Class B Membership Interests means the Class B Membership Interests in the Company.
Class B Membership Interests means the membership interests in the Company that are initially held by Mehetia and having the rights described in the Company LLC Agreement.
Class B Membership Interests is defined in Section 3.1(b).
Examples of Class B Membership Interests in a sentence
It is further acknowledged and agreed by the parties hereto that the Board of Managers may from time to time authorize and issue additional Class B Membership Interests for such consideration as the Board of Managers in their sole discretion determines to be in the best interests of the Company.
More Definitions of Class B Membership Interests
Class B Membership Interests has the meaning assigned to such term in the Company LLC Agreement.
Class B Membership Interests has the meaning set forth in Section 3.1 of this Agreement.
Class B Membership Interests. Each class of Membership Interests has such rights, preferences, privileges and restrictions as set forth in this Agreement. The Class B Membership Interests shall be non-voting and shall have no rights to vote or participate in the management of the LLC except as may be required under the Act or otherwise expressly set forth herein. The term “Membership Interests” shall refer to the Class A Membership Interests and Class B Membership Interests, collectively.
Class B Membership Interests. The Class A Membership Interests and the Class B Membership Interests shall be identical in all respects, except that the Class A Membership Interests shall have voting rights and the Class B Membership Interests shall not have voting rights. All or any portion of the Class A Membership Interests may be converted and reclassified by the holder thereof, at any time, into an equal number of Class B Membership Interests.
Class B Membership Interests has the meaning ascribed to such term in the Pine Brooke Holdings Amended and Restated LLC Agreement.
Class B Membership Interests has the meaning established in the DVSL Operating Agreement.
Class B Membership Interests mean for each Member the number of Class B Membership Interests set forth on Schedule A opposite such Member’s name.