Class B Membership Unit definition

Class B Membership Unit has the meaning assigned to it in Section 1.2.
Class B Membership Unit means a Membership Unit having the rights, preferences and obligations specified in this Agreement with respect to Class B Membership Units.
Class B Membership Unit means a unit of ownership of the Company which entitles the holder of such Class B Membership Unit to a fractional, undivided share of the profits and losses of the Company, and all other benefits to which a Class B Member may be entitled, together with the obligations of such Class B Member to

Examples of Class B Membership Unit in a sentence

  • The stated value of each issued Class B Membership Unit shall be deemed to be $1.00 (the “Stated Value”).


More Definitions of Class B Membership Unit

Class B Membership Unit has the meaning set forth in Section 2.07(a).

Related to Class B Membership Unit

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Membership Units means membership interests in the Company.

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

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Class B Units means the Class B Units of the Company.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

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

  • 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.

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

  • 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 Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

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

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

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

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

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • 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 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 D Unit means a Partnership Unit entitling the holder thereof to the rights of a holder of a Class D Unit as provided in this Agreement.

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

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • Class A Common Units means the Company's Class A Common Units.

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

  • Class C Shares means the shares of Class C common stock of the Company.