Class A Interests definition

Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

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Class A Interests means the Units purchased by the Class A Members.

Class A Interests means the interests owned by Class A Beneficiaries in the Trust created pursuant to this Agreement.

Examples of Class A Interests in a sentence

• The Parties acknowledge that the issuance of Class A Interests and Class B Interests at Closing is subject to the terms of the Operating Agreement.

• The issuance of the Class A Interests and Class B Interests contemplated in this Section 1.01 shall be duly authorized, validly issued, and other than as set forth in the Operating Agreement, the Technical Services Agreement, the Management Services Agreement, and applicable securities laws, issued to the Members free and clear of all Encumbrances, fully paid, and non-assessable.

• The Parties agree to cooperate in good faith to amend this Agreement as necessary to conform to any amendments to the Operating Agreement relating to capital contributions, third-party funding, the issuance of additional Class A Interests, and the admission of new Members.

• The Class A Interests and Class B Interests shall be issued (the “Closing”) simultaneously with the execution of this Agreement and the Operating Agreement on the Effective Date by exchange of documents and signatures (or their electronic counterparts).

More Definitions of Class A Interests

Class A Interests shall have the meaning specified in the recitals.

Class A Interests mean the Units purchased by the Class A Members. The Class A Interests shall comprise fifty percent (50%) of the total Interests sold. Class A Percentage Interests shall be determined by calculating the ratio between each Class A Members Capital Account in relation to the total capitalization of the Company provided by the Class A Members. Class B Interests mean fifty percent (50%) of the total Interests in the Company, which shall be issued to ▇▇▇▇▇▇▇ HOMES ▇▇▇▇▇▇▇ LOANS, LLC (in concert with the ▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇ Development Co or its members or their Affiliates) in exchange for services. Class B Members shall initially mean ▇▇▇▇▇▇▇ HOMES ▇▇▇▇▇▇▇ LOANS, LLC (or its Affiliates and/or members), but may include others to whom the Manager may grant or allow to purchase Class B Interests. Issuance of Class B Units is irrevocable even if ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans, LLC, and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ is removed as the Manager of the Company. Code means the Internal Revenue Service Code of 1986, as amended from time to time. Company shall refer to ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans, LLC, a Georgia domestic limited liability company and an emerging growth proptech and fintech company (real estate, technology and financial services). ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans | 64 Company Operating Agreement Company Minimum Gain has the meaning set forth in sections 1.704-2(b)(2) and 1.704-2(d) of the Treasury Regulations.

Class A Interests shall have the meaning set forth in Section 3.1(a).

Class A Interests means that portion of the Interests that represents the equity interests of certain Sellers in the Target with respect to the ▇▇▇▇▇▇▇ Properties, and the rights and obligations of which are set forth in the Target Operating Agreement.

Class A Interests means the Interests in the Company held by the Class A Members.

Class A Interests means the Class A member interests in the General Partner.

Class A Interests means the Interests held by the Class A Members having such rights and preferences as are set forth herein.