, in accordance with their Capital Contributions, seventy (70%) percent of the total Interests in the Company. The minimum investment amount required of a Class A Investor is One Thousand Dollars ($1,000) or One (1) Interest.
Class A Members. Investors who contribute capital to the Company through Contributions of Cash in exchange for the purchase of Class A Interests issued by the Company shall become Class A Members of the Company, once admitted by the Manager.
Class A Members. Class A Members shall be entitled to vote on all matters coming to a vote of the Class A Members. Each Class A Member may cast only one vote on each matter brought to a vote of the Class A Members, regardless of the number of Class A Capital Units owned. All matters to be voted upon by the Class A Members shall require the affirmative vote of the majority of the Class A Members voting on the matter at hand, except that (i) for matters to be voted upon under Section 3.9(b)(i)(ii) and (iii), a Super Majority Vote of the Class A Members voting on the matter at hand shall be the Act of the Class A Members and (ii) the election of individuals serving on the Board of Managers under Section 3.9(b)(iv) shall be determined by a vote of the plurality of the Class A Members voting from the individuals’ respective geographic districts in accordance with Section 8.4(a).
Class A Members. Class A Members shall be entitled to vote on all matters coming to a vote of the Class A Members. Each Class A Member may cast only one vote on each matter brought to a vote of the Class A Members, regardless of the number of Class A Capital Units owned. On all matters to be voted upon by the Class A Members, except as otherwise provided in this Operating Agreement, the affirmative vote of the majority of the Class A Members voting on the matter at hand shall be the act of the Class A Members.
Class A Members. Class A Members must hold at least one hundred (100) Class A Units and have a Cattle Delivery Agreement in effect with the Company as provided in Section 4.4.
Class A Members. To the Class A Members in accordance with the Liquidation Preference of the Class A Preferred Interests.
Class A Members. (a) Class A Members who hold a majority of the Class A Shares outstanding shall represent a “Majority in Interest of Class A Members”; provided that the Members hereby agree that at any time there shall be one or more Designated Members, the then-serving Designated Members shall be deemed to represent at least a Majority in Interest of Class A Members for all purposes under this Agreement and all other Class A Members shall be deemed to represent less than a Majority in Interest of Class A Members for all purposes of this Agreement.
Class A Members. Investors who contribute capital to the Company through Contributions of cash in exchange for the purchase of Class A Interests issued by the Company shall become Class A Members of the Company, once admitted by the Manager.
Class A Members will receive an annualized, non-cumulative, non-compounding Preferred Return of seven percent (7%) on their Unreturned Capital Contributions. Thereafter, the Class A Members will share in fifty (50%) of the remaining Distributable Cash.
Class A Members. Class A Members shall be entitled to vote on all matters coming to a vote of the Class A Members. Each Class A Member may cast only one vote on each matter brought to a vote of the Class A Members, regardless of the number of Class A capital units owned. All matters voted upon by the Class A Members shall require the affirmative vote of the majority of the Class A Members voting on the matter at hand, except that the election of individuals serving on the Board of Managers under Section 3.9(b)(iv) shall be determined by a vote of the plurality of the Class A Members voting on the matter at hand. Each Class A Member shall be required to execute a Corn Delivery Agreement in a form approved by the Board of Managers.
