Either Class definition

Either Class. A Units or Class B Units, at the election of the Managing General Partner, in its sole and absolute discretion, may be issued to newly admitted Partners in exchange for the contribution by such Partners of cash, real estate partnership interests, stock, notes or other assets or consideration; provided, that all Partnership Units issued to Partners in connection with the Consolidation shall be Class A Units; and, provided further, that any Partnership Unit that is not specifically designated by the General Partner as being of a particular class shall be deemed to be a Class A Unit. Each Class B Unit shall be converted automatically into a Class A Unit on the day immediately following the Partnership Record Date for the Distribution Period (as defined in Section 5.1.C) in which such Class B Unit was issued, without the requirement for any action by either the Partnership or the Partner holding the Class B Unit.
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Either Class. A Units or Class B Units, at the election of the General Partner, in its sole and absolute discretion, may be issued to newly admitted Partners in exchange for the contribution by such Partners of cash, real estate partnership interests, stock, notes or other assets or consideration; provided that any Partnership Unit that is not specifically designated by the General Partner as being of a particular class shall be deemed to be a Class A Unit. Each Class B Unit shall be converted automatically into a Class A Unit on the day immediately following the Partnership Record Date for the Distribution Period (as defined in Section 5.1.C) in which such Class B Unit was issued, without the requirement for any action by either the Partnership or the Partner holding the Class B Unit.
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Either Class. A Units or Class B Units, at the election of the General Partner, in its sole and absolute discretion, may be issued to newly admitted Partners in exchange for the contribution by such Partners of cash, real estate partnership interests, stock, notes or other assets or consideration; provided, that all Units issued to Partners on the -------- Closing Date shall be Class A Units; and, provided further, that any Unit that ---------------- is not specifically designated by the General Partner as being of a particular class shall be deemed to be a Class A Unit. Each Class B Unit shall be converted automatically into a Class A Unit on the day immediately following the Partnership Record Date for the Distribution Period (as defined in Section 5.1.C) in which such Class B Unit was issued, without the requirement for any action by either the Partnership or the Partner holding the Class B Unit. Except as otherwise provided in this Agreement, holders of Class A Units and Class B Units shall be entitled to vote the Partnership Interests represented by such units on all matters as to which the vote or consent of the Partners is required.
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Examples of Either Class in a sentence

  • Either Class Counsel or Defendants shall have the right to challenge any Claim Form if they believe it does not represent a valid claim from a Settlement Class Member.

  • Applicable groundwater resource classification: Either Class 2 or Class 3, depending on well yield.

  • Either Class I, II or III granular cradle shall be permitted for embedment.

  • The Legislature was able to continue funding for critical youth programs, including an additional$1.5 million in funding for Youth Development Programs (YDP).

  • Either Class Counsel or Defendants may void this Settlement by providing written notice to counsel for all other Parties to the Settlement within fourteen days (14) days after the event prompting the right to terminate (“Termination Notice”) and subject to other time limits or conditions set forth in this Agreement.

  • Either Class Counsel or Counsel for the Defendant may challenge the reasonableness of the Claims Administrator’s out-of-pocket costs and expenses, in which case the Settlement Administrator will determine the reasonableness of such costs and expenses.

  • Either Class Counsel or Counsel for the Defendant may challenge the reasonableness of the Lien Administrator’s out-of-pocket costs and expenses, in which case the Settlement Administrator will determine the reasonableness of such costs and expenses.

  • Either Class Counsel or Counsel for the Defendant may challenge the reasonableness of the Science Panel’s out-of-pocket costs and expenses, in which case the Settlement Administrator will determine the reasonableness of such costs and expenses.

  • Either Class A addresses with a distinguished (currently unused) network number or Class D addresses (those starting with 111) would be suitable.

  • Either Class Counsel or Railroad may appeal the Special Master's written decision to the District Court, provided that such an appeal is filed within fourteen (14) days of the Special Master's written decision.


More Definitions of Either Class

Either Class. A Units or Class B Units, at the election of the General Partner, in its sole and absolute discretion, may be issued to newly admitted Partners in exchange for the contribution by such Partners of cash, real estate partnership interests, stock, notes or other assets or consideration; provided, that any Partnership Unit that is not specifically designated by the General Partner as being of a particular class shall be deemed to be a Class A Unit. Each Class B Unit shall be converted automatically into a Class A Unit on the day immediately following the Partnership Record Date for the Distribution Period (as defined in Section 5.1.C) in which such Class B Unit was issued, without the requirement for any action by either the Partnership or the Partner holding the Class B Unit. At such time as the Partnership has issued Preferred Units, there shall also be two subclasses of each class or series of Preferred Units designated "Class A Preferred Units" and "Class B Preferred Units" (or such other designation as the General Partner may determine) in order to provide for the respective distributions as between holders of the Units of such class or series of Preferred Units who have held such Units for less than the full Distribution Period relating to such class or series in a manner consistent with the allocation of distributions made pursuant to Section 5.1 hereof among holders of Limited Partner Units that are not Preferred Partnership Units.
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Related to Either Class

  • Class” or “Classes means any class or classes of Shares as may from time to time be issued by the Company;

  • Senior Class means, with respect to the Class B Notes, the Class A Notes.

  • Classes The Offered Certificates shall be issued with the following Class designations, interest rates and principal balances, subject in the aggregate to the variance referred to in Section 1(a)[and, as to any particular Class, to an upward or downward variance of up to [ ]%]: Principal Interest Class Purchase Class Balance Rate Price Percentage ----- ------- ---- ----------------

  • Voting Classes means Classes 4 and 5.

  • Junior Class of Certificates The Class of Subordinate Certificates outstanding as of the date of the repurchase of a Mortgage Loan pursuant to Section 4.07 herein that has the Lowest Priority.

  • Backward Classes means any socially and educationally Backward Classes of citizens recognized by the Government for purpose of clause (4) of article 15 of the Constitution of India;

  • Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.

  • Support Classes As specified in the Preliminary Statement.

  • New Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Companion Class With respect to each Lower Tier Regular Class, any Class of Trust Fund Certificates appearing opposite such Lower Tier Regular Class in the Lower Tier Schedule.

  • Scheduled Classes As specified in the Preliminary Statement.

  • Class when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

  • participating class means a class of shares title to which is permitted by an Operator to be transferred by means of a relevant system;

  • Senior Class Debt has the meaning assigned to such term in Section 8.09.

  • Floating Rate Classes The Classes designated as either “Floating Rate” or “Inverse Floating Rate” in the Prospectus Supplement.

  • Job Classification means an arrangement of tasks in an establishment or industry into a limited series of jobs or occupations, rated in terms of skill, responsibility, experience, training, and similar considerations, usually for wage setting purposes. This term, or job class, refers to a single cluster of jobs of approximately equal “worth.”

  • Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.

  • Class HI M-1 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: M-1 Formula Distribution Amount" and (b) the Unpaid Class HI: M-1 Interest Shortfall, if any.

  • Additional Senior Class Debt has the meaning assigned to such term in Section 5.13.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Restricted Classes As defined in Section 4.02(e).

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

  • Classes of Certificates Each of the Class A and Class B Certificates will consist of one or more classes with the prior consent of Wells Fargo Asset Securities Xxxxoration (the "Seller"), which consent shall not be unreasonably withheld. Aggregate Principal Amount $ ___________(Approximate) of the Offered Certificates: Certificates Not Offered Hereby: The Class B-4, Class B-5 and Class B-6 Certificates (the "Other Certificates").

  • Tranches shall have the meaning ascribed to such term in Section 2.1.

  • Outstanding Voting Securities means the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors.

  • Voting shall have a correlative meaning.