Class I Member definition

Class I Member means any Person admitted as an additional member of the Company holding Class I Shares or a substitute member of the Company holding Class I Shares pursuant to the provisions of this Agreement, in each case in its capacity as a member of the Company holding Class I Shares and for so long as such Person continues to hold Class I Shares.
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Class I Member means the Class I Members of Borrower pursuant to the Operating Agreement and as otherwise described in “Change of Control”, each a “Member”.
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Class I Member has the meaning set forth in Section 5.1.
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Examples of Class I Member in a sentence

  • Simultaneously with any such conversion, the applicable Class R Member will automatically and without any action on the part of such Class R Member or any other Person be admitted to the Company as a Class I Member and shall cease to be a Class R Member.

  • Simultaneously with any such conversion, the applicable Class R-I Member will automatically and without any action on the part of such Class R-I Member or any other Person be admitted to the Company as a Class I Member and shall cease to be a Class R-I Member.

  • Each Class I Election Notice may include a statement of the maximum number of Offered Class I Units that such Other Class I Member is willing to purchase and must include an offer to acquire the same percentage of each class or series of Membership Interests included in the Offered Class I Units.

  • Any Class H Member or a Class I Member who has been admitted to membership as a consequence of his or her election as a director of the Corporation shall automatically cease to be a Member upon his or her ceasing to be a director.

  • Such deemed offer and acceptance procedures described in the immediately preceding sentence shall be deemed to be repeated until either (x) all of the Offered Class I Units are accepted by the Other Class I Members or (y) no Other Class I Member desires to subscribe for more Offered Class I Units.

  • If not already a Member of the Corporation, each director shall apply to become a Class H Member or a Class I Member (as applicable) within ten (10) days of his or her election as a director.

  • Following the payment of the Class I Member revenue share, the remaining net profits or losses of the strategy are divided amongst the Class A, B, C, and D-1 members with 49.37% of the remaining net profits allocated to the Class D-1 Member and the balance allocated to Class A, Class B, and Class C Members in proportion to their agreed upon ownership percentages.

  • Each Class I Member shall have the right to appoint an alternate to serve as Director in his or her stead in accordance with Section 703(d) of the N-PCL.

  • They shall have the right to vote for the election of directors, changes in the Constitution, and the disposition of the assets in any dissolution of the Associations.Each organization, agency, company, or other entity which is a Class I Member shall designate in writing to the Association Secretary its representative (herein known as a Designated Representative) who shall serve until the organization designates a successor.

  • Motion to receive and file letter from the Mayor appointing Commissioner Hewitt as her designee to serve as Class I Member of the Planning Board until December 31,2023.


More Definitions of Class I Member

Class I Member means Maple Leaf Sports & Entertainment, Ltd., an Ontario corporation, in its capacity as a Class I Member, as set forth on Exhibit A, which shall be updated from time to time.
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Class I Member. Except as provided in Section 4.7(c), the Class I Member shall not be required to make any additional contribution to the capital of the Company after October 31, 1999."
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Related to Class I Member

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

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Class B Members means the Members holding Class B Units.

  • Class A Members means those Members who have purchased Class A Interests.

  • Preferred Member means a Member holding Preferred Units.

  • Common Member means a Member holding Common Units.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • 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 R-I Interest The uncertificated Residual Interest in REMIC I.

  • 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 Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class I X" on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class B operator means the individual who has day-to-day responsibility for implementing applicable regulatory requirements established by the department. The Class B operator typically implements in-field aspects of operation, maintenance, and associated record keeping for the UST systems.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class I area means a mandatory visibility protection area designated pursuant to section 169A of the federal Clean Air Act.

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

  • 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 B Interest Each of the Class B-1 and Class B-2 Interests.