Member Classes Sample Clauses

The 'Member Classes' clause defines the different categories or types of members within an organization or association. It typically outlines the rights, privileges, and obligations associated with each class, such as voting rights, eligibility for office, or access to certain services. By clearly distinguishing between member classes, this clause ensures transparency and helps manage expectations among members, preventing disputes over membership status and associated benefits.
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Member Classes. Within the structure of ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans, LLC Regulation A Offering, there are two (2) classes of Members, Class A and Class B. The Manager shall record the name and address of each of the Members in Appendix B to this Agreement. Member classes shall be allocated as provided below.
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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.
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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:
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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.
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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.
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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.
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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
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Related to Member Classes

  • Classes The officers of the Company shall be a President, a Secretary, a Treasurer, and, if deemed necessary, expedient, or desirable by the Board of Managers, an Executive Vice President, one or more Senior Vice Presidents, one or more other Vice Presidents, one or more Assistant Treasurers, one or more Assistant Secretaries, and such other officers as may be elected or appointed in accordance with the provisions of this article. Additional officers and duties may be added by amendments to this article by the Members.

  • SPECIALIZED JOB CLASSES Where there is a particular specialized job class in which the pay rate is below the local market value assessment of that job class, the parties may use existing means under the collective agreement to adjust compensation for that job class.

  • Elimination of Series or Classes At any time that there are no Shares outstanding of any particular Series or Class previously established, the Trustees may abolish that Series or Class and rescind the establishment thereof.

  • Additional Series or Classes In the event that the Board of Directors shall determine to issue any additional series of shares for which it is proposed that the Investment Manager serve as investment manager, the Company and the Investment Manager shall enter into an Addendum to this Agreement setting forth the name of the series and/or classes, as appropriate, the Applicable Fee and such other terms and conditions as are applicable to the management of such series and/or classes, or, in the alternative, enter into a separate management agreement that relates specifically to such series or classes of shares.

  • Combination of Series or Classes (i) The Board of Trustees shall have the authority, without the approval, vote or consent of the Shareholders of any Series, unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series; provided that upon completion of such combination of Series, the interest of each Shareholder, in the combined assets and liabilities held with respect to the combined Series shall equal the interest of each such Shareholder in the aggregate of the assets and liabilities held with respect to the Series that were combined. (ii) The Board of Trustees shall have the authority, without the approval, vote or consent of the Shareholders of any Series or Class, unless otherwise required by applicable law, to combine, merge or otherwise consolidate the Shares of two or more Classes of Shares of a Series with and/or into a single Class of Shares of such Series, with such designation, preference, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, terms and conditions of redemption and other characteristics as the Trustees may determine; provided, however, that the Trustees shall provide written notice to the affected Shareholders of any such transaction. (iii) The transactions in (i) and (ii) above may be effected through share-for-share exchanges, transfers or sales of assets, Shareholder in-kind redemptions and purchases, exchange offers, or any other method approved by the Trustees.