Initial Class B Holders definition

Initial Class B Holders means Xxxxx X. Xxxxx, Xxxxxxx X. Xxxxxx, Xxxxx Xxxxx and Xxxxx Xxxxx-Xxxx.
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Initial Class B Holders means GM Holdco or any Person holding Class B Membership Interests held by GM Holdco on November 30, 2006 that were Transferred to such Person either (i) in one or more Transfers occurring after November 30, 2006, all of which Transfers constituted Exempt Transfers, or (ii) in one or a series of related Transfers resulting in such Person holding at least seventy percent (70%) of such Class B Membership Interests (any such Person acquiring Class B Membership Interests pursuant to clause (ii) above, a “GM Control Assignee”).
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Initial Class B Holders means the Sellers.
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Examples of Initial Class B Holders in a sentence

  • Furthermore, upon an otherwise permitted sale or transfer of any shares of Class B Non-Voting Common Stock by an Initial Class B Holder to any Person that is not (and as a result of any such conversion would not become) an Affiliate of the Initial Class B Holders, each such share of Class B Non-Voting Common Stock so sold or transferred shall convert automatically into one share of Class A Common Stock.


More Definitions of Initial Class B Holders

Initial Class B Holders means, collectively (but without duplication), MDCP IV and New Astoria.
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Initial Class B Holders means GM Holdco or any Person holding Class B Membership Interests held by GM Holdco on November 30, 2006 that were Transferred to such Person (i) in one or more Transfers occurring after November 30, 2006, all of which Transfers constituted Exempt Transfers, (ii) in one or a series of related Transfers resulting in such Person holding at least seventy percent (70%) of such Class B Membership Interests or (iii) in one or a series of related Transfers effected by GM Holdco or any such Person in connection with GM Holdco’s or such Person’s compliance with the U.S. Bank Holding Company Act of 1956.
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Initial Class B Holders means Scott W. Xxxxx, Xxxxxxd X. Xxxxxx, Xxxxx Pexxx xxx Xxxty Avxxx-Xxxx.
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Related to Initial Class B Holders

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Unit Holders means all Unit Holders.

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

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

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

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

  • Initial Class D Note Balance means $13,564,000.

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

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

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

  • Initial Holders has the meaning set forth in the preamble.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Preferred Holders means the record owners of outstanding Preferred Securities.

  • 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.

  • Equity Holders means the Stockholders and the Option Holders.

  • 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.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Initial Class A-4 Note Balance means $115,000,000.

  • Initial Certificate Balance means $[ ].

  • Initial Class A-3 Note Balance means $380,000,000.

  • Initial Noteholders shall have the meaning assigned to such term in the recitals.

  • Initial Note A-7 Holder shall have the meaning assigned to such term in the preamble to this Agreement.