Examples of Class B Members in a sentence
Class B Members consist of the finally professed members of Saint John’s Abbey in good standing.
Together, the Class A and Class B Members have the authority to appoint five members of the University Board of Trustees.Although authority for the management and direction of the University is vested in the Board of Trustees, the Class A Members retain certain reserved powers over particular matters.
The Manager reserves the right to allow the Class B Members (or their members or Affiliates) to sell, grant, transfer, or convey a minority of the Class B Interests to others without permission of the Class A Members as long as doing so does not: a) dilute the Interests or percentage returns to the Class A Members, or b) allow any other Class B Member to exert management control over the Manager.
ACCEPTANCE OF MONROE COUNTY / NYS SEAT BELT MOBILIZATION GRANT FOR 2021 IN THE AMOUNT OF $1,750.00 RESOLUTION 68-21 Motion by Councilman Loughlin who moved its adoption: Resolved, that the Gates Town Board hereby accepts the Monroe County / NYS Seat Belt Mobilization Grant for 2021 in the amount of $1,750.00 Seconded by Councilman Tucciarello VOTE: Giunta – Aye; Cordero – Aye; DiPonzio – Aye; Loughlin – Aye; Tucciarello – Aye Motion Carried.
In the event the Manager is no longer a Member in the Company, the tax matters member shall be the Majority Interest owner from amongst the Class B Members.