Series B-1 Units definition

Series B-1 Units are defined in Section 1.
Sample 1Sample 2Sample 3
Series B-1 Units is defined in the Prior LLC Agreement.
Sample 1Sample 2
Series B-1 Units is defined in Section 3.2(e).
Sample 1

Examples of Series B-1 Units in a sentence

  • ABA No.: 000000000 Ref: Series B1 Units; Account No.: 8788010547 or (z) by agreeing to accept Units for funds previously advanced to the Company or other amounts due Subscriber from Company.

  • Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by and against the Principal, the Company and their respective successors, assigns, heirs, representative and estate, as the case may be (including subsequent holders of Series B-1 Units); provided, that the rights and obligations of the Principal under this Agreement shall not be assignable except in connection with a transfer of the Series B-1 Units permitted under the LLC Agreement.

  • Nothing in the issuance of the Series B-1 Units and nothing in this Agreement shall confer upon the Principal the right to continued employment by the Company or affect in any way the right of the Company to terminate such employment at any time.

  • Except as provided in Section 4 below, all Series B-1 Units shall initially be deemed “Unvested Series B-1 Units” under the LLC Agreement (“Unvested Units”), shall be subject to all of the restrictions on Series B-1 Units contained in the LLC Agreement and, to the extent the LLC Agreement distinguishes between Vested Series B-1 Units and Unvested Series B-1 Units, shall carry only such rights as are conferred on Unvested Series B-1 Units under the LLC Agreement.

  • Within thirty (30) days after the date of the issuance of the Series B-1 Units, the Principal shall make an election authorized by section 83(b) of the Code with respect to the Series B-1 Units and the Principal shall submit to the Company a copy of the statement filed by the Principal to make such election.

  • Vested Units shall no longer be deemed Unvested Series B-1 Units, shall no longer be subject to the restrictions on Unvested Series B Units (but shall remain subject to the restrictions on the Series B Units in general) under the LLC Agreement and, to the extent the LLC Agreement distinguishes between Vested Series B-1 Units and Unvested Series B-1 Units, shall carry all of the rights conferred on Vested Series B-1 Units under the LLC Agreement.

  • The Series B-1 Units are intended to constitute “profits interests” within the meaning of Revenue Procedures 93-27 and 2001-43.

  • The Common Units, the Series B-1 Units, the Series B-2 Units and the general partner interests of NEP OpCo conform to all statements relating thereto contained in the Registration Statement and the Prospectus and such descriptions conform to the rights set forth in the instruments defining the same.

  • Thus, the Series A-1 Units and Series B-1 Units are charged a commission of 4% of the average month end net asset value per Unit in the initial year after purchase.

  • Unless terminated sooner by the written consent of all parties hereto, this Agreement shall survive and remain in full force and effect for so long as the Class B Holders continue, as (i) the Members representing a majority of the Series B1 Units, Series B2 Units and Series B3 Units (voting together as a single class) and (ii) the Members representing a Class B Majority, to have the right to appoint a Manager pursuant to the LLC Agreement.


More Definitions of Series B-1 Units

Series B-1 Units has the meaning set forth in the Partnership Agreement.
Sample 1

Related to Series B-1 Units

  • Series B-1 Preferred Shares means the Company’s series B-1 preferred shares, par value US$0.00001 per share.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series B Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B, of the Company.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Series D Shares means shares of Series D Convertible Preferred Stock, par value $0.001 per share of the Company and having the rights, privileges, preferences and restrictions set forth in the Charter.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • 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.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Series B Common Stock means the Series B Common Stock, par value $0.01 per share, of the Company.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • Common Units is defined in the Partnership Agreement.

  • Class B Units means the Class B Units of the Company.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series B Stock means the Company's Series B Convertible Preferred Stock, par value $0.000001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.