Class C Membership Interests means 100,000 Class C membership interests of the Company, representing 100% of the Company’s authorized and outstanding Class C membership interests, all of which are owned by PBGC as of the date of this Agreement.
Class C Membership Interests shall have the definition set forth in the Amended LLC Agreement.
Class C Membership Interests. Except as expressly provided in this Agreement to the contrary, (i) any reference to "Membership Interests" shall include the Class A Membership Interests, Class B Membership Interests and Class C Membership Interests and (ii) any reference to "Members" shall include the Class A Members, the Class B Members and the Class C Members.
Examples of Class C Membership Interests in a sentence
The Company has authorized for issuance a single series of Class C Membership Interests consisting of 4,799 Class C series C-1 Membership Interests (the “Class C-1 Membership Interests”).
The Company shall initially issue a single series of Class C Membership Interests consisting of 3,703 Class C series C-1 Membership Interests (the “Class C-1 Membership Interests”).
The Class C Membership Interests may subject to further restrictions on transfer pursuant to a Class C Award Repurchase by the Company.
In the event that the Company is converted to a corporation, including, without limitation, upon an Initial Public Offering, (i) first, all outstanding Class B Membership Interests and Class C Membership Interests shall be converted into Class A Membership Interests at Fair Value of such outstanding Class B Membership Interests and Class C Membership Interests, and (ii) after such conversion, all Class A Membership Interests owned by a holder shall be exchanged by the Company for shares of common stock.
The purchase price for such Class B Membership Interests or Class C Membership Interests, as the case may be, whether upon a Class B Change of Control or a termination of employment, will be their Fair Value.
More Definitions of Class C Membership Interests
Class C Membership Interests has the meaning set forth in the Third Amended and Restated Operating Agreement.
Class C Membership Interests has the meaning ascribed to such term in the Pine Brooke Holdings Amended and Restated LLC Agreement.
Class C Membership Interests means the Membership Interests of the Class C Members.
Class C Membership Interests. Exhibit A reflects the Members’ ownership of the Class A Membership Interests, Class B Membership Interests and Class C Membership Interests as of the Effective Time. Effective as of the Effective Time, (i) the initial membership interest in the Company held by LRM as the initial sole member prior to the Effective Time shall be converted into a 100% Class A Membership Interest and LRM shall continue as the sole Class A Member of the Company, (ii) each of LRR-A, LRR-B and LRR-C shall be issued the percentage ownership interest of the Class B Membership Interests set forth on Exhibit A and each shall be admitted as a Class B Member of the Company, and (iii) each of LRR II-A and LRR II-C shall be issued the percentage ownership interest of the Class C Membership Interests set forth on Exhibit A and each shall be admitted as a Class C Member of the Company.
Class C Membership Interests means membership interests owned by a direct or indirect wholly owned subsidiary of Sunrun the rights of which limited membership interests are limited to distributions of proceeds of sales of ITCs under Tax Credit Sale Contracts, no more than 1% of other distributable cash, rights to enforce Tax Credit Sale Contracts on behalf of the related Tax Equity Opco and other ancillary rights related thereto, including the right to consent to amendments to the Tax Equity Opco LLC Agreement. [***] = Certain information contained in this document, marked by brackets, has been omitted because it is both not material and would be competitively harmful if publicly disclosed.
Class C Membership Interests means the Members and Membership Interests of the party or parties listed as Class C Members on the attached Exhibit A.
Class C Membership Interests means membership interests owned by a direct or indirect wholly owned subsidiary of Sunrun the rights of which limited membership interests are limited to distributions of proceeds of sales of ITCs under Tax Credit Sale Contracts, no more than 1% of other distributable cash, rights to enforce Tax Credit Sale Contracts on behalf of the related Tax Equity Opco and other ancillary rights related thereto, including the right to consent to amendments to the Tax Equity Opco LLC Agreement. “Collateral” means (i) all assets of the Borrower, including, the Equity Interests of each Borrower Subsidiary, (ii) all assets of each Borrower Subsidiary, including the Equity Interests of each Tax Equity Opco owned or acquired by a Borrower Subsidiary and all assets of each Wholly- Owned Subsidiary (including a Tax Equity Opco that becomes a Wholly-Owned Subsidiary upon the exercise of the related Purchase Option or Withdrawal Option or, in the case of an Inverted Lease, the termination of the related Master Lease Agreement under the terms of a Tax Equity Opco LLC Agreement or Master Lease Agreement), (iii) the Equity Interests of the Borrower owned by the Depositor, (iv) the Paying Agent Accounts and Wholly-Owned Subsidiary Operating Accounts, and (v) any and all property now owned or hereafter acquired upon which a Lien is or is purported to be created by any Collateral Document, in each case, except for assets or property constituting Excluded Collateral. “Collateral Agent” has the meaning set forth in the Preamble. “Collateral Agent Fee” means, for each Payment Date (in accordance with and subject to Section 2.7(B)), a fee paid to the Collateral Agent as part of the Paying Agent Fee. “Collateral Documents” means the Guaranty, Pledge and Security Agreement, the Depositor Pledge Agreement, each Account Control Agreement, each consent, each control agreement and any other security documents, financing statements and other documentation filed or recorded in connection with the foregoing. “Collection Period” means, with respect to a Payment Date, the calendar quarter ending on the last day of the month preceding the month in which such Payment Date occurs; provided that with respect to the first Payment Date, the Collection Period will be the period from and including the Closing Date to the end of the month preceding the month in which such Payment Date occurs. “Collections” means: (i) with respect to any Solar Asset owned by a Wholly-Owned Subsidiary, all Host Customer Paym...