Aggregate Membership definition
Examples of Aggregate Membership in a sentence
Each Class B Membership Interest shall be entitled to a number of votes at any meeting at which such interest is entitled to a vote, such that all of the Class B Membership Interests shall have a collective voting power equal to the Class B Aggregate Membership Interest.
Immediately following such exchange, the Class B Aggregate Membership Interest shall be reduced to zero for purposes of this Agreement.
By way of example, if the Class B Aggregate Membership Interest was thirty-five (35%) percent and there were 35,000 Class B Membership Interests and 325,000 Class A Membership Interests outstanding immediately prior to such exchange, then immediately following such exchange there would be 500,000 Class A Membership Interests outstanding, 175,000 of which would have been issued to the holders of the 35,000 Class B Membership Interests.
Pledged Interests PLEDGOR: Pledged Certificate No. of Authorized Outstanding Aggregate Membership Membership Partnership Partnership Interest Issuer No. Shares Shares Shares Shares Interests Interest Interests Interest Alterna’TV Corporation 2 1,000 1,000 1,000 100 % — — — — Alterna’TV International Corporation 2 1,000 1,000 1,000 100 % — — — — ITEM B.
Warrant Certificate No. ___________ Issue Date: ___________ Percentage of Aggregate Membership Interests: ___________ Reference is made to that certain Warrant Certificate and Agreement, dated as of January 1, 2018 (as amended or otherwise modified, the “Warrant Agreement”), among Aquestive Partners, LLC (the “Company”) and each holder listed on Schedule A of the Warrant Agreement (together with their permitted transferees and assigns, the “Holders”).
Immediately following i exchange, the Class B Aggregate Membership Interest please be reduced to zero for purposes of comprehensive Agreement.
By way of example, if the Class B Aggregate Membership Interest was thirty-five (35%) percent and there were 35,000 Class B Membership Interests and '325,000 Class A Membership Interests outstanding immediately prior to such exchange, then immediately following such exchange there would be 500,000 Class A Membership Interests outstanding, 175,000 of which would have been issued to the holders of the Class B Membership Interests.
By way of example, if the Class B Aggregate Membership Interest was thirty-five (35%) percent and there were 35,000 Class B Membership Interests and 325,000 Class A Membership Interests outstanding immediately prior to such exchange, then immediately following such exchange there would be 500,000 Class A Membership Interests outstanding, 175,000 of which would have been issued to the holders of the Class B Membership Interests.
At or prior to the Company Merger Effective Time, Parent shall deposit with a United States-based nationally recognized financial institution designated by Parent and reasonably acceptable to the Company (the “Paying Agent”), in trust for the benefit of the holders of Shares and Membership Units, a cash amount in immediately available funds equal to the sum of the Aggregate Common Stock Consideration and the Aggregate Membership Unit Consideration (the “Exchange Fund”).