Preemptive Rights Members definition

Preemptive Rights Members means each Holder of Class A Units who is an “accredited investor” as defined under Rule 501 of Regulation D of the Securities Act.
Preemptive Rights Members has the meaning set forth in Section 5.5(a).

Examples of Preemptive Rights Members in a sentence

  • The Preemptive Offer Notice shall by its terms remain open for a period of ten Business Days from the date of delivery thereof (the “Preemptive Rights Election Period”) and shall specify the date on which the New Securities will be sold to accepting Preemptive Rights Members (which shall be at least ten Business Days but not more than 180 days after the date of delivery of the Preemptive Offer Notice).

  • The closing of an issuance of New Securities pursuant to this Section 5.2 shall take place on the proposed issuance date set forth in the Preemptive Offer Notice; provided that consummation of an issuance may be extended beyond such date to the extent necessary to obtain any applicable governmental approval or other required approval or to satisfy other conditions set forth in the Preemptive Offer Notice (and notice of any such extension will be given to the applicable Preemptive Rights Members).

Related to Preemptive Rights Members

  • Preemptive Right has the meaning set forth in Section 5.1 hereof.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.