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

  • 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 and (ii) Class C-1 Units and Class C-2 Units shall not be considered separate series.

  • 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 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, and (ii) Class C-1 Units and Class C-2 Units, as applicable, shall not be considered separate series.

  • Except as set forth in Section 6.1(b), Class B Units, Class C-1 Units and Class C-2 Units held by a Member may not be Transferred or otherwise disposed of in any way (whether by operation of Law or otherwise).

  • In the event such Member fails to make such payment in a timely manner, the Company may deduct from all distributions made to such Member under this Agreement by the Company or any Affiliate thereof, any federal, state, or local taxes required by Law to be withheld with respect to any such Class B Units, Class C-1 Units or Class C-2 Units.

  • The Company intends for the Class B Units, the Class C-1 Units and the Class C-2 Units to be treated as a “profits interest” for U.S. federal income tax purposes within the meaning of Rev.

  • Notwithstanding anything in this Agreement to the contrary, the written consent of the holders of a majority of the Class C-1 Units or Class C-2 Units shall be required for the Board to increase the number of authorized Class C-1 Units or Class C-2 Units, respectively.

  • Class C2 Units are available to Debt Investors who make a minimum Capital Contribution of five hundred thousand ($500,000) dollars.Services Performed by, and Compensation Paid to AffiliatesThe Manager and its Affiliates will be engaged by the Company to perform various services for day-to-day management of the Company including the identification of Borrowers, investment of its assets, and any other actions in furtherance of the Investment Activities.

  • 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.

  • Except as otherwise required by applicable Law or in this Agreement in Section 3.4(d) or Section 11.2 or as otherwise expressly stated herein, the Class B Units, Class C-1 Units and Class C-2 Units shall have no voting or approval rights under this Agreement.


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 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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Class C-2 Units has the meaning given such term in the Company LLC Agreement.
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Related to Class C-2 Units

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

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

  • 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 LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

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

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

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

  • Class B Interests As set forth in the Trust Agreement.

  • 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.

  • 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.

  • Class D Common Stock means the Class D Common Stock, par value $0.01 per share, of the Company.

  • Common Units is defined in the Partnership Agreement.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

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

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

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

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Class C Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class C Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

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