Series B Member definition

Series B Member means a Member that holds a Series B Unit.

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Series B Member means a Member who owns Series B Founder Units. “Series B Founder Unit” has the meaning set forth in Section 4.2.2.

Series B Member means any of the Series B Members. Notwithstanding the foregoing, a Person that is a Series B Member shall cease to be a Series B 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 B Preferred Units, in which case the terms Series B Members and Series B Member shall no longer include such Person. Without limiting the generality of the immediately preceding sentence, Series B Members shall cease to be Series B Members and shall become Common Members upon the automatic conversion of all outstanding Series B 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 B 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 B Members, or any of them (including, without limitation, the Majority Series B Members), shall be deemed not to be in effect and shall be disregarded for so long as there are no Series B Members and such provisions remain a part of this Agreement.

Examples of Series B Member in a sentence

Any Dispute concerning such advice shall be subject to Section 7.09; provided, however, that only the Series B Member Representative shall have the right to object to such advice pursuant to this Section 6.02.
Such payment shall be made by wire transfer of immediately available funds to the bank account designated by the Applicable Series B Member.
As of the Series B Closing Date, all rights of the Series B Member with respect to the Series B Preferred Shares shall cease and terminate, such Series B Preferred Shares shall no longer be deemed to be outstanding for any purpose whatsoever, and such Person shall no longer be a Series B Member.
Each Series B Member having the right to vote at any meeting of Series B Members shall be entitled to one vote for each Series B Preferred Unit held by it and entitled to be voted at such meeting.
The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.09 shall be (i) final and may be enforced as if it were the award of an arbitrator issued under and pursuant to the rules of the American Arbitration Association and (ii) binding on HII and the Series B Member Representative and may be entered and enforced in any court having competent jurisdiction.

More Definitions of Series B Member

Series B Member means any Member executing this Agreement as a Series B Member or hereafter admitted to the Company as a Series B Member as provided in this Agreement, solely in such Member’s capacity as a Record Holder of Series B Preferred Units, but does not include any Person who has ceased to be a Member.

Series B Member means any Person designated as a Series B Member in Schedule A attached hereto, as such Schedule may be amended from time to time to reflect additions or substitutions of new Series B Members and withdrawals and resignations of Series B Members, in such Person’s capacity as, and while such Person shall be, a Series B Member of the Company.

Series B Member means a holder of Series B Units as relates to the ownership of such Units (whether such Series B Units are Vested Series B Units or Unvested Series B Units) who is executing this Agreement as a Series B Member or is hereafter admitted to the Company as a Series B Member as provided in this Agreement in its capacity as a holder of Series B Units, but does not include any Person who has ceased to be a Member.

Series B Member means a holder of a Series B Membership Interest.

Series B Member means BD Holdco, for so long as it holds Series B Units.

Series B Member means a Member who owns Series B Units. “Series B Unit ” has the meaning set forth in Section 4.2.2.

Series B Member means the holder of Series B Interests of the Company and shall initially be issued to investors contributing services and/or making a capital investment in the Company.