Class B Management Units definition

Class B Management Units means (i) the Class B Management Units ------------------------ originally issued pursuant to this Agreement and designated as Class B Management Units on Schedule A and (ii) any Class B Management Units issued with ---------- respect to such Class B Management Units by way of dividend or Unit split or in connection with a combination of Units, recapitalization, merger or other reorganization. A Class B Management Unit will continue to be a Class B Management Unit in the hands of any Person to which such Unit is transferred.
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Class B Management Units shall have the meaning ascribed to it in the LLC Agreement.
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Class B Management Units means (i) the Class B Management Units (A) ------------------------ originally issued and outstanding pursuant to this Agreement to the applicable persons listed on Schedule A or (B) allocated to the Pool pursuant to this ---------- Agreement and designated as Class B Management Units on Schedule A and (ii) any ---------- Class B Management Units issued with respect to such Class B Management Units by way of dividend or Unit split or in connection with a combination of Units, recapitalization, merger or other reorganization. A Class B Management Unit will continue to be a Class B Management Unit in the hands of any Person to which such Unit is transferred.
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Examples of Class B Management Units in a sentence

  • In the event Xxxxx Xxxxx ceases to be an employee of any Subsidiary of the Company (including, without limitation, CTN) or ceases to be a Member, the Managing Member shall have the right to issue any additional Class A Management Units or Class B Management Units, or allocate any unallocated Class A Management Units or Class B Management Units from the Pool.

  • In the event Xxxxxx ceases to be an employee of any Subsidiary of the Company (including, without limitation, UCTV) or ceases to be a Member, the Managing Member shall have the right to issue any additional Class B Management Units.

  • As of the date hereof, the Units are comprised of "Class A Investor ----- ---------------- Units," "Class B Investor Units," "Preferred Units," "Class A Management Units," ----- ---------------------- --------------- ------------------------ "Class B Management Units" and "Class R Management Units".

  • Moreover, Leedy and Omrod (2005) caution that data that are obtained in a qualitative survey are particularly prone to distortion because of bias in the research design.

  • The ownership by a ------------------------ ------------------------ Member of any Class A Investor Units, Class B Investor Units, Preferred Units, Class A Management Units, Class B Management Units and/or Class R Management Units shall entitle such Member to allocations of Profits and Losses and other items and distributions of cash and other property with respect to such Units as set forth in Article V hereof.

  • The ownership by a Member of any Class A Investor Units, Class B Investor Units, Class C Investor Units, Preferred Units, Class A Management Units, Class B Management Units and/or Class R Management Units shall entitle such Member to allocations of Profits and Losses and other items and distributions of cash and other property with respect to such Units as set forth in ARTICLE V hereof.

  • The vesting proportion of Class A to Class B Management Units each year shall be based on the relative percentage of each to all Management Units (i.e. 1/3 of each of the Class A and Class B Management Units shall vest each year).

  • Any Units issued pursuant to this Agreement which ----------------- are subsequently held by the Company as a result of any repurchase of such Units by the Company or otherwise, shall not be considered outstanding Units for any purpose hereunder, including any Class A Management Units and Class B Management Units allocated to the Pool.

  • It is therefore part of our doctrine that in relation to any activities of this church we must in no way condone, promote, assist or encourage any form of sexual practice except that within the loving bond of husband and wife.7.4 Applications for membership‌Applications for membership shall be made in writing to the Church Administrator or other Church Officer.Applicants for membership will be interviewed by two members (one of whom should normally be an elder).

  • The Investors and/or any holder of Class A Management Units who or that received a distribution pursuant to the second sentence of this Section 5.4(b) shall contribute to the Company an amount equal -------------- to such person's appropriate share of the amount required to be distributed to holders of Class B Management Units pursuant to the immediately preceding sentence.


More Definitions of Class B Management Units

Class B Management Units means (i) the Class B Management Units ------------------------ originally issued and outstanding pursuant to this Agreement to the applicable persons listed on Schedule A or allocated to the Pool pursuant to this Agreement ---------- and designated as Class B Management Units on Schedule A and (ii) any Class B ---------- Management Units issued with respect to such Class B Management Units by way of dividend or Unit split or in connection with a combination of Units, recapitalization, merger or other reorganization. A Class B Management Unit will continue to be a Class B Management Unit in the hands of any Person to which such Unit is transferred.
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Related to Class B Management 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.

  • Management Unit means an area established by the Commission for management purposes.

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

  • Class B Units means the Class B Units of 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.

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

  • Class B Members means the Members holding Class B Units.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • 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.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

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

  • Class B operator means the individual who has day-to-day responsibility for implementing applicable regulatory requirements established by the department. The Class B operator typically implements in-field aspects of operation, maintenance, and associated record keeping for the UST systems.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • apartment unit means any residential dwelling unit within a building containing three or more dwelling units where access to each residential unit is obtained through a common entrance or entrances from the street level and the residential units are connected by an interior corridor;

  • Placement Units shall have the meaning given in the Recitals hereto.

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

  • 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.

  • Holdings LLC Agreement means the Third Amended and Restated Limited Liability Company Agreement of Holdings, dated on or about the date hereof, as such agreement may be amended from time to time.

  • Common Units is defined in the Partnership Agreement.

  • Company Units has the meaning set forth in the Recitals.

  • LLC Units has the meaning set forth in the LLC Agreement.

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