Series B Member definition

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

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 suggestion in the Amended Complaint that Basil, a Series B Member, acted against the interests of the Company and the other Series B Members by “caus[ing] the Series B Unitholders to be diluted” rests on the unreasonable inference that he would act against his own best interests.

• Each Series B Member shall provide the Manager with such information as the Manager shall reasonably request to facilitate such Series B Member’s participation in Vermont’s net metering program and the allocation of net metering credits to such Series B Member’s electric account(s).

• A Series B Member may sell all or some of the Member’s Units to the purchaser of such Member’s home if the Member is moving to a place where the Units cannot be transferred to a GMP meter.

• This calls for restructuring both the regulatory framework and organizational set up to adequately include climate change in a multi-sectoral and multi-departmental way as studies by (Chu, Anguelovski, & Carmin, 2016) found out in their paper on inclusive adaptation planning in the global south..In the study by Stead & Meijers, (2009) it was found out that effective mainstreaming calls for resources such funds, experts, information, accurate data among other factors.

• The applicable Schedule shall become final and binding on all parties unless the Applicable Series B Member, within 30 calendar days after an Exchange Basis Schedule or amendment thereto or a Tax Benefit Schedule or amendment thereto was provided to the Series B Member Representative, provides HII with notice of a material objection to such Schedule (“Objection Notice”) made in good faith.

More Definitions of Series B 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 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 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 the Members of the Company listed on Exhibit A who qualify and purchase Series B Units pursuant to the Company’s Vermont Crowdfunding Offering Memorandum (the “ Offering Memorandum”), with the rights and obligations set forth below. A person may only qualify to be a Series B Member if he/she is a Vermont resident that has accepted the Company’s offer to purchase Membership Interest pursuant to the Company’s Offering Memorandum, has an electric meter in GMP’s electric service territory, and has agreed to be bound by the terms and conditions of this Operating Agreement. The Company shall not be deemed to have made an offer of a Series B Unit to any person who does not meet the definitional criteria set forth in this paragraph.

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 a holder of Series B Units.