Class C Membership Interest definition

Class C Membership Interest means a Class C Membership Interest in Holdings.

Class C Membership Interest means a Membership Interest, issued in one or more series, having the rights and obligations specified with respect to Class C Membership Interests in this Agreement. Each series of Class C Membership Interests shall be consecutively numbered, commencing with the Class C-1 Membership Interests authorized under this Agreement.

Class C Membership Interest refers to the interest held by the Class C Members as defined in the Genesis Charter Documents.

Examples of Class C Membership Interest in a sentence

• A Class C Membership Interest may be subject to repurchase by the Company as set forth in a Class C Award Agreement.

• Pursuant to Article 4 of the Operating Agreement, the Contributor hereby consents to the “Disposition” (as defined in the Operating Agreement) of the Class A Membership Interest and the Class C Membership Interest in the Company to the Acquirer pursuant to separate agreements.

• Except for the Class A Membership Interest in the Company held by Summit Hotel Properties, LLC and the Class C Membership Interest in the Company held by Xxxx Xxxxxxxxxx, the Contributed Assets constitute all of the issued and outstanding membership interests of the Company.

• For the avoidance of doubt, if any Class C Units are forfeited or repurchased by the Company, the Board may re-issue such forfeited or repurchased Class C Units to other employees and service providers (including to current Class C Membership Interest holders).

• The holders of each class of Class A and Class B Membership Interests shall each select and nominate one Director of the corresponding class and the holders of the Class C Membership Interest shall select and nominate two Directors.

More Definitions of Class C Membership Interest

Class C Membership Interest is defined in Section 3.1.

Class C Membership Interest. Any Membership Interest classified as such pursuant to the provisions of this Agreement.

Class C Membership Interest. The Membership Interest held by a Class C Member.

Class C Membership Interest shall have the meaning ascribed to it in the LLC Agreement.

Class C Membership Interest has the meaning set forth in the Second Amended and Restated GulfTerra GP LLC Agreement.

Class C Membership Interest as defined in the GMAC LLC Agreement, as in effect on the date hereof.

Class C Membership Interest means each beneficial interest in an LLC formed pursuant to Section 2.02 hereof designated as a Class C Membership Interest on Schedule I attached to the related Limited Liability Company Agreement.