Common Members definition

Common Members means those persons listed on Schedule A hereto as Common Members.

Common Members means Members holding and to the extent they hold Common Units.

Common Members means the Members that hold Common Shares, and shall only refer to the Common Shares (and not any Preferred Shares) held by such Members.

Examples of Common Members in a sentence

• Second, one-hundred percent (100%) to the payment of Fund expenses; and Thereafter, one-hundred percent (100%) to the Common Members, which amounts shall be distributed among the Common Members pro rata based on their respective Unreturned Contributions or, if the Unreturned Contributions of the Common Members equal zero, pro rata based on the respective Commitments of such Common Members in their capacities as Preferred Members with respect to Preferred Membership Interest.

• Each of the Persons appointed to the Board of Managers is referred to herein as a “Manager.” The Managers shall be designated solely by a Majority in Interest of the Common Members.

• All Common Members shall be entitled to one vote for each Common Unit held by such Common Member.

• Accordingly, the proposed Amended Plan promotes efficiency by reducing costs to Common Members.

• A regular meeting of the Board of Directors and any committee thereof shall be held without any other notice than this Agreement, immediately after, and at the same place (if any) as, each annual meeting of Common Members.

More Definitions of Common Members

Common Members means the Class A Common Members and the Class B Common Members.

Common Members means Members holding Common Shares with respect to such ownership of Common Shares.

Common Members means, collectively, (i) the Initial Common Members, (ii) each Person who hereafter is admitted as a member of the Company in such Person’s capacity as a holder of Common Units pursuant to, and in accordance with, the applicable provisions of this Agreement, (iii) each Series A Member whose Series A Preferred Units are automatically converted into Common Units pursuant to Section 4.11 hereof and (iv) each Series B Member whose Series B Preferred Units are automatically converted into Common Units pursuant to Section 4.11 hereof. The term “Common Member” shall mean any of the Common Members. Notwithstanding the foregoing, a Person that is a Common Member shall cease to be a Common Member upon the earlier of (x) the effective date of such Person’s Withdrawal and (y) the first date on which such Person ceases to own any Common Units, in which case the terms Common Members and Common Member shall no longer include such Person. A Person that is both a Common Member, Series A Member and/or a Series B Member and that ceases to be a Member of any such class or series shall continue to be a Member of such other class or series, as applicable.

Common Members means the holders of Common Units as set forth on Exhibit A.

Common Members shall have the meaning specified in the introductory paragraph to this Agreement.

Common Members means Members holding Common Units, their permitted successors and assigns and any other Person who may be admitted to the LLC as a Common Member in accordance with the terms of this Agreement.

Common Members. The Managing Member together with all such other Persons who are admitted as members of the Company in accordance with the terms of this Agreement and classified as “common members.” Company: Concord Debt Holdings LLC Company Interest. The ownership interest of any Member in the Company, including, without limitation, all rights to receive distributions and allocations of Profit and Loss.