Class B Preferred Member definition

Class B Preferred Member means any Member holding Class B Preferred Units.
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Class B Preferred Member means any Person who has purchased or been granted Class B Preferred Membership Units and is listed as a Class B Preferred Member on Schedule A hereto, as such schedule may be amended from time to time, and any additional or substitute Class B Preferred Member admitted to the Company in accordance with the terms of this Agreement.
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Class B Preferred Member means a Member that owns a Class B Preferred Interest.
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Examples of Class B Preferred Member in a sentence

  • Each Seller proposes to (i) sell, assign, and transfer its Class B Preferred Membership Interests to the Purchaser in accordance with the terms and subject to the conditions set forth in this Agreement and (ii) withdraw from the Company as a Class B Preferred Member.

  • Each Seller is a Class B Preferred Member of TXU Energy Company LLC, a Delaware limited liability company (the "Company"), and is a party to the Second Amended and Restated Limited Liability Company Agreement of the Company, dated as of July 1, 2003 (the "LLC Agreement").

  • Adherents are those who support the Church with their time, talent and resources, but have not become members.

  • Effective upon the Closing and the delivery by Purchaser of the Class B Joinder to the Secretary of the Company, pursuant to the terms of the LLC Agreement, Purchaser is hereby admitted to the Company as a substituted Class B Preferred Member in respect of the Class B Preferred Membership Interests of each Seller acquired hereunder and, immediately thereafter, each Seller hereby withdraws, and is withdrawn, from the Company as a Class B Preferred Member.

  • Notwithstanding anything in the Guaranty to the contrary, for purposes of Section 8.01 of the Guaranty, the outstanding amount of this Progeny Facility shall equal the outstanding Contributed Capital of the Class B Preferred Member (each as defined in the PPH Company Agreement) plus the accrued and unpaid Class B Priority Return (as defined in the PPH Company Agreement) plus all other amounts then due and payable to the Class B Preferred Member.

  • Unless otherwise specified by the Board acting with Special Approval, each Class B Preferred Member shall have fifteen (15) days from the issuance of a capital request pursuant to this Section 3.2(b) and corresponding written notice to such Class B Preferred Member to make such Class B Preferred Member’s Capital Contribution.

  • The Company agrees and acknowledges that money damages may not be an adequate remedy for any breach of the provisions of this Certificate and that the Class B Preferred Member may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or deposit) for specific performance or other injunctive relief in order to enforce or prevent any violations of the provisions of this Certificate.

  • In no event shall any Class B Preferred Member be required to make any Capital Contribution in excess of such Class B Preferred Member’s Remaining Commitment Amount.

  • The Board shall amend the Schedule of Members attached hereto to reflect any Aggregate Upsized Commitment Amount of any Class B Preferred Member and the corresponding adjustment to such Class B Preferred Member’s Remaining Commitment Amount and the Commitment Ratios of all of the Class B Preferred Members.

  • The Company shall cause to be delivered to each Class B Preferred Member and the DLJ VCOC Fund, so long as it directly or indirectly holds any Class B Preferred Membership Interest, financial statements, reports and notices referred to below.


More Definitions of Class B Preferred Member

Class B Preferred Member and, together with the Common Member and the Class A Preferred Member, the “Members”), as the members of the Company (as defined herein).
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Class B Preferred Member or "CLASS B PREFERRED MEMBERS" has the meaning set forth in the Preamble.
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Class B Preferred Member has the meaning ascribed to such term in the preamble to this Agreement.
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Class B Preferred Member means Sponsor initially (and for so long as Sponsor holds Class B Preferred Units), and any other Person hereafter admitted as a Member holding Class B Preferred Units.
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Related to Class B Preferred Member

  • Preferred Member means a Member holding Preferred Units.

  • Class B Preferred Stock means the Class B preferred stock, nominal value $1,000, of the Company.

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

  • Series B Preferred Units shall have the meaning provided in Section 1.

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

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

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

  • Class B Members means all such Persons.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • 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.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

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

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • 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.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Preferred Shareholders means the holders of the Preferred Shares of the Company.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • 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.

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

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

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.