Contemporaneously with the assignment of the Assigned Class B Company Interest described in paragraph 1 of this Agreement, Assignee shall be admitted to the Company without any further action.
Company Interest means the interest of a Member in Profits, Losses and Distributions.
Company Interests has the meaning set forth in the Recitals.
Class B Interest Each of the Class B-1 and Class B-2 Interests.
Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.
Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.
Intercompany Interest means an Interest in a Debtor held by another Debtor.
Class A LP Units means the Class A limited partnership units of the Partnership.
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.
L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.
Class B Membership Interest means a Class B Membership Interest in Holdings.
Class B Common Units has the meaning set forth in Section 1(a) hereof.
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”.
Class A Interest Each of the Class A-1 and Class A-2 Interests.
Class R-IV Interest The uncertificated Residual Interest in REMIC IV.
Class A Membership Interest means a Class A Membership Interest in Holdings.
Class B Interests As set forth in the Trust Agreement.
Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.
Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.
Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.
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 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 R-I Interest The uncertificated Residual Interest in REMIC I.
Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.
Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.
General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.
Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.