Examples of Series A Members in a sentence
Income distributions made by the Company shall be made with the first 70% to Series A Members, and the remaining 30% to the Common Unit Members until Series A Members have received total distributions in the amount equal to their preferential return, and thereafter, to the holders of outstanding Common Units and Series A Units in accordance with their relative percentage interests on an as converted basis.
At that point, the Company, the Series A Members and the Series B members will have the opportunity to purchase first on the same terms.
At the election of a Majority in Interest of Series A Members, and subject to the prior right of the Series C Members and Series B Members, the Series A Members may, at any time on or after October 17, 2013, by giving delivering written notice to the Company (the “Series A Election Notice”), require that the Company redeem all of the Series A Members’ Series A Preferred Shares.
Notice of, and an agenda for, all Series A Management Committee meetings shall be provided by the Representatives to all Series A Members at least five Days prior to the date of each meeting, together with proposed minutes of the previous Series A Management Committee meeting (if such minutes have not been previously ratified).
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.
One such restriction includes the Series A Members and Series B Members right of first refusal on any attempted transfer.
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.
Any Member having the right to vote at any meeting of all Members, at any meeting of all Preferred Members, at any meeting of Series A Members, at any meeting of the Series B Members or at any meeting of Common Members, may vote either in person or by proxy.
The Company, the Series A Members, and the Series B Members are entitled to a right of first refusal on any Units that are attempted to be transferred.
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.