Common Membership Unit definition

Common Membership Unit means a Unit representing, when outstanding, a fractional part of the Interests of all Members holding Common Membership Units, and having the rights and obligations specified with respect to Common Membership Units in this Agreement.
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Common Membership Unit means a common membership unit of the LLC.
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Examples of Common Membership Unit in a sentence

  • The Common Membership Unit Shares may not be transferable under certain state securities laws, which require registration or qualification.

  • In such cases, the subscribers desiring to dispose of shares must deliver to the Company an opinion of counsel satisfactory to the Company to the effect that the proposed disposition of Common Membership Unit Shares shall not violate the registration or qualification requirement of relevant state securities law.

  • The Management Company shall be entitled to receive one Common Membership Unit upon exercise of an Operating Company Option in exchange for the remitted exercise price of the corresponding Class A Option.

  • There can be no assurances that the Company shall be able to affect a public registration of its Common Membership Unit Shares, as its present level of business does not merit public ownership.

  • Accordingly, there is no relationship between the price of the Offering and the assets, earnings or book value of the Company, the market value of the Common Membership Unit (Shares), or any other recognized criteria of value.

  • The Subscription Agreement also provides that a shareholder seeking to sell Common Membership Unit Shares must first offer them to the Company which has the right of first refusal prior to the shares being sold.

  • Instead, it will verify only that the mobility took place (through checks, reviews or audits), as well as the correct application of the amount.The system of unit costs for mobility of personnel was subject to several audits and evaluations in the Euratom Programmes 2014-2018 and 2019-2020.

  • The offering price for the Common Membership Unit (Share) described in this document was determined arbitrarily by the Company based upon a number of factors.

  • As such, the price does not necessarily indicate the current value of the Common Membership Unit (Shares) and should not be regarded as an indication of any future market price of the Company’s Common Membership Unit (Shares).

  • Each Class B Preferred Membership Unit shall be automatically converted into one fully paid and nonassessable Common Membership Unit.

Related to Common Membership Unit

  • Membership Unit means an outstanding common membership unit of the LLC.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Common Member means a Member holding Common Units.

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

  • 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.

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

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

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

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

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

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

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

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • 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.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • 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.

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

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

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.