Common Membership Units definition

Common Membership Units means the common membership units in the capital of High Street outstanding from time to time, other than common membership units held by Acreage Holdings America, Inc. and USCo2.

Common Membership Units means the common membership units of High Street outstanding from time to time, other than common membership units held by Acreage America and USCo2.

Common Membership Units means a Membership Unit that entitles the holder of such Membership Unit to the rights and interests as described in this Agreement.

Examples of Common Membership Units in a sentence

• The Common Membership Units shall consist of equal units (and may be issued in fractional units).

• The presence of the holders of a majority of all the Common Membership Units then outstanding and entitled to vote thereat, whether in person or represented by a valid written proxy, shall constitute a quorum at all meetings of the Members for the transaction of business.

• Prompt notice of the taking of the action without a meeting by less than unanimous written consent shall be given to those Members who are holders of Common Membership Units and who have not consented in writing; provided that the failure to give any such notice shall not affect the validity of the action taken by such written consent.

• The terms provided herein with respect to Company Shares shall apply in all respects to the holders of Common Membership Units and USCo2 Class B Shares except that the Purchaser Call Option may not be exercised before three years after the Acquisition Date with respect to these holders.

• Each of the Exchanging Member, the Company and New Mountain Finance shall, for U.S. federal, state and local income tax purposes, treat the exchange as a taxable sale of the Exchanging Member’s Common Membership Units to New Mountain Finance, except as otherwise required pursuant to a “determination” within the meaning of Section 1313 of the Code.

More Definitions of Common Membership Units

Common Membership Units means the limited liability company common membership units of CPE LLC as described in the LLC Agreement.

Common Membership Units has the meaning set forth in the Operating Agreement.

Common Membership Units means the common membership units of the Company.

Common Membership Units means the common membership units in the capital of High Street ‎‎outstanding from time to time, other than common membership units held by USCo and ‎USCo2. ‎

Common Membership Units has the meaning set forth in Section 3.01(a).

Common Membership Units means the Common Membership Units of Licensee, having the rights, preferences, and privileges, and subject to the restrictions and limitations, set forth in Licensee’s Operating Agreement.

Common Membership Units means, for each Common Member, the number of Common Membership Units set forth on Schedule B opposite such Member's name, as such schedule may be amended from time to time, and having the rights and powers set forth on Schedule C hereto, as such schedule may be amended from time to time.