Class C Interests definition

Class C Interests means the Class C member interests in the General Partner.

Class C Interests or “Class C” shall mean a Member’s Capital Interests as further described in Section 2.2(c) (“Class C Interest”).

Class C Interests refers to the membership interests of the Class C Members in the Company, including all Percentage Interests, Financial Rights and Membership Rights applicable thereto, if any.

Examples of Class C Interests in a sentence

• Following issuance of any Class C Interests, the Board shall cause Exhibit 1 hereto to be updated to provide a list of the Class C Members, the Class C Interests and the respective Class C1 Pro Rata Shares or Class C2 Pro Rata Shares corresponding to such Class C Interests.

• Subject to the terms of this Agreement (including Section 3.2(c)(i)), Class C Interests may be allocated and issued from time to time as determined by the Board.

• For the purposes of clarity, other than as provided in this Section 3.4(b) (i.e., pursuant to a non-waivable provision of Applicable Law (if any)) and Section 19.1, holders of Class B Interests do not have any voting rights with respect to such Class B Interests and holders of Class C Interests do not have any voting rights with respect to such Class C Interests.

More Definitions of Class C Interests

Class C Interests means fractional undivided interests in the Trust which shall consist of the right to receive, to the extent necessary to make the required payments to the

Class C Interests means, on any date of determination, a fractional undivided interest in the Trust which shall consist of the right to receive, to the extent necessary to make the required payments to the Class C Interest Holders under this Series Supplement and the Class C Supplemental Agreement, the portion of Collections allocable thereto under the Agreement and this Series Supplement, funds on deposit in the Collection Account allocable thereto pursuant to the Agreement and this Series Supplement, funds on deposit in the Reserve Account, the Principal Funding Account or any other Series Account (and any investment earnings thereon, net of investment expenses and losses, if and to the extent specifically provided herein) allocable thereto pursuant to the Agreement and this Series Supplement and funds on deposit in the Spread Account available pursuant to the Class C Supplemental Agreement.

Class C Interests shall have the meaning ascribed thereto in Section 2.4(a) hereof.

Class C Interests has the meaning set forth in Section 2.1(d).

Class C Interests means that portion of the Interests that immediately after Closing will represent the non-economic interests of Manager in the Target, and the rights and obligations of which are set forth in the Fourth Amended and Restated Target Operating Agreement, which is attached as Exhibit C, that will be executed at Closing.

Class C Interests shall have the meaning set forth in Section 3.1(a).

Class C Interests were held by the Managing Member (in its capacity as “Managing Member” of BRH II Predecessor);