Examples of Class B Common Member in a sentence
Following a Transfer to a transferee who acquires a Membership Interest from a Class B Common Member under this Agreement by means of a Transfer that is permitted under this Section 11, but who is not admitted as a Class B Common Member, the transferor shall not cease to be a Class B Common Member of the Company and shall continue to be a Class B Common Member until such time as the transferee is admitted as a Class B Common Member under this Agreement.
Unless specifically set forth in this Agreement, the Class B Common Member shall have no other rights of the Members under this Agreement.
In the event any Class A Common Member, Class B Common Member or Class C Common Member has to make a filing under the HSR Act in connection with the Merger, the filing or similar type fee for such filing shall be paid by the LLC or one of its subsidiaries.
Subject to the conditions and restrictions set forth in Section 11.3 and Section 5.7, a Class B Common Member may Transfer all or any portion of its Class B Common Membership Interest to Parent Company or any of its Affiliates.
Any Class B Common Member or any of its Affiliates may contribute from time to time such additional cash or other property as it may determine; provided, however, that any Capital Contribution made by any Class B Common Member or any of its Affiliates pursuant to this Section 2.2 shall consist of Permitted Assets and the Company shall, after giving effect to the additional contribution, satisfy each of the Portfolio Requirements.
In the event that there is more than one ----------------------- Class B Common Member, it is the intent of the Members that all distributions of liquidating proceeds to the Class B Common Members under Section 7.2(d) shall be made to the Class B Common Members in proportion to their respective percentage ownership interests.
Upon the date of execution of the Agreement and Plan of Merger, the Class B Common Member shall make a Capital Contribution of cash in the amount of $30,000,000.
Subject to the conditions and restrictions set forth in Section 11.3 and Section 5.7, a Class B Common Member may Transfer all or any portion of its Class B Common Membership Interest to the Parent Company or any of its Affiliates.