NEP Class B Parties definition

NEP Class B Parties means, as of any date, such of the NEP Member and its Affiliates and Permitted Assignees as hold Class B Units on such date (and each, individually, a “NEP Class B Party”).

NEP Class B Parties means, as of any date, such of the NEP CEPF Member and its Permitted Assignees (including any of its Affiliates (other than the XXXX Member)) that hold Class B Units on such date (and each, individually, a “NEP Class B Party”). 897613.05-WILSR01A - MSW NEP Excluded Party means, with respect to NEP CEPF Member and its Affiliates, (a) any Person listed on Schedule 1.B hereto, and (b) any Sanctioned Person. NEP Renewables Holdings III has the meaning assigned that term in the preamble. NEP Renewables III has the meaning assigned that term in the preamble. NEP SellCo has the meaning assigned that term in the preamble. NEP SellCo Distribution has the meaning assigned that term in Section 4.03(b).

Examples of NEP Class B Parties in a sentence

• Notwithstanding any other provision of this Agreement, NEP Class B Parties shall have no right to vote any Class B Units held by them on any matter.

• Subject to Section 7.08(d), if, on any Distribution Date, NEP Class B Parties hold Class B Units, each such Person shall be entitled to receive its proportionate share of all distributions made to holders of Class B Units pursuant to this Section 5.01 in accordance with its Class B Percentage Interest in effect as of such Distribution Date.

• Other Class B Party means, as of any date, any holder of Class B Units on such date other than the NEP Class B Other Class B Party Percentage means, as of any date, the percentage determined by dividing the number of Class BUnits held by any individual Other Class B Party on such date by the total number of Class B Units held by all NEP Class B Parties and all Other Class B Parties as of such date.

• No Class B Unit acquired by NEP Member (or its assignee) pursuant to this Section 7.01(c) shall be subject to the limitation on amounts distributable to NEP Class B Parties pursuant to Section 7.08(d), and each such Class B Unit shall be eligible to receive distributions pursuant to Section 5.01(d) in accordance with Section 7.08(d), without regard to such limitation.

• No Class B Unit Disposed of by Investor to a purchaser pursuant to this Section 7.01(d) shall following such Disposition be entitled to receive a pro rata share of a portion of the distributions that otherwise would be paid to the NEP Class B Parties that the Other Class B Parties are entitled to receive as provided for in the proviso in Section 7.08(d).

• Notwithstanding any other provision of this Article 7, any Disposition of Class B Units by or with respect to any Class B Member or other direct or indirect holder of Class B Units (other than NEP Class B Parties) may be effected only if such Class B Member or other holder of Class B Units Disposes of Class B Units constituting a Proportionate Class B Allocation of such Class B Member’s or other holder’s Class B Units in accordance with the other requirements of this Section 7.01.

• No Class B Unit acquired by NEP Member (or its assignee) pursuant to this Section 7.01(c) shall be subject to the limitation on amounts distributable to NEP Class B Parties pursuant to Section 5.01(d), and each such Class B Unit shall be eligible to receive distributions pursuant to Section 5.01(d), without regard to such limitation.

• Reimbursement to the owner shall be governed by the Qualified Private Communities Statute (N.J.S.A. 40:67-23.3).

• European countries and Japan deriving more economic benefit from their R&D expenditures.6 Congress responded by taking a number of actions including passing the Stevenson-Wydler Technology Innovation Act of 1980 (P.L. 96-480), the Patent and Trademark Act Amendments of 1980 (known as the Bayh-Dole Act, P.L. 96-517), the Federal Technology Transfer Act (P.L. 99-502), the National Cooperative Research Act (P.L. 98-462), and the Omnibus Trade and Competitiveness Act of 1988 (P.L. 100-418).