Class A-1 Members definition

Class A-1 Members means all such Persons.
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Class A-1 Members means those Members who purchase Class A-1 Membership Interests.
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Class A-1 Members and shall have the rights set forth in this Agreement with respect to the Class A-1 Units. Members holding Class A-2 Units shall be referred to herein as “Class A-2 Members” and shall have the rights set forth in this Agreement with respect to the Class A-2 Units. Members holding Class B Units shall be referred to herein as “Class B Members” and shall have the rights set forth in this Agreement with respect to the Class B Units. The Board of Managers (as defined herein) shall maintain exhibits that set forth the identity of the Members and the number and class of Units held by each Member from time to time. Exhibit B-1 hereto sets forth the name of each Member as of the Effective Date, and Exhibit B-2, Exhibit B-3 and Exhibit B-4 sets forth the number and class or series of Units held by each individual Member, which subparts taken together constitute one Exhibit B.
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Examples of Class A-1 Members in a sentence

  • There shall be established a Management Committee composed of up to eleven Persons (“Representatives”) who shall be elected by a plurality vote of the Class A Members and Class A-1 Members (voting together as if one class), with each such Member having one vote for each Class A Unit and Class A-1 Unit held by such Member.

  • Solely for purposes of determining a Member’s proportionate share of the “excess nonrecourse liabilities” of the Company within the meaning of Treasury Regulation Section 1.752-3(a)(3), the Members’ interests in Company profits shall be allocated to the Class A-1 Members Pro Rata in accordance with their relative number of Class A-1 Units.

  • The Class A-1 Members shall be entitled to an eight percent (8%) cumulative non-compounding Priority Return, and liquidation and distribution preferences as further set forth herein.

  • No Member has the right to withdraw from the Company as a Member without the Approval of a Majority of the Class A-1 Members to permit that withdrawal.

  • The Members agree to vote their Units so that Managers are elected to the Board as follows: the Class A-1 Members (by Approval of a Majority of the Class A-1 Members) shall have the right to designate one (1) Manager, who initially shall be [·].

  • Notwithstanding Section 7.2(a), to the extent that the Company is eligible to claim any deduction for federal income tax purposes with respect to amounts contributed by the Class A-1 Members pursuant to Section 6.2(b)(ii) and paid by the Company to the applicable taxing authority, such deduction shall be specially allocated one hundred percent (100%) to the Class A-1 Members in the same proportions as such Capital Contributions made pursuant to Section 6.2(b)(ii).

  • A-1 Members” or “Approved by a Majority of the Class A-1 Members” means the affirmative approval of any Class A-1 Members who, in the aggregate, own more than fifty percent (50%) of the Class A-1 Units owned by all of the Class A-1 Members.

  • The Board shall consist of one (1) Manager, or such other number as may be determined by the Approval of a Majority of the Class A-1 Members from time to time, but no decrease in the number of Managers shall have the effect of shortening the term of any incumbent Manager or taking away the rights of any Member to elect a Manager as provided in Section 5.3. Managers need not be residents of the State of Delaware.

  • A-1 Members” or “Approved by a Majority of the Class A-1 Members” means any Class A-1 Members who, in the aggregate, own more than fifty percent (50%) of the Class A-1 Units owned by all of the Class A-1 Members.

  • Notwithstanding anything to the contrary in this Agreement, the Company shall not distribute any property in kind to any Member without the prior written consent of the Board and the Class A-1 Members.


More Definitions of Class A-1 Members

Class A-1 Members means the holders of the Class A-1 Units.
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Class A-1 Members means the Member(s) holding Class A-1 Units.
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Class A-1 Members means the holder(s) of Class A-1 Interests. “Class A-2 Member(s)” means the holder(s) of the Class A-2 Interests. “Class A-3 Member(s)” means the holder(s) of the Class A-3 Interests.
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Related to Class A-1 Members

  • Class B Members means the Members holding Class B Units.

  • Class A Members means those Members who have purchased Class A Interests.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class A-2 Noteholders means the Class A-2a Noteholders and the Class A-2b Noteholders.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $[_______________], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Initial Class A-2 Note Balance means $235,000,000.

  • Class A-2 Certificates All Certificates bearing the class designation of "Class A-2".

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Class A-2 Component The Component having such designation.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Class C Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class A-1 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-1 Notes, issued in accordance with the Indenture.

  • Class A-2, Class X-1," "Class X-2," "Class B," "Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class A-2 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Class A has the meaning set forth in Section 5.1.C.

  • Class A operator means the individual who has primary responsibility to operate and maintain the UST system in accordance with applicable requirements. The Class A operator typically manages resources and personnel, such as establishing work assignments, to achieve and maintain compliance with regulatory requirements under this chapter.