Series A Members definition

Series A Members means the Members holding Series A Preferred Shares and their respective successors and assigns in respect of such Shares.

Series A Members means, collectively, (i) the Initial Series A Members and (ii) each Person who hereafter is admitted as a member of the Company in such Person’s capacity as a holder of Series A Preferred Units pursuant to, and in accordance with, the applicable provisions of this Agreement. The term “Series A Member” shall mean 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.

Series A Members shall have the meaning set forth in the preamble to this Agreement.

Examples of Series A Members in a sentence

• A Majority of Common Members shall be required to attend in order to constitute a quorum unless the matter involves a Major Decision, in which case, a Majority of Members (and, if the Major Decision is the action described under Section 6.5.1, a Majority of Members and a Majority of Series A Members) shall be required to attend in order to constitute a quorum.

• This Agreement may be amended by the Members at any time and from time to time by written amendment executed by a Majority of Common Members; provided, however, that any amendment to this agreement that materially adversely affects the rights of the holders of Series A Preferred Units, shall also require the consent of a Majority of the Series A Members.

• Written notice of any meeting of all Members, any meeting of all Preferred Members, any meeting of Series A Members, any meeting of Series B Members and any meeting of Common Members shall be given to each Member entitled to vote at such meeting by the CEO, the Secretary, the Treasurer or by any of the Managers at least ten (10) days and not more than sixty (60) days prior to the date of such meeting.

• The aggregate payments required to be made by the Series A Members pursuant the paragraph above shall be paid by the Series A Members in proportion to their respective Unused Capital Commitments.

• Each Series A Member having the right to vote at any meeting of Series A Members shall be entitled to one vote for each Series A Preferred Unit held by it and entitled to be voted at such meeting.

• In the event that notice of a meeting of all Members, of a meeting of all Preferred Members, of a meeting of Series A Members, of a meeting of Series B Members and/or of a meeting of Common Members is not duly given to any Member entitled to vote at such meeting, such notice shall be deemed to be waived if such Member participates in such meeting.

• Any notice of a meeting of all Members, of all Preferred Members, of a meeting of Series A Members, of a meeting of Series B Members and/or of a meeting of Common Members shall specify the purposes of such meeting.

• Meetings of all Members, meetings of Preferred Members, meetings of Series A Members, meetings of the Series B Members and meetings of Common Members may be held at such places, within or without Delaware, and at such times as the Board of Managers may from time to time determine.

• The Series A Members shall have the right to participate in each Investment made by any other Series to the extent that there is capital available with respect to the Series A Interests for the purpose of making such investment.

• Each such Series A Drawdown Notice of the Company shall state the aggregate amount of Capital Contributions being requested from the Series A Member to whom such Series A Drawdown Notice of the Company is given as well as the aggregate amount of all Capital Contributions being requested from all of the Series A Members.

More Definitions of Series A Members

Series A Members means the Members holding Series A Preferred Shares (and any Common Shares issued upon conversion of Series A Preferred Shares) and their respective successors and assigns in respect of such Shares. All Series A Members shall retain their status as such regardless of the conversion of all or any portion of their Series A Preferred Shares into Common Shares.

Series A Members means those Persons listed in Schedule A (as in effect on the date hereof) as holder of a Series A Interest, and shall also include any New Member admitted to the Company as a Series A Member after the date hereof in accordance with this Agreement. The initial Series A Member is Jefco. In the event there is more than one Series A Member, the percentage of the Series A Interests owned by each Series A Member shall be recorded by the Company in its books and records.

Series A Members means at any time holders of a Series A Membership Interest.

Series A Members means those Members holding Series A Units.

Series A Members means the Members holding Series A Preferred Units, their permitted successors and assigns and any other Person who may be admitted to the LLC as a Series A Member in accordance with the terms of this Agreement. GDSVF&H\

Series A Members means Members to the extent they hold Series A Units. “Series B Members” means Members to the extent they hold Series B Units. “Series C Members” means Members to the extent they hold Series C Units.