Class A Membership definition

Class A Membership means the one (1) Class A Membership in CBOT.
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Class A Membership means a Membership Interest in the Company entitled to receive the distributions described in Section 5.03 of this Agreement and those certain voting rights (if any) described in Section 3.04 of this Agreement.
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Class A Membership means an equity Membership Interest in the Company which entitles the holder to distribution rights and voting rights in the Company.
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Examples of Class A Membership in a sentence

  • The Class A Membership Interest shall be represented by Class A Units.

  • Except as expressly permitted in this Agreement, no other Person shall be admitted as a Member of the Company, and no additional interest in the Company shall be issued, without such approval of a Majority of the Membership Interests and the Class A Membership Interest.

  • The Class A Membership Interests and Class B Membership Interests in the Company are set forth on Schedule I.

  • Whenever this Agreement provides for the approval or action of the Class A Members, unless specifically stated otherwise, such approval or action shall be made by the Class A Member (or if there is more than one Class A Member, the Class A Members owning a Majority of the Class A Membership Interest).

  • The Company shall not be permitted to admit additional Members hereunder without consent of: (1) the Manager and (2)(a) the Members owning a Majority of the Membership Interests and (b) the Class A Membership Interest, to the extent outstanding.

  • From and after the occurrence of any Event of Default and until such Event of Default is remedied to the reasonable satisfaction of Holder, Debtor will issue Holder no Class A Membership Units (as defined in the Amended and Restated Limited Liability Company of Debtor (the “LLC Agreement”)) on the date of such Event of Default and each 90 day interval thereafter until all amounts due and owing under this Note have been paid in full.

  • Following a transfer that complies with the requirements of this Section 3.1, the Warrant may be exercised by a new Holder for the purchase of Class A Membership Interests regardless of whether the Company issued or registered a new Warrant on the books of the Company.

  • The Company shall not be required to issue a fractional units of Class A Membership Interests upon exercise of any Warrant.

  • Of the 50,000,000 authorized Class A Units, the Company intends to offer 5,000,000 Units to Investors, for a total of $50,000,000 pursuant to Regulation A.With the exception of Class A Membership interests, no Member may assign, convey, sell, encumber, or in any way alienate all or any part of his or her interest in the company as a Member without the consent of the Manager.Class A: 50,000,000 authorized – None Outstanding.

  • The Membership Interests and the Warrants are duly authorized and, upon issuance in accordance with the terms hereof, shall be validly issued and free from all taxes, liens and charges with respect to the issue thereof and the Membership Interests shall be fully paid and nonassessable with the holders being entitled to all rights accorded to a holder of Class A Membership Interests.


More Definitions of Class A Membership

Class A Membership. Each Owner (except Developer) is a Class A member of the Association. Regardless of the number of parties owning an interest in a Lot, each Lot is allocated one vote.
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Related to Class A Membership

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

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

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

  • Preferred Member means a Member holding Preferred Units.

  • membership dues means the dues established pursuant to the constitution of the Association as the dues payable by employees as a consequence of their membership in the Association and shall not include any initiation fee, insurance premium or special levy (« cotisations » ou « retenues syndicales »);

  • Membership Units means membership interests in the Company.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Membership means the definition of that term under section 6 as in effect for the particular fiscal year for which a particular calculation is made.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Founding Members means those public school districts, cities, counties, and other governmental units that are signatories to the Joint Powers Agreement and have a voting member serving on the JPA's Board of Directors.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Class B Interests As set forth in the Trust Agreement.

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

  • Membership Card means a card issued by the Club to indicate membership of a Membership Scheme.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

  • Class B Units means the Class B Units of the Company.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.