Examples of Classes of Membership in a sentence
Subject to any future issuances of membership interests (See “Securities Being Offered — Issuance of Membership Interests, Creation of New Classes of Membership Interests and Additional Members”), investors in this offering will hold all of the membership interests in the Company, and the Managing Member shall retain a carried interest which entitles it to receive 30% of the distributions, profits and losses of the company, subject to the distributions provisions outlined below.
Member Class Directors will be elected by Members of their respective Classes of Membership.
Main Category Members, Playing Members and Temporary Members will be a Member in one of the Classes of Membership described in Rules 6.2 to 6.4 based on the Age Classification of that Member.
Classes of Membership The Board recommends editorial changes to clarify and update the defined classes of D.C. Bar membership and proposes the addition of a “retired” class to reflect a category of membership that has been established by the Bar.
Classes of Membership: The Society shall consist of Members and Fellows.
NSPS may have such other office or offices, at such suitable place or places within or without the State of Maryland as the Board of Director may from time to time determine as necessary or desirable for the conduct of the affairs of NSPS.ARTICLE II MEMBERSHIP Section 1 Classes of Membership.
Code Section 791.001 (f) requires an annual renewal of this Agreement, the government and public non-profit Members shall be deemed to have elected to renew the Agreement annually on the anniversary date of the Agreement unless the Members decide to terminate the Agreement by not less than an 80% vote of three Classes of Membership, one of which must be the ISD Class of Membership.
Changes in Classes of Membership can only occur annually by Membership vote and Board of Directors approval.
The Class A Members are authorized to cause the Company to issue new Classes of Membership Interests at any time or from time to time to existing Members or to other Persons and to admit such other Persons to the Company as additional Members subject to the terms and conditions of this Agreement.
On December 31, 2017, all Classes of Membership Interests were issued and outstanding.Effective January 1, 2016 Holdings amended the operating agreement of Highwater Marine, LLC such that certain management members were granted Class M units representing a 10 percent interest in Highwater Marine, LLC which were immediately vested.