Member Classes Sample Clauses

Member Classes. This Cooperative shall have three (3) classes of members, which are hereby designated as the "Cooperative Association Member" class, the "Defined Member" class, and the "Individual Member" class, as more particularly described in the Bylaws. This Cooperative may have such additional classes of members, with such designations, and such relative rights, preferences, privileges and limitations, as may be provided in the Bylaws of this Cooperative.

Member Classes. As of the Effective Date hereof, there are three (3) classes of Membership Interest that may be issued by the Company: Class G, Class L, and Class M. The Manager shall record or cause to be recorded the name and address of each of the Members in Appendix B to this Agreement. Member classes shall be allocated as provided below:

Member Classes. (A) The Foundation has two classes of membership, representing members that publicly (but nonexclusively) support the Foundation’s charitable and DOC# 3185723.v10-4/30/20 educational purposes: (A) Sponsor Members and (B) Promoter Members. (B) As described in Section 2.2(A) of the Foundation’s Bylaws, Sponsor Members can be Initial Sponsor Members or Additional Sponsor Members. Certain Sponsor Members may also qualify as Nonprofit Sponsor Members, as requested on Exhibit N.

Member Classes. Based upon the Cooperative Service Used or to be Used by a Member, the Cooperative may group Members in classes as may be determined and approved by the Board ("Member Classes"). Except as otherwise provided in these Bylaws or determined by the Board in approving a Member Class, a Member includes all Member Classes and all Members have the same rights and obligations.

Member Classes. The Company may have two (2) classes of Members, Class A Members and Class B Members. Class A Members have all rights available to Members under the provisions of the Articles, this Agreement and, subject to such limitations and restrictions as may be set forth in the Articles and/or this Agreement, the Act, including, but not limited to, all voting rights available to Members. The rights of Class B Members with respect to their Member’s interests are limited to the right to receive a share of Company profits or other compensation by way of income, an allocation of Company profit, gain, loss, deduction and credit, and a return of contribution to the extent of the Member’s interest. Class B Members have no right to (i) vote or otherwise participate in the management of the business and affairs of the Company, (ii) require any information or account of Company transactions or (iii) exercise any options, including purchase options given and granted in this Agreement. The Class B Units of Class B Members and the Membership Percentages related to Class B Units shall be ignored and shall not be considered or computed in exercising options, performing acts, calling meetings, establishing a quorum, executing documents, giving consents, casting votes, exercising discretion or making designations. Class B Units shall be issued by the Company only incident to the exercise of the Warrants as provided in Section 2.4. The Company shall issue no other nonvoting equity securities.

Member Classes. The membership interests of the Company shall consist of Class A membership interests ("Class A Members") and Class B membership interests ("Class B Members", and together with the Class A Members, the "Members" or the “Members at Large”). The rights and privileges of both classes are identical, except as provided herein and in Section