Class B Voting Units definition

Class B Voting Units means the limited liability company interests described in Section 3.1(a)(ii) and having the rights, powers and preferences specified herein.

Class B Voting Units means the limited liability company interests described in Section 3.1(a)(ii) and having the rights and preferences specified herein.

Class B Voting Units. The Members shall have no right to vote on any matter, except as specifically set forth in this Agreement, or as may be required under the California Act. Any such vote shall be at a meeting of the Members entitled to vote or in writing as provided herein.

Examples of Class B Voting Units in a sentence

• The Managing Member shall be designated by the holders of Class B Voting Units.

• Simultaneously with the conversion of PI Units, all of the issued and outstanding Common Units shall hereby be automatically converted into the number of Class A Common Units paired with a corresponding number of Class B Voting Units (with respect to the Founder Members) or Class C Voting Units (with respect to the TSG Members), as calculated by the board of managers of the Company under the Prior Agreement based on the terms determined at pricing of the IPO.

• The holders of Class B Voting Units shall be entitled to one (1) vote per Class B Voting Unit with respect to any designation of the Managing Member pursuant to Section 5.1 or designation of an additional Managing Member or substitute Managing Member pursuant to Section 5.3, and shall not be entitled to any other rights, powers, privileges or obligations under this Agreement.

• The holders of Class B Voting Units shall be entitled to ten (10) votes per Class B Voting Unit with respect to any designation of the Managing Member pursuant to Section 5.1 or designation of an additional Managing Member or substitute Managing Member pursuant to Section 10.3, and shall not be entitled to any other rights, powers, privileges or obligations under this Agreement.

• By: /s/ Xxxxxx Xxxxxxxxxxx Name: Xxxxxx Xxxxxxxxxxx Title: General Counsel Number & Type of Subject Bakkt Opco Units: 400,000,000 Class A Voting Units 115,000,000 Class B Voting Units 237,327,456 Class C Voting Units Address for Notices: Intercontinental Exchange Holdings, Inc.

More Definitions of Class B Voting Units

Class B Voting Units has the meaning set forth in the Prior LLC Agreement.

Class B Voting Units. The Members shall have no right to vote on any matter, except as specifically set forth in this Agreement, or as may be required under the TBOC. Any such vote shall be at a meeting of the Members entitled to vote or in writing as provided herein.

Class B Voting Units means the limited liability company interests described in Section 3.1(a)(ii) and having the rights and preferences specified herein. “Class C Common Stock” means the Class C common stock, par value $0.00001 per share of PubCo. “Class C Voting Units” means the limited liability company interests described in Section 3.1(a)(iii) and having the rights and preferences specified herein. “Class D Common Stock” means the Class D common stock, par value $0.00001 per share of PubCo. “Code” means the United States Internal Revenue Code of 1986, as amended. “Commission” means the U.S. Securities and Exchange Commission, including any Governmental Entity succeeding to the functions thereof. “Common Units” shall mean the issued and outstanding Common Unit pursuant to the Pre-IPO Agreement. “Company” has the definition set forth in the Recitals. “Company Minimum Gain” has the meaning ascribed to the term “partnership minimum gain” set forth in Treasury Regulations Sections 1.704-2(b)(2) and 1.704-2(d). “Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. “Credit Agreements” means any promissory note, mortgage, loan agreement, indenture or similar instrument or agreement to which the Company or any of its Subsidiaries is or becomes a borrower, as such instruments or agreements may be amended, restated, supplemented or otherwise modified from time to time and including any one or more refinancing or replacements thereof, in whole or in part, with any other debt facility or debt obligation, for as long as the payee or creditor to whom the Company or any of its Subsidiaries owes such obligation is not an Affiliate of the Company. “Decoupled Unit” has the definition set forth in the Recitals. “Delaware Act” means the Delaware Limited Liability Company Act, 6 Del. C. § 18 101, et seq., as it may be amended from time to time, and any successor to the Delaware Act. “DGCL” means the General Corporation Law of the State of Delaware. “Distribution” means each distribution made by the Company to a Member, whether in cash, property or securities of the Company and whether by liquidating distribution or otherwise;

Class B Voting Units and “Class C Voting Units.” The Members shall have no right to vote on any matter, except as specifically set forth in this Agreement, or as may be required under the Delaware Act. Any such vote shall be at a meeting of the Members entitled to vote or in writing as provided herein. (i)

Class B Voting Units means the limited liability company interests described in Section 2.1(a)(ii) and having the rights, powers and preferences specified herein. “Code” means the Internal Revenue Code of 1986, as amended from time to time.

Class B Voting Units means Class B Voting Units of Dutch Bros OpCo, as defined in the Third LLC Agreement.

Class B Voting Units means the limited liability company interests described in Section 3.1(a)(ii) and having the rights and preferences specified herein. “Class C Common Stock” means the Class C common stock, par value $0.00001 per share of PubCo.