Examples of Class B Member in a sentence

Each Class B Member shall reinvest all distributions made with respect to its Class B Units for the purchase of additional Class C Units or Class D Units, as determined by the Manager in its sole discretion unless such Class B Member has provided advance written notice to the Manager of its preference.
In consideration of Capital Contributions of the Class B Members in respect of their Class B Commitment Amount, the Company shall issue Class B Interests to each Class B Member.

More Definitions of Class B Member

Class B Member means any Person (i) who has become a Member pursuant to the terms of this Agreement, and (ii) who is the owner of one or more Class B Units. “Class B Members” means all such Persons.

Class B Member means a Person designated as a Class B member of the Company pursuant to the terms of the operating agreement of the Company.

Class B Member means each Person admitted to the Company as a Member and who holds Class B Units, and any other Person admitted as an additional or substitute Member and who holds Class B Units, so long as such Person holds Class B Units together with any Permitted Transferees thereof. If a Class B Member holds different classes of Units, then such Class B Member shall be treated as a Class B Member only with respect to its Class B Units.

Class B Member has the meaning set forth in the Preamble.

Class B Member means a holder of Class B Units as relates to the ownership of such Units, executing this Agreement as a Class B Member or hereafter admitted to the Company as a Class B Member as provided in this Agreement, but does not include any Person who has ceased to be a Member.

Class B Member means any Member:

Class B Member means any Class B Member of National Rural as described in National Rural’s Bylaws currently in effect.