Class B Unit Holder definition

Class B Unit Holder means each Person who owns a Class B Unit. Class B Unit Holders are not Members.
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Class B Unit Holder means any holder of at least one Class B Preferred Unit.
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Class B Unit Holder means a Person listed on Schedule A that holds a Class B Unit in the Company, and who has signed this Agreement, either personally, by power of attorney or by some other instrument or document of the Company that by its terms is deemed to be an execution of this Agreement.
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Examples of Class B Unit Holder in a sentence

  • If an owner of Class B Units desires to Transfer all or a portion of such Person's Class B Units to any Person who is not a Class B Member or Class B Unit Holder, then such Transfer shall not constitute a Permitted Transfer unless such transfer occurs in full compliance with the terms of this Agreement.

  • The Company will use its reasonable best efforts to deliver to each Class B Unit Holder within ninety (90) days following the end of each fiscal year, all information necessary for the preparation of the Member's income tax returns.

  • If the Class B Unit Holder fails to pay the balance of his commitment, the Company will have ninety (90) days to redeem and cancel the defaulting Class B Unit Holder by returning the investor’s initial payment.

  • The tribunal set the proceeding schedule and tentatively fixed the matter for hearing from 15 to 20 January 2018.

  • The Company shall have no obligation to pay any cash flow or Preferred Return to such defaulting Class B Unit Holder.

  • In this Agreement, unless the contrary intention appears: Commencement Date means the date on which this Agreement commences as specified in the Summary Schedule.

  • If an owner of Class B Units desires to Transfer all or a portion of such Person's Class B Units to any Person who is not a Class B Member or Class B Unit Holder, then such Transfer shall not constitute a Permitted Transfer unless such transfer occurs in full compliance with the terms of this Agreement and the Redemption Plan.

  • A half Class B Unit Holder shall pay the purchase price for a half Class B Unit under the same terms with an initial deposit of $15,000 with the balance of $10,000 to be paid within fifteen (15) days of being notified by the Company that the Company has achieved positive cash flow of $100,000.

  • A new program for ages 9-12 – Friday Night Hoops – will begin in February with two (2) sessions each in February and March.

  • On Class B Voting Matters, each Class B Unit Holder shall be entitled to that number of votes that is equivalent to such Class B Unit Holder's voting percentage set forth beside such Member's name on Schedule A, and all Class B Voting Matters shall be decided, except as otherwise provided herein, by a majority of the voting power of the Class B Unit Holders.


More Definitions of Class B Unit Holder

Class B Unit Holder means a Person who owns Class B Units of the Company but who is not a Class B Member, including, except as otherwise provided herein, a Class B Member who becomes a Withdrawn Member. (x) "Code" means the Internal Revenue Code of 1986, as amended from time to time. All references herein to sections of the Code include any corresponding provision or provisions of succeeding law. (y) "Company" means Seed Equity Properties, LLC, a Colorado limited liability company. (z) "Company Property" means assets owned by the Company, whether tangible or intangible, which may be more particularly identified on Exhibit B to this Agreement. (aa) "Company Withdrawal Purchase Option" is defined in Article 10.4(b)(ii). (bb) "Company Withdrawal Purchase Option Notice" is defined in Section 10.4(c)(ii). (cc) "Compliance Committee" is defined in Article 4.11. (dd) "Confidential Information" means: (i) the terms of this Agreement (except as contemplated in Article 4.3); (ii) information that the Company (or one of its subsidiaries) maintains in confidence from third parties; (iii) information that the Person knows to be proprietary to the Company or one of its subsidiaries, Members, Unit Holders, Directors, or Manager; (iv) financial information relating to the Company, its subsidiaries, to the Members, Unit Holders, Directors, or Manager; (v) information relating to the Company's (or its subsidiaries') marketing and business plans and strategies;
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Related to Class B Unit Holder

  • Unit Holder means a person holding units in the scheme of the Mutual Fund.

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

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

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

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

  • LTIP Unitholder means a Partner that holds LTIP Units.

  • Unit Holders means all Unit Holders.

  • Unitholder means a person holding units in the scheme of the Mutual Fund.

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

  • Rollover Unit holder shall be defined as set forth in Section 5.05, herein."

  • 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 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.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

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

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.

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

  • Class B Members means the Members holding Class B Units.

  • Preferred Member means a Member holding Preferred Units.

  • 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.

  • Holder or Unit Holder means the investor for the time being entered in the Register as owner of a Unit including investors jointly so registered pursuant to the provisions of the Trust Deed.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner 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 A Membership Interest means a Class A Membership Interest in Holdings.

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

  • 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.