Class C-2 Units definition

Class C-2 Units means a Member’s Class C-2 limited liability company interest in the Company which, except as otherwise provided in this Agreement, represents such Member’s share of Net Profits, Net Losses and other items of Company income, gain, loss or deduction and a Member’s right to receive distributions of the Company’s assets and vote in accordance with the provisions of this Agreement and the Act.
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Class C-2 Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to “Class C-2 Units” in this Agreement.
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Class C-2 Units and the Class D Interests shall be evidenced by “Class D Units.”
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Examples of Class C-2 Units in a sentence

  • In the event of any conversion to Common Units of any Class C Units, Class C-1 Units shall be converted into Voting Common Units, and Class C-2 Units shall be converted into Nonvoting Common Units.

  • The Members acknowledge and agree that for the purposes of determining whether and to what extent each Member is permitted to participate in the Tag-along Sale, (i) Class A-1 Units, Class A-2 Units, Nonvoting Class A-1 Units and Nonvoting Class A-2 Units shall not be considered separate series, (ii) Class C-1 Units and Class C-2 Units shall not be considered separate series, and (iii) Class D-1 Units and Class D-2 Units shall not be considered separate series.

  • The Members acknowledge and agree that for the purposes of determining whether and to what extent each Member is obligated to participate in the Drag- along Sale, (i) Class A-1 Units, Class A-2 Units, Nonvoting Class A-1 Units and Nonvoting Class A-2 Units shall not be considered separate series, (ii) Class C-1 Units and Class C-2 Units shall not be considered separate series, and (iii) Class D-1 Units and Class D-2 Units shall not be considered separate series.


More Definitions of Class C-2 Units

Class C-2 Units has the meaning set forth in Section 3.4(a) and further means those Units designated as “Class C-2 Units” on issuance by the Company, which shall be specifically designated at the time of such issuance as being a “profits interest” for federal income tax purposes. Except as otherwise required by applicable Law or this Agreement, the Class C-2 Units shall have no voting or approval rights.
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Class C-2 Units has the meaning given such term in the Company LLC Agreement.
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Class C-2 Units means the limited liability company interests that constitute Class C Interests (as defined in the Company LLC Agreement) designated as Class C-2 Units issued by the Company from time to time.
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Related to Class C-2 Units

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

  • 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 C Units shall have the meaning set forth in the preface.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Common Units is defined in the Partnership Agreement.

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