Other Classes Clause Samples
The "Other Classes" clause defines how different categories or classes of shares, interests, or participants are treated within an agreement or organization. It typically outlines the rights, privileges, and obligations associated with each class, such as voting power, dividend entitlements, or priority in liquidation. By clearly distinguishing between various classes, this clause ensures that all parties understand their respective positions and benefits, thereby preventing disputes and promoting transparency in governance or ownership structures.
Other Classes. A Unitholder must hold the minimum number of Units of any Other Class, and meet the other requirements, if any, as stipulated in the designations governing the Other Class.
Other Classes. In addition to Common Stock and Preferred Stock, the Company shall have the power to issue such other interests in the Company as the Board of Directors may determine from time to time.
Other Classes. In addition to Preference Units issued under clause 7.1, the Trustee may, subject to this Deed and with the approval of:
(a) a Special Resolution of the Unit Holders holding Ordinary Units; and
(b) where there are Preference Units on issue, a Unanimous Resolution of the Unit Holders holding Preference Units, issue Units of different Classes, with different proprietary and other rights and different liabilities as provided in this Deed or specified in the terms of issue or, subject to the Trustee’s duties and the terms of issue of each Class of Units, at any time categorise any Units into a Class.
Other Classes. The Manager is authorized, without a Member vote or Member consent, to issue one or more classes of membership interest and to fix, by resolution and/or by certificates of determination, the voting powers, designations, preferences, limitations, restrictions and relative rights of each such class, in which case this section of this Agreement shall be amended.
Other Classes. The Company has each additional class of Company Units identified in a Unit Designation that exists as of the Effective Time, with the rights, preferences, privileges and obligations set forth in this Agreement as modified by such Unit Designation.
Other Classes. The Partnership has each additional class of Units identified in a Unit Designation that exists as of the Effective Time, with the rights, preferences, privileges and obligations set forth in this Agreement as modified by such Unit Designation.
Other Classes. Specialty employees and consultants shall be permitted to participate in any other non-technical training classes offered by Conexant, either directly or through Conexant's vendors [...***...]
Other Classes. The Manager may create classes of limited liability company interest other than Shares, with such rights and preferences as the Manager may determine in its sole discretion.
Other Classes. Specialty employees and consultants shall be permitted to participate in any other learning solutions training classes offered by Conexant, either directly or through Conexant's vendors, at a cost to be negotiated by the Parties in good faith.
Other Classes. If the Board of Managers approves the creation of Classes of Interest, the Board shall establish capital requirements for each such Class and shall adjust the allocations of Net Income, Net Loss, and Distributable Cash set forth herein.