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.
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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.
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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.
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Examples of Class B Voting Units in a sentence

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

  • The 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 5.3, designation of an additional Managing Member or substitute Managing Member pursuant to Section 10.3, or as otherwise required by law and shall not be entitled to any rights, privileges or obligations under this Agreement.

  • No Person may be admitted to the Company as an additional Managing Member or substitute Managing Member without the prior approval of the Members holding a majority of then-outstanding votes of Class B Voting Units and Class C Voting Units, voting together as a single class.

  • Simultaneously with contributions by former holders of PI Units, the Founder Members will contribute all of their Class B Voting Units to PubCo in exchange for an equal number of shares of Class B Common Stock, and the TSG Members will contribute all of their Class C Voting Units to PubCo in exchange for an equal number of shares of Class C Common Stock.

  • Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Common Units, Class B Voting Units, Class C Voting Units, and Units of any other class or series that may be established in accordance with this Agreement.

  • The Managing Member shall be designated or may be removed by the Members holding a majority of then-outstanding votes of Class B Voting Units and Class C Voting Units, voting together as a single class.

  • 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.

  • Except as may otherwise be provided herein to the contrary, any matter subject to the consent, approval or direction of the Members hereunder or under the TBOC, shall require the agreement or approval of the holders of a majority of the Class B Voting Units.

  • No Person may be admitted to the Company as an additional Managing Member or substitute Managing Member without the prior approval of the holders of Class B Voting Units.

  • No Person may be admitted to the Company as an additional Managing Member or substitute Managing Member without the prior approval of the majority of the holders of Class B Voting Units.


More Definitions of Class B Voting Units

Class B Voting Units has the meaning set forth in the Prior LLC Agreement.
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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.
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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.
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Class B Voting Units means Class B Voting Units of Dutch Bros OpCo, as defined in the Third LLC Agreement.
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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;
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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.
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Related to Class B Voting Units

  • Special Voting Units means, collectively, special voting units of the REIT, and “Special Voting Unit” means any one of them.

  • Voting Units means collectively the Units and Special Voting Units.

  • Special Voting Unit means a special voting unit of the REIT;

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

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

  • Non-Voting Shares means a particular Class of Shares that do not carry the right to notice of or to attend or vote at general meetings of the ICAV or the relevant Fund.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

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

  • Class I Shares means Class I Shares in the Company as set forth in the relevant

  • Class C Shares means shares of the Class C Common Stock.

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

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

  • Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

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

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Special Voting Share means the one share of Series B special voting preference stock with no par value, issued by US Gold to and deposited with the Trustee, which entitles the holder of record to a number of votes at meetings of holders of shares of US Gold Common Stock equal to the number of Exchangeable Shares outstanding from time to time that are held by Beneficiaries.

  • Non-Voting Common Stock means the non-voting common stock, par value $0.01 per share, of the Company.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

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

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • 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.

  • Subordinate Voting Shares means subordinate voting shares in the capital of the Company.

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

  • Aggregate Voting Interests The aggregate of the Voting Interests of all the Certificates under this Agreement.