Reclassification Date definition

Reclassification Date means December 29, 2016.

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Reclassification Date means the last business day of a month. “CRA” means the Canada Revenue Agency.

Reclassification Date has the meaning set forth in Section 10.4(c).

Examples of Reclassification Date in a sentence

Each Unit outstanding immediately prior to the Reclassification Date, owned by a Member who is the holder of record of between 49,999 and 20,001 Units, by virtue of this Section 4.1(b), and without any action on the part of the holder thereof, shall be reclassified as a Class B Unit, with the new voting rights, preferences, limitations and restrictions set forth in this Agreement.
Effective as of the Reclassification Date, any and all physical Unit Certificates will be effectively retired on the books of the Company and the Company will evidence each Member’s holdings of Units using a book entry account on the books of the Company.
In case of loss or destruction of any certificate issued before the Reclassification Date, a book entry representing such Units, or electronic certificate, in the discretion of the Board of Managers, may be issued in its place upon proof of such loss or destruction, and upon giving a satisfactory bond of indemnity to the Company in such sum as the Board of Managers may provide.
Each Unit outstanding immediately prior to the Reclassification Date, regardless of class owned by a Member who is the holder of record of exactly 20,000 Units, by virtue of this Section 4.1(c), and without any action on the part of the holder thereof, shall be reclassified as a Class C Unit, with the new voting rights, preferences, limitations and restrictions set forth in this Agreement.
All Units of the Company shall be uncertificated on a go-forward basis from the Reclassification Date; however, the Board of Managers may elect, in their discretion, to issue electronic Unit certificates representing the evidence of the Units owned by each Member at the Board of Manager’s discretion.

More Definitions of Reclassification Date

Reclassification Date means the date on which any Ordinary Shares are reclassified as Deferred 2020 Shares;

Reclassification Date means, with respect to any Redevelopment Asset, the date on which each of the following shall have occurred: (a) the Borrower shall have given notice to the Administrative Agent that it desires to reclassify such Asset as an Office Asset for purposes of this Agreement; (b) the Borrower shall have re-satisfied the conditions set forth in clauses (2) and (3) of Section 5.01(j)(iii)(A) with respect to such Asset and (c) the Administrative Agent or the Required Lenders shall have approved such reclassification (which approval shall not be unreasonably withheld).

Reclassification Date means, with respect to any Redevelopment Asset, the date on which the Company shall have given notice to each Significant Holder that it desires to reclassify such Asset as a Technology Asset for purposes of this Agreement.

Reclassification Date means the date of the consummation of the IAC Reclassification, which shall be determined by or at the direction of the IAC Board in its sole and absolute discretion.

Reclassification Date means the date of the consummation of the Corporation’s initial public offering of shares of its Class A Common Stock.

Reclassification Date means in accordance with clause 12 of this Scheme the date on which an office copy of the Initial Court Order is delivered to the Registrar of

Reclassification Date means the date that the Board of Managers approves the reclassification of the Units which shall be the same date as the Effective Date. (ww) “Regulatory Allocations” has the meaning set forth in Section 9.5(h). (xx) “Reorganization” means the exchange of all of the assets and liabilities of Lake Area Corn Processors, a previous South Dakota cooperative corporation, for the outstanding Units of the Company, pursuant to the Plan of Reorganization of the Company, dated July 25, 2001, as described in the Previous Operating Agreement. (yy) “Reserves” means, with respect to any fiscal period, funds set aside or amounts allocated during such period to reserves which shall be maintained in amounts deemed sufficient by the Manager for working capital, to pay taxes, insurance, debt service, or other costs or expenses incident to the ownership or operation of the Company’s business, and to provide for future acquisitions or other investments. (zz) “Second Amendment” has the meaning set forth in the Preamble. (aaa) “Substitute Member” means any Person or Entity who or which is admitted to the Company as a Substitute Member pursuant to a Transfer of Units in accordance with Section 10 and Section 11. (bbb) “Super Majority Vote of the Board of Managers” means the affirmative vote of at least seventy-five (75%) of the total number of Managers elected to the Board of Managers. (ccc) “Taxing Authority” means any federal, state, local, or foreign taxing authority. (ddd) “Third A&R OA” has the meaning set forth in the Preamble. (eee) “Third Amendment” has the meaning set forth in the Preamble. (fff) “Transfer” means any sale, transfer, gift, assignment, testamentary disposition or any other transaction where the economic or governance rights connected to a Unit are transferred from one Person to another. However, “Transfer” shall not include the mortgage, pledge or grant of a security interest on any Units. The terms “Transferee,” “Transferred,” and other forms of the word “Transfer” shall have correlative meanings. (ggg) “Transferee” has the meaning set forth in Section 10.2(d). (hhh) “Transferor” has the meaning set forth in Section 10.2(d). (iii) “Treasury Regulations” means the Income Tax Regulations, including temporary regulations, promulgated under the Code, as amended from time to time. (jjj) “Units” means a unit representing a fractional part of Interests of the Members. There are four (4) classes of Units authorized under this Agreement: (i) the Class A Units, the...