Class B Member Interest definition

Class B Member Interest or “Class B Interest” means an Interest in the Company designated as a Class B Interest under the LLC Agreement.
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Class B Member Interest means the Series B Common Units in ----------------------- the LLC initially transferred to Purchaser pursuant to Section 1 of this Agreement and Section 3.1(b) of the LLC Agreement, as well as any and all additional interests in the LLC which the Purchaser may acquire pursuant to Sections 3.1(b)(i) or (ii) of the LLC Agreement, as well as all the rights arising in the capacity of a Class B Member as of the Effective Date.
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Class B Member Interest means each Interest in Chaparral designated as a Class B Member Interest under the Chaparral LLC Agreement.
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Examples of Class B Member Interest in a sentence

  • There shall be two classes of Interests: a Class A Member Interest and a Class B Member Interest.

  • All distributions made by the Borrower to any holder of a Class B Member Interest shall be subject to the provisions of Section 21(g) of the LLC Agreement.

  • CPS shall not grant or otherwise create any Lien on the Class A Member Interests (as defined in the LLC Agreement) in the Borrower (or any other equity interest in the Borrower, including the Class B Member Interest) without the prior written consent of the Administrative Agent (other than the Lien granted to the Collateral Agent under the Pledge Agreement).

  • The Trust shall Dispose of its entire Class B Member Interest pursuant to this Section 3.03(b)(A)(i).

  • If the Manager fails to give notice during the Repurchase Period, the Class B Member Interest Repurchase Option shall terminate (unless the Zhone Board and the Employee or the Employee's heirs, administrators, successors or assigns, as applicable, have agreed to extend the time for the exercise of the Class B Member Interest Repurchase Option).

  • The purchase price for the Class B Member Interest (the "Purchase Price") shall be _________ shares of common stock, par value $.001 per share, of Zhone ("Zhone Common Stock") (valued at $.001 per share), at a total value of ________________ Dollars ($________) in a exchange for a total of ___________ Series B Common Units.

  • The Auction Notice shall state that any Person, including Members, must submit a sealed binding offer in writing to the Independent Auctioneer for all of the Trust=s Class B Member Interest on the Auction Date in order to participate in the auction.

  • Such consent shall not be deemed to confer or convey to the spouse any rights in the Class B Member Interest that do not otherwise exist by operation of law or this Agreement.

  • Product Carriers shall, as of the Effective Date, deliver to the Blackstone/Cerberus Parties the Certificate of Interest (as defined in the LLC Agreement) with respect to the Class B Member Interest endorsed in blank or accompanied by duly executed assignment documents.

  • Products Carriers agrees that it shall file, and cause to be filed, all tax returns, reports and any other tax-related documents in a manner consistent with the transfer of the Class B Member Interest for $1.


More Definitions of Class B Member Interest

Class B Member Interest has the meaning given in the Hickory LLC Agreement.
Sample 1
Class B Member Interest means the entire ownership interest and rights of a Member in Class B Member Interests of the Company, such Class B Member Interests having all the characteristics of Member Interests generally set forth in these Regulations, provided that, notwithstanding anything to the contrary, Class B Member Interests are non-voting interests that shall not entitle holders thereof to vote on or consent to any matter submitted to the Members for approval or other action, and Class B Member Interests shall not be included for purposes of determining a majority or other percentage of Member Interests in connection with a quorum, vote or consent of the Members.”
Sample 1
Class B Member Interest the Membership Interest of a Class B Member of the Company. Closing Time ‑ immediately prior to the making of the Advances (as defined in the Facility Agreement) constituting the Series Tranche, which time shall be after the Effective Time. Code ‑ shall mean the Internal Revenue Code of 1986, as amended from time to time, together with the regulations thereunder, as in effect from time to time. Section references to the Code are to the Code as in effect at the date of this Agreement and any subsequent provisions of the Code amendatory thereof, supplemental thereto or substituted therefor. Company ‑ Recital 1.
Sample 1
Class B Member Interest the Membership Interest of a Class B Member of the Company. Closing Time ‑ immediately after the issuance of the Beneficial Interest Certificate in the Trust, which time shall be after the Effective Time. Code ‑ shall mean the Internal Revenue Code of 1986, as amended from time to time, together with the regulations thereunder, as in effect from time to time. Section references to the Code are to the Code as in effect at the date of this Agreement and any subsequent provisions of the Code amendatory thereof, supplemental thereto or substituted therefor. Company ‑ Recital 1.
Sample 1

Related to Class B Member Interest

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

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

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

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

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

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

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

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

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs 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 A Members means those Members who have purchased Class A Interests.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • 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 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.

  • 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.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

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

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

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

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

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.