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.
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.
Class C-2 Units and the Class D Interests shall be evidenced by “Class D Units.”
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.
Class C-2 Units has the meaning given such term in the Company LLC Agreement.
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.