Examples of Class C Interests in a sentence
The capital of the Company shall be divided into Interests which shall constitute limited liability company interests under the Act and shall be divided into three classes: the Class A Interests, the Class B Interests, and the Class C Interests.
All holders of Class A Interests, Class B Interests and Class C Interests shall vote together as a single class.
Upon a forfeiture of any Class C Interests, the Company will not be obligated to pay such holder any consideration whatsoever for the forfeited Class C Interests.
The Class C Interests are nontransferable and are subject to the forfeiture conditions set forth below (the “Restrictions”), which Restrictions have lapsed or shall lapse pursuant to the terms described in Section 3.8(c) below.
On receipt of Capital Contributions pursuant to each Capital Call, the General Partner shall cause the Partnership to issue to each Limited Partner making such Capital Contribution that number of Class A Interests, Class B Interests and Class C Interests as determined pursuant to Section 3.1 by dividing such Limited Partner’s Capital Contribution by the Partnership Interest Price as of the date of receipt of such Capital Contribution.