Series A Member means any Member that holds Series A Units.
Series A Member mean a Member holding Series A Membership Interests from time to time, in its capacity as such and not in its capacity as the holder of any other Series of Membership Interests.
Series A Member means any of the Series A Members. Notwithstanding the foregoing, a Person that is a Series A Member shall cease to be a Series A Member upon the earlier of (x) the effective date of such Person’s Withdrawal and (y) the first date on which such Person ceases to own any Series A Preferred Units, in which case the terms Series A Members and Series A Member shall no longer include such Person. Without limiting the generality of the immediately preceding sentence, Series A Members shall cease to be Series A Members and shall become Common Members upon the automatic conversion of all outstanding Series A Preferred Units into Common Units pursuant to, and in accordance with, Section 4.11 hereof. A Person who is a Member of multiple series or classes of Units who ceases to be a Member of one or more series or classes of Units, shall continue to remain a Member of each series or class of Units for which each such Member continues to hold Units. In the event that, at any time during the term of this Agreement, there are no Series A Members, then, notwithstanding anything express or implied in this Agreement to the contrary, any provision of this Agreement that requires, permits or provides for the approval, consent or vote of the Series A Members, or any of them (including, without limitation, the Majority Series A Members), shall be deemed not to be in effect and shall be disregarded for so long as there are no Series A Members and such provisions remain a part of this Agreement.
Examples of Series A Member in a sentence
As of [●], 2024 each Series A Member owns the number of Series A Units and Class C Common Units as appears next to his, her or its name on Schedule I hereto.
More Definitions of Series A Member
Series A Member means a Person holding "Registrable Securities" as that term is defined in Annex A to the Operating Agreement granting registration rights to Members holding Series A Preferred Shares.
Series A Member means a Member who owns Series A Preferred Units. “Series A Preferred Unit” has the meaning set forth in Section 4.2.1.
Series A Member means any Member executing this Agreement as a Series A Member or hereafter admitted to the Company as a Series A Member as provided in this Agreement, solely in such Member’s capacity as a Record Holder of Series A Preferred Units, but does not include any Person who has ceased to be a Member.
Series A Member means a Series A-1 Member and a Series A-2 Member.
Series A Member means any Person designated as a Series A Member in Schedule A attached hereto, as such Schedule may be amended from time to time to reflect additions or substitutions of new Series A Members and withdrawals and resignations of Series A Members, in such Person’s capacity as, and while such Person shall be, a Series A Member of the Company.
Series A Member means the holder of Series A Interests of the Company and shall be initially issued to persons who are designated to serve as licensee and resident agent for any liquor license issued to the Company.