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 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 has the meaning ascribed to such term in the preamble to this Agreement.
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Examples of Class B Preferred Member in a sentence

  • 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").

  • 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.

  • The Purchaser proposes to (i) purchase, acquire, and accept each Seller's Class B Preferred Membership Interests in accordance with the terms and subject to the conditions set forth in this Agreement and (ii) be admitted to the Company as the substituted Class B Preferred Member.

  • 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Interests of each Seller acquired hereunder and, immediately thereafter, each Seller hereby withdraws, and is withdrawn, from the Company as a Class B Preferred Member.

  • 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.

  • 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 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.

  • The financial statements listed in clauses (i) and (ii) below shall be prepared, in each case on a consolidated basis in accordance with GAAP, and such other reports as any Class B Preferred Member and the DLJ VCOC Fund, so long as it directly or indirectly holds any Class B Preferred Membership Interest, may reasonably request from time to time.

  • Each Class B Preferred Member shall have ten Business Days from the date of the receipt of such notice to elect (by written notice to the Company or any subsequent transferee, as applicable) to sell all or any portion of the Class B Preferred Membership Interests held by such Class B Preferred Member to the Company or such subsequent transferee, as applicable.

  • Except as otherwise provided in this Certificate, every covenant, term and provision of this Certificate shall be binding upon the Company and shall inure to the benefit of the Class B Preferred Member, the DLJ VCOC Fund and their distributees, heirs, legal representatives, executors, administrators, successors and permitted assigns and designees.


More Definitions of Class B Preferred Member

Class B Preferred Member means a Member that owns a Class B Preferred Interest.
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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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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 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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Related to Class B Preferred Member

  • Preferred Member means a Member holding Preferred Units.

  • Class B Preferred Shares means class B preferred shares of Pembina;

  • 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 the Members holding Class B Units.

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

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

  • 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.

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

  • 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 Preferred Shares.

  • 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 $0.001 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 the Class A limited partnership units of the Partnership.