Class A-2 Units definition

Class A-2 Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to “Class A-2 Units” in this Agreement.

Class A-2 Units means that class of Company Interests issued to those Members set forth on Exhibit A in the amounts set forth thereon, and to such other Persons after the Effective Date in accordance with this Agreement, representing an interest in profits, losses and distribution as set forth in this Agreement and having the rights, powers, obligations, restrictions and limitations specified with respect to Class A-2 Units in this Agreement.

Class A-2 Units means the Class A-2 Units of the Partnership representing the interests in the Partnership set forth in this Agreement.

Examples of Class A-2 Units in a sentence

• The contingent earnout adjustment represents the adjustment to the fair value of the Class A-2 Units issued in connection with the Self Administration Transaction.

• The Members acknowledge and agree that for the purposes of determining whether and to what extent each Member is permitted to participate in the Tag-along Sale, Class A-1 Units and Class A-2 Units shall not be considered separate series.

• The Members acknowledge and agree that for the purposes of determining whether and to what extent each Member is obligated to participate in the Drag-along Sale, Class A-1 Units and Class A-2 Units shall not be considered separate series.

• Several market failures exist which means that, in the absence of government intervention, the market would not make the changes necessary to ensure there is appropriate ventilation in homes and non-domestic buildings.

• The contingent earnout adjustment represents the adjustment to the fair value during the period of the Class A-2 Units issued in connection with the self administration transaction.

More Definitions of Class A-2 Units

Class A-2 Units has the meaning set forth in the LLC Agreement.

Class A-2 Units means the Units classified as Class A-2 Units in the A&R LLC Agreement and initially held by Apollo Fund.

Class A-2 Units has the meaning set forth in Section 3.1(b) hereof.

Class A-2 Units means preferred units of economic interest equal with each other, each with the rights and liabilities, at any particular time, including rights to vote, rights to distributions (liquidating or otherwise) and allocations, as provided in this Agreement.

Class A-2 Units has the meaning set forth in the A&R LP Agreement.

Class A-2 Units. (collectively, “Units”), in each case possessing the rights, interests and obligations set forth herein. Each Member who holds any Class A-1 Units is referred to herein as a “Class A-1 Unitholder” and each Member who holds any Class A-2 Units is referred to herein as a “Class A-2 Unitholder.” The Company shall keep a current schedule of the number of outstanding Class A-1 Units and Class A-2 Units (the “Schedule of Outstanding Units”) with the books and records of the Company. Attached as Schedule 1 hereto is the Schedule of Outstanding Units as of the date hereof, evidencing the Units that have been issued and/or transferred to the Members as of the date hereof in accordance with the terms of the Restructuring and this Agreement. Attached as Schedule 2 hereto is a schedule setting forth the Capital Accounts of such Members with respect to such Units, as of the date hereof. Each Unit issued to a Member in accordance with this Agreement shall be a fully paid and non-assessable limited liability company interest in the Company.

Class A-2 Units has the meaning assigned to such term in the Company LLC Agreement.