Initial Class A Member definition

Initial Class A Member means NRG Yield DGPV Holding LLC, a Delaware limited liability company.
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Initial Class A Member means Qwest Communications International Inc., a Delaware corporation.
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Initial Class A Member means is defined in the introductory paragraph.
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Examples of Initial Class A Member in a sentence

  • The Initial Class A Member is hereby admitted as a Class A Member of the Company and the Initial Class B Member is hereby admitted as a Class B Member.

  • The Company now desires to admit the Initial Class A Member as a member of the Company.

  • The Managing Member is hereby authorized and directed to execute and deliver a separate Certificate of Interest in the name of each Initial Class A Member representing its Class A Member Interest, and upon such execution and delivery, such Class A Member Interest shall be duly authorized and validly issued.

  • WESTERN GAS RESOURCES, INC., as an Initial Class A Member and a Withdrawing Class A Member By: Name: Xxxxxx X.

  • Issue any of its equity interests, or grant an ---------------- option or rights to subscribe for, purchase or acquire any of its equity interests to any person, except the Company may concurrently with the exercise of the Option, issue the Initial Class A Member Option in form and substance reasonably satisfactory to the Holder.

  • Originally, such “Milestones” were those attached to the Operating Agreement as in effect on the date of the grant of the Initial Class A Member Options.

  • If at any time the Initial Class A Member makes a determination to sell any the Initial Class A Member's Units, it shall submit to the Initial Class B Member a written offer (an "Offer") with respect to such Transfer specifying the price and the other material terms and conditions, including deferred payment mechanics (if applicable) pursuant to which the Initial Class A Member proposes to sell the Initial Class A Member's Units.

  • If either the Initial Class A Member or the Initial Class B Member elects to exercise any right pursuant to Section 13.6(a), through (f), such party (the "Exercising Party") shall provide to the other a written notification of such exercise (any such notification, a "Put/Call Notice") prior to the expiration of the period of time during which such right may be exercised.

  • Simultaneous with the execution of this Agreement, the Initial Class A Member and the Initial Class B Member shall be admitted as members of the Company and the Initial Class B Member shall be admitted as the manager (within the meaning of the Act) of the Company.

  • The name and address of each Initial Class A Member and the Capital Account balance of each such Class A Member on and as of the date hereof shall be as set forth in Schedule 3.2 hereto.


More Definitions of Initial Class A Member

Initial Class A Member means the Class A Member listed as the initial Class A Member of the Company on Exhibit A.
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Initial Class A Member means the Class A Noteholder, following Conversion of the Class A Note into Class A Units.
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Initial Class A Member means the those parties to this Agreement.
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Initial Class A Member or “Withdrawing Class A Member” means Western Gas Resources, Inc.
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Related to Initial Class A Member

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Class A Members means those Members who have purchased Class A Interests.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Initial Class C Note Balance means $152,941,000.

  • Founding Member means any individual who is either:

  • Initial Class D Note Balance means $126,080,000.

  • Initial Class B Note Balance means $163,150,000.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

  • Initial Class A-2 Note Balance means $235,000,000.

  • Common Member means a Member holding Common Units.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

  • Initial Capital Contribution has the meaning set forth in Section 4.1.