Class A Membership Unit definition

Class A Membership Unit refers to a single unit of Class A Interest.
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Class A Membership Unit has the meaning assigned to it in Section 1.2.
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Class A Membership Unit means a Membership Unit having the rights, preferences and obligations specified in this Agreement with respect to Class A Membership Units.
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Examples of Class A Membership Unit in a sentence

  • Each Class A Membership Unit of the LLC was converted into 50,000 shares of common stock of the Company or fraction thereof and each Class C Membership Unit of the LLC was cancelled.

  • Similarly, each Person to whom record ownership of a Class A Membership Unit is subsequently transferred in accordance with Section 5.2 will be admitted to the Company as a General Member upon the registration of such transfer.

  • Each issued and outstanding Class A Membership Unit shall be entitled to one (1) vote per Membership Unit.

  • Any purported Transfer of a Class A Membership Unit by a General Member in violation of this Agreement (an "Unauthorized Transfer") will be null and void.

  • At the option of the Company or the convertible note holder, the notes plus any accrued and unpaid interest may be converted into shares of the Company’s common stock on the basis of $1.00 per share or Class A Membership Units of the LLC on the basis of one Class A Membership Unit for each $50,000 of principal and/or interest converted.

  • At all meetings, each Class A Member shall be entitled to cast one vote, in person or by proxy, for each Class A Membership Unit held by such Member on the record date for the meeting.

  • The Exercise Price for the purchase of the Interests shall be $[·] per Class A Membership Unit.

  • Each Class A Membership Unit in such LLC subsequently distributed pursuant to the Plan will be accompanied by an amount determined by multiplying the total amount on deposit in the Reserved Proceeds Account for such LLC immediately prior to such distribution by a fraction, the numerator of which shall be one and the denominator of which shall be the number of Class B Membership Units in the applicable LLC that were outstanding immediately prior to such distribution.

  • A motion to call the question shall require two-thirds (2/3) vote and is not debatable.

  • Each Class A Membership Unit shall be entitled to cast one vote and, unless otherwise specifically provided herein, a majority by number of the votes entitled to be cast shall control and determine the matter at issue.


More Definitions of Class A Membership Unit

Class A Membership Unit means a unit representing a fractional share of the Class A Interests and entitling the holder thereof to a share of the distributions in respect of the Class A Membership Units.
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Class A Membership Unit has the meaning set forth in Section 2.07(a).
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Class A Membership Unit means a unit of ownership of the Company which entitles the holder of such Class A Membership Unit to a fractional, undivided share of the profits and losses of the Company, and all other benefits to which a Class A Member may be entitled, together with the obligations of such Class A Member to comply with all of the terms and provisions of this Agreement. The Class A Membership Units owned by the Class A Members are set forth on Schedule I, which may be amended from time to time.
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Class A Membership Unit. Purchaser shall have the meaning set forth inSection 9.2(a)
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Class A Membership Unit means a Class A Membership Unit (as defined in the REIT LLC Agreement) of the REIT.
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Related to Class A Membership Unit

  • Membership Unit means an outstanding common membership unit of the LLC.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • 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.

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

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

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

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • 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.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

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

  • 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.

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

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

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

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

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • Preferred Member means a Member holding Preferred Units.

  • Class D Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class D Unit as provided in this Agreement.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.