Class C Membership Units definition

Class C Membership Units refers to any units of Class C Interests issued in the future, with the Percentage Interests, Financial Rights and Membership Rights which form a part of the Class C Membership Unit to be determined by Manager if and when any such Class C Interests are established or issued. As of the Effective Date, no Class C Membership Units have been established or issued.
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Class C Membership Units or “Class C Units” shall be identical to Class A Membership Units except as otherwise expressly provided in this Agreement.
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Examples of Class C Membership Units in a sentence

  • Each subscriber to Class C Membership Units under this Section 3.1.3 may be admitted by the Manager on behalf of all Members as a Class C Member, provided that such subscriber or assignee, as applicable, shall in writing have accepted and adopted all of the terms and provisions of this Agreement.

  • Notwithstanding the foregoing, Class C Membership Units may be held in fractional numbers equal to one half Unit.

  • From and after the date hereof, the Manager, on behalf of the Company, may in the Manager’s sole discretion, from time to time, accept subscriptions for Class C Membership Units, in each case by execution and delivery of a Subscription Agreement and such other agreements and documents as the Manager may deem necessary and appropriate.

  • All rights related to Class C Membership Units will terminate automatically upon such cancellation or conversion and rights related to such converted Class A Membership Units will remain.

  • For the avoidance of doubt, the Class C Member’s Capital Account does not change as a result of the conversion of the Class C Membership Units.

  • All outstanding Class C Membership Units that are not Voting Class C Units on the Class C Conversion Date shall then be cancelled.

Related to Class C Membership Units

  • Membership Units means membership interests in the Company.

  • Class B Units means the Class B Units of the Company.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Units means the Company's Class A Common Units.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Class B Interests As set forth in the Trust Agreement.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Class C Units means the Class C Units of the Company.