Class A Interests definition

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 Interests means the Units purchased by the Class A Members.

Examples of Class A Interests in a sentence

If the Company shall default in its obligations to deliver Class A Interests to a Purchaser whose offer it has accepted, the Company shall indemnify and hold the Placement Agents harmless against any loss, claim, damage or expense arising from or as a result of such default by the Company in accordance with the procedures set forth in Section 5(c) herein.
Notwithstanding the foregoing, nothing herein shall prevent the Company from offering and selling its Class A Interests in private placements that are contingent upon, and are scheduled to close immediately subsequent to, the closing of this Offering (the “Private Placements”).
The Placement Agents shall communicate to the Company, orally or in writing, each reasonable offer to purchase Class A Interests received by them as agents of the Company.
Until the Closing Date (as defined below) or earlier upon termination of this Agreement pursuant to Section 7, the Company shall not, without the prior written consent of the Placement Agents, solicit or accept offers to purchase the Class A Interests otherwise than through the Placement Agents.
The purchases of Class A Interests by the Purchasers shall be evidenced by the execution of the Subscription Agreements between each of the Purchasers and the Company.

Class A Interests mean the Units purchased by the Class A Members. The Class A Interests shall comprise fifty percent (50%) of the total Interests sold. Class A Percentage Interests shall be determined by calculating the ratio between each Class A Members Capital Account in relation to the total capitalization of the Company provided by the Class A Members. Class B Interests mean fifty percent (50%) of the total Interests in the Company, which shall be issued to XXXXXXX HOMES XXXXXXX LOANS, LLC (in concert with the Xxxxxxx X Xxxxxxx Development Co or its members or their Affiliates) in exchange for services. Class B Members shall initially mean XXXXXXX HOMES XXXXXXX LOANS, LLC (or its Affiliates and/or members), but may include others to whom the Manager may grant or allow to purchase Class B Interests. Issuance of Class B Units is irrevocable even if Xxxxxxx Homes Xxxxxxx Loans, LLC, and Xxxxxxx Xxxxxxx is removed as the Manager of the Company. Code means the Internal Revenue Service Code of 1986, as amended from time to time. Company shall refer to Xxxxxxx Homes Xxxxxxx Loans, LLC, a Georgia domestic limited liability company and an emerging growth proptech and fintech company (real estate, technology and financial services). Xxxxxxx Homes Xxxxxxx Loans | 64 Company Operating Agreement Company Minimum Gain has the meaning set forth in sections 1.704-2(b)(2) and 1.704-2(d) of the Treasury Regulations.

Class A Interests shall have the meaning specified in the recitals.

Class A Interests shall have the meaning set forth in Section 3.1(a).

Class A Interests means (a) the Class A Membership Interests initially issued to MUS in exchange for the contribution by MUS to the Company of its Category A membership interest in Cardinal; (b) any additional Class A Interests issued to MUS and MOP pursuant to Section 3.2; and (c) any additional Class A Interests issued on Transfer of any Class A Interest or to any Additional Member. As of the Effective Time, MOP owns 100% of the Class A Interests.

Class A Interests means the Interests in the Company held by the Class A Members.

Class A Interests. The Class AI and Class AII Interests.