Class A Membership definition

Class A Membership means the one (1) Class A Membership in CBOT.
View Source
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.
View Source
Class A Membership means an equity Membership Interest in the Company which entitles the holder to distribution rights and voting rights in the Company.
View Source

Examples of Class A Membership in a sentence

  • 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.

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

  • No Class A Membership Interests or Class B Membership Interests are subject to preemptive rights or any other similar rights or any liens or encumbrances suffered or permitted by the Company.

  • Unless otherwise restricted by law or the Basic Documents, the Manager may resign by written notice to the Company, in which case if there are no persons or entities appointed by or willing to serve as Manager under the Class B Members, then any vacancy may be filled by the written consent of the Members owning a Majority of the Class A Membership Interests.

  • Upon exercise in accordance with the Warrants, the Warrant Interests will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes, liens and charges with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Class A Membership Interests.

  • All of such outstanding Class A Membership Interests have been, or upon issuance will be, validly issued and are fully paid and nonassessable.

  • 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.

  • Each Class A Membership Interest shall be entitled to one vote at any meeting at which such interest is entitled to a vote.

  • No governmental approvals are required for Investor to acquire the 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.
View Source

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 the Members holding Class B Units.

  • Membership date means the date upon which the member began participating in the system as provided in KRS 78.615;

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