Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.
Class A Interests means the Units purchased by the Class A Members.
Class A Interests means the interests owned by Class A Beneficiaries in the Trust created pursuant to this Agreement.
Examples of Class A Interests in a sentence
For U.S. federal income tax purposes, the Parties agree to treat (x) the MT Closing Date Capital Contribution and the GE Closing Date Capital Contribution in exchange for Class A Interests and Class B Interests, respectively, pursuant to the A&R LLC Agreement as a tax-free transfer of property under Section 721(a) of the Code and (y) the Intellectual Property Agreement as licenses to the Company of their respective underlying Intellectual Property (the “Intended Tax Treatment”).
More Definitions of Class A Interests
Class A Interests mean the Units purchased by the Class A Members. The Class A Interests shall comprise fifty percent (50%) of the total Interests sold. Class A Percentage Interests shall be determined by calculating the ratio between each Class A Members Capital Account in relation to the total capitalization of the Company provided by the Class A Members. Class B Interests mean fifty percent (50%) of the total Interests in the Company, which shall be issued to XXXXXXX HOMES XXXXXXX LOANS, LLC (in concert with the Xxxxxxx X Xxxxxxx Development Co or its members or their Affiliates) in exchange for services. Class B Members shall initially mean XXXXXXX HOMES XXXXXXX LOANS, 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 Class B Units is irrevocable even if Xxxxxxx Homes Xxxxxxx Loans, LLC, and Xxxxxxx Xxxxxxx is removed as the Manager of the Company. Code means the Internal Revenue Service Code of 1986, as amended from time to time. Company shall refer to Xxxxxxx Homes Xxxxxxx Loans, LLC, a Georgia domestic limited liability company and an emerging growth proptech and fintech company (real estate, technology and financial services). Xxxxxxx Homes Xxxxxxx Loans | 64 Company Operating Agreement Company Minimum Gain has the meaning set forth in sections 1.704-2(b)(2) and 1.704-2(d) of the Treasury Regulations.
Class A Interests shall have the meaning specified in the recitals.
Class A Interests shall have the meaning set forth in Section 3.1(a).
Class A Interests means that portion of the Interests that represents the equity interests of certain Sellers in the Target with respect to the Xxxxxxx Properties, and the rights and obligations of which are set forth in the Target Operating Agreement.
Class A Interests means (a) the Class A Membership Interests initially issued to MUS in exchange for the contribution by MUS to the Company of its Category A membership interest in Cardinal representing 40.08175% of all outstanding Category A membership interests in Cardinal and 37.27603% of all outstanding classes of membership interests in Cardinal; (b) any additional Class A Interests issued pursuant to Section 3.2; and (c) any additional Class A Interests issued on Transfer of any Class A Interest or to any Additional Member.
Class A Interests means Class A membership interests in LLC.
Class A Interests has the meaning set forth in the Recitals.