Class B Membership Unit definition

Class B Membership Unit has the meaning assigned to it in Section 1.2.
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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.
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Class B Membership Unit has the meaning set forth in Section 2.07(a).
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Examples of Class B Membership Unit in a sentence

  • So long as the Designated Class B Holders in the aggregate hold at least one Class B Membership Unit, no holder of Class B Membership Units who is not a Designated Class B Holder may convert such units to Class A Membership Units without the prior written consent of Designated Class B Holders holding a majority of the outstanding Class B Membership Units then held by Designated Class B Holders (which consent may be granted in each such holder’s sole and absolute discretion).

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

  • Notwithstanding anything to ----------------------------------- the contrary in this Agreement, Edison will not Transfer any Class B Membership Unit to any Person except by operation of law to a Person who shall have succeeded to Edison's obligations to distribute all previously undistributed Class A Membership Units (including any related Reserved Proceeds) pursuant to the Plan of Reorganization.

  • The Company will not be required to issue fractions of Rights (except prior to the Distribution Date as provided in Section 11(m)) or todistribute Rights Certificates that evidence fractional Rights.

  • This Plan supercedes and replaces the Archer Technologies, LLC 2003 Class B Membership Unit Option Plan, which has been terminated by the Board of Managers.

  • This timing gap requires that the Group Members fund a significant portion of their capital requirements from a Class B Membership Unit offering by Holdings of $25,000,000, a senior secured, syndicated revolving credit facility of up to $l40,000,000 (which may be increased in an amount up to $225,000,000) with General Electric Capital Corporation, as administrative agent for the lending syndicate (the “Senior Facility”), and the Offering.

  • The Company shall not issue fractional shares of any Class B Membership Unit.

  • So long as the Designated Class B Holders in the aggregate hold at least one Class B Membership Unit, no holder of Class B Membership Units who is not a Designated Class B Holder may convert such units to Class A Membership Units without the prior written consent of Designated Class B Holders holding a majority of the outstanding Class B Membership Units then held by Designated Class B Holders (which consent may be granted in each such holder's sole and absolute discretion).

  • Studies about structural changes of families with a migration background presuppose that the country of origin and the host country are in different stages of the modernization process.

  • In consideration for the initial contribution of One Hundred Dollars ($100) by Stratosphere and the contributions, transfers and assignments of the Debtor-Contributed Litigation Claims to be made by the Debtors pursuant to the Plan, one Class B Membership Unit and 2,030,000 Class C Membership Units will be issued to Stratosphere on the Commencement Date.


More Definitions of Class B Membership Unit

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
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Related to Class B Membership Unit

  • Membership Unit means an outstanding common membership unit of the LLC.

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

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

  • 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 the Members holding Class B Units.

  • 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 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 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.