Class A Members Sample Clauses

Class A Members. Investors who purchase Class A Units shall become Class A Members of the Company once admitted by the Manager. The Capital Contributions of the Class A Members shall result in one hundred percent (100%) of the Capitalization of the Company, less the amount contributed by the Class B Members. Class A Members shall acquire ninety nine percent (99%) of the ownership Interests of the Company. The minimum investment amount required of a Class A Investor is Twenty Thousand Dollars ($20,000) or Twenty (20) Units, however, the Manager reserves the right to accept less than the minimum investment amount from a single Class A Investor in order to achieve the maximum dollar amount of Interests to the Class A Investors, if less than the minimum investment amount required of each Class A Investor is needed to do so.
AutoNDA by SimpleDocs
Class A Members. Investors who contribute capital to the Company through Contributions of Cash in exchange for the purchase of Class A Interests issued by the Company shall become Class A Members of the Company, once admitted by the Manager.
Class A Members. Investors who contribute capital to the Company through Contributions of cash in exchange for the purchase of Class A Interests issued by the Company shall become Class A Members of the Company, once admitted by the Manager. The Class A Members shall share, pro rata, in accordance with their Capital Contributions, seventy (70%) percent of the total Interests in the Company. The minimum investment amount required of a Class A Investor is One Thousand Dollars ($1,000) or One (1) Interest.
Class A Members. Class A Members shall be entitled to vote on all matters coming to a vote of the Class A Members. Each Class A Member may cast only one vote on each matter brought to a vote of the Class A Members, regardless of the number of Class A Capital Units owned. All matters to be voted upon by the Class A Members shall require the affirmative vote of the majority of the Class A Members voting on the matter at hand, except that (i) for matters to be voted upon under Section 3.9(b)(i)(ii) and (iii), a Super Majority Vote of the Class A Members voting on the matter at hand shall be the Act of the Class A Members and (ii) the election of individuals serving on the Board of Managers under Section 3.9(b)(iv) shall be determined by a vote of the plurality of the Class A Members voting from the individuals’ respective geographic districts in accordance with Section 8.4(a).
Class A Members. Class A Members shall be entitled to vote on all matters coming to a vote of the Class A Members. Each Class A Member may cast only one vote on each matter brought to a vote of the Class A Members, regardless of the number of Class A Capital Units owned. On all matters to be voted upon by the Class A Members, except as otherwise provided in this Operating Agreement, the affirmative vote of the majority of the Class A Members voting on the matter at hand shall be the act of the Class A Members.
Class A Members. Class A Members must hold at least one hundred (100) Class A Units and have a Cattle Delivery Agreement in effect with the Company as provided in Section 4.4.
Class A Members. To the Class A Members in accordance with the Liquidation Preference of the Class A Preferred Interests.
AutoNDA by SimpleDocs
Class A Members. As of the date specified in Exhibit B, each Class A Member has the Capital Account set forth opposite such Members name on Exhibit B. As of the date specified in Exhibit B, each Class A Member has the number of Class A Units set forth opposite such Member’s name on Exhibit B.
Class A Members. Class A Members must hold at least two thousand five hundred (2,500) Class A Units. A Person holding less than two thousand five hundred (2,500) Class A Units shall be deemed a non-member Unitholder. A Person holding less than two-thousand five hundred (2,500) Class A Units shall be subject to the Company’s right to redemption under Section 4.6(b).
Class A Members. Class A Members shall be those Members owning Class A Membership Interests of the Company as of the effective date of this Operating Agreement, or thereafter by purchase of a Class A Membership Interest as allowed herein, or by purchase pursuant to additional Private Offerings of the Company. Class A Members shall have limited voting rights and will only be able to vote on the following matters: (i) amendments to the Operating Agreement and Articles of Organization, except as otherwise provided herein; (ii) as set forth in Section 3.3, the establishment of a new class of Members with superior rights to the Class A Members; and (iii)
Time is Money Join Law Insider Premium to draft better contracts faster.