Class B Members definition

Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

Class B Members means the Members holding Class B Units.

Class B Members means all such Persons.

Examples of Class B Members in a sentence

• Members representing an aggregate of not less than thirty percent (30%) of the Membership Voting Interests held by the Class A Members and Class B Members may also in writing demand that the Directors call a meeting of the Members.

• The Company shall dissolve and shall commence winding up and liquidating upon the first to occur of any of the following (each a "Dissolution Event"): (i) The affirmative vote of a 75% majority in interest of the Membership Voting Interests of the Class A Members, Class B Members, Class C Members and Class D Members, voting together as a single class, to dissolve, wind up, and liquidate the Company; or (ii) The entry of a decree of judicial dissolution pursuant to the Act.

• Except for the special right of appointment of certain Directors as provided in Section 5.3(c), Directors shall be elected by a plurality vote of the Class A Members and Class B Members, voting together as a single class, so that the nominees receiving the greatest number of votes relative to all other nominees are elected as Directors.

• Except for the special right of appointment of certain Directors as provided in subsection Section 5.3(c) hereof,), Directors shall be elected by a plurality vote of the Membership Voting InterestsClass A Members and Class B Members, voting together as a single class, so that the nominees receiving the greatest number of votes relative to all other nominees are elected as Directors.

• The approval of Class B Members, Class C Members or Class D Members shall not be required to amend this Agreement unless specifically provided herein.

More Definitions of Class B Members

Class B Members means the Members that hold a Class B Membership Interest.

Class B Members has the meaning set forth in Section 2.2.

Class B Members shall initially mean CARDONE CAPITAL, LLC (or its Affiliates and/or members), but may include others to whom the Manager may grant or allow to purchase Class B Interests. Issuance of the Class B Units is irrevocable even if CARDONE CAPITAL, LLC is removed as the Manager of the Company. Code shall mean the Internal Revenue Code of 1986, as amended from time to time. Company shall refer to Cardone Equity Fund V, LLC, a Delaware limited liability company.

Class B Members mean all Persons who hold Class B Units, meet the requirements of Section 4.2(b), are admitted as Class B Members and have not ceased to be Class B Members.

Class B Members. Subject to Section 3.1, (i) the Class A Shares shall entitle the holders thereof to voting rights in the Company equal to one vote per Class A Share on each matter with respect to which the Class A Members are entitled to vote and (ii) the Class B Shares shall entitle the holders thereof to voting rights in the Company equal to one vote per Class B Share on each matter with respect to which the Class B Members are entitled to vote. The Company shall ensure that each Class B Member has, at all times, the same number of Class B Shares as the other Class B Members. At the time of admission of each additional Member, the Designated Members shall determine in their sole discretion the number and class of Shares of such Member, subject to the preceding sentence.

Class B Members means those Members holding Class B Interests.

Class B Members means holders of Class B Capital Units who have executed and agreed to be bound by this Operating Agreement.