Examples of Class B Partners in a sentence
The Class B Units have been, and may in the future be, issued for zero consideration in order to provide additional incentives for the Class B Partners to build value for the Partnership and achieve its business goals.
Except as expressly provided in this Agreement, the Class B Partners, in their capacities as such, shall have no voting rights or rights to participate in the management of the Partnership.
As described in Note 1 (b)(ii), the Company’s equity interests include the class B shares held by BAM Re Class B Partners.
For any Taxable Year, gross income in an amount equal to any distributions of Available Cash made to the Class B Partners pursuant to Section 4.1(c) shall be allocated to the Class B Partners, pro rata, based on the number of Class B Units held by such Class B Partners.
Conversion Shares issued to Class B Partners will be vested only to the extent that the related original Interests are vested on the date of such conversion (the “Conversion Date”), and vesting thereafter will continue in accordance with the schedule set forth in the respective Award Agreements.
None of the Class B Partners may Transfer all or any portion of their respective Interests without the prior written approval of the General Partner in its sole discretion, except in the case of Transfers effected pursuant to and in accordance with this Section 6.01 and Sections 6.02, 6.03, 6.05 and 6.06 of this Agreement (including pursuant to the power of attorney in Section 6.08) or for bona fide estate planning purposes.
Immediately upon receipt of such notice, the Class B Partners shall suspend the use of the prospectus until the requisite changes to the prospectus have been made as required below.
The Company shall not grant any shelf, demand, piggyback or incidental registration rights that are senior to the rights granted to the Class B Partners hereunder to any other Person without the prior written consent of Class B Partners having the right to acquire at least a majority of the total number of potential Exchange Securities as of the date that the Company requests such consent and such consent may be given in the sole discretion of each of the Class B Partners.
The purpose of the Partnership is to directly or indirectly own Calpine and to issue the Class B Interests to the Class B Partners.
For any Taxable Year, gross income in an amount equal to any distributions of Available Cash made to the Class B Partners pursuant to Section 4.1(c) shall be allocated to the Class B Partners, pro rata based on the number of Class B Units held by such Class B Partners.