Examples of Class C Membership Interest in a sentence
A Class C Membership Interest may be subject to repurchase by the Company as set forth in a Class C Award Agreement.
Pursuant to Article 4 of the Operating Agreement, the Contributor hereby consents to the “Disposition” (as defined in the Operating Agreement) of the Class A Membership Interest and the Class C Membership Interest in the Company to the Acquirer pursuant to separate agreements.
The holders of each class of Class A and Class B Membership Interests shall each select and nominate one Director of the corresponding class and the holders of the Class C Membership Interest shall select and nominate two Directors.
As a consequence, the sole Members of the Company after giving effect to the transactions described in this Section 3.1 shall be El Paso GP Holdco as the holder of the Class B Membership Interest and the Investor as the holder of the Class C Membership Interest.
Except for the Class A Membership Interest in the Company held by Summit Hotel Properties, LLC and the Class C Membership Interest in the Company held by Xxxx Xxxxxxxxxx, the Contributed Assets constitute all of the issued and outstanding membership interests of the Company.