Class C-1 Member definition

Class C-1 Member means a Member holding Class C-1 Units.

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Class C-1 Member means any Member holding Class C-1 Units as set forth on the Member Schedule.

Class C-1 Member means a member holding a Class C-1 Interest.

Examples of Class C-1 Member in a sentence

All Class C-1 Units and Class C-2 Units shall on issuance be fully vested and not subject to forfeiture or repurchase or redemption pursuant to this Section 6.7 by the Company without the prior written consent of the applicable Class C-1 Member or Class C-2 Member.
Notwithstanding anything to the contrary in this Agreement, no Class B Member, Class C-1 Member or Class C-2 Member may participate in any distributions pursuant to Section 5.2 or otherwise with respect to any Class B Unit, Class C-1 Unit or Class C-2 Unit held by such Member until the Hurdle Amount listed on the Award Agreement or Member Schedule for such Member’s Class B Unit, Class C-1 Unit or Class C-2 Unit has been achieved.
Any amounts not distributed to a Class C1 Member as a result of the last clause of the previous sentence shall be shared among the holders of the Class A Interests and Class C1 Interests that have met the applicable Class C Threshold Value.

Class C-1 Member means a Member owning Class C-1 Units, as set forth in Exhibit A, in its capacity as such.