Class A Managers definition

Class A Managers has the meaning specified in Section 5.2(a).
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Class A Managers means Class A Managers, as defined in the Company LLC Agreement.
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Class A Managers has the meaning set forth in Section 8.02(a) hereof.
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Examples of Class A Managers in a sentence

  • Unless otherwise provided by Law or this Agreement, the presence of Managers constituting a majority of the voting authority of the whole Board of Managers shall be necessary to constitute a quorum for the transaction of business; provided that the presence of at least a majority of the Class A Managers and at least a majority of the Class B Managers shall be required for a quorum to exist.

  • Any notice of non- renewal by CIN shall have received prior “Majority Approval” (i.e., an affirmative vote by the majority of Class A Managers and an affirmative vote by the majority of Class B Managers in attendance at any meeting of the Board in which a Quorum is present; all capitalized terms used herein and not otherwise defined shall have the meaning ascribed to such terms in CIN’s Operating Agreement).

  • Each reference in this section Subscription and Sale to the "Notes" means with respect to the Class A Managers, the Class A Notes and with respect to the Class B, C, D, E and F Manager, the Subordinated Notes and the Class F Notes.

  • Xxxxxxx and Xxxxxxx to CEP’s board of managers (the “Board”) as Class A Managers and removes Messrs.

  • Xxxxxxx and Xxxxxxxxx as CEP’s current Class A Managers therefrom, (b) rescinds the Units issued by CEP to SEPI in the Xxxxxxx Transaction, and (c) determines that CEPM has sole voting power with respect to the outstanding CEP Class A Units; (2) a determination that Defendants have breached certain fiduciary and contractual duties and Defendants are not entitled to indemnification from CEP; and (3) an award of monetary damages.

  • With respect to any matter before the Board, the act of a majority of the Class A Managers constituting a quorum shall be the act of the Board.

  • Except as otherwise required by this Agreement (including, without limitation, 6.01(c)(ii)), the vote of the majority of the Class A Managers present at a meeting at which a quorum is present shall be the act of the Management Committee.

  • The Selling Parties hereby agree to cooperate with Buyer if requested in connection with removing or procuring the resignation of the Class A Managers from all of their positions with the Company and its subsidiaries and appointing designees of Buyer as the Class A Managers, in each case effective as of the Closing Date.

  • The share options typically vest as to 25% on the date of the grant and 12.5% every three months thereafter for a total vesting period of 18 months.

  • Under the Transaction, the RGIH Board of Managers will be comprised of Class A Managers, appointed by NextDecade LNG, and Class B Managers, appointed by GIP, Devonshire, TotalEnergies, and MIC, in proportion to their respective direct or indirect interests in RGIH.


More Definitions of Class A Managers

Class A Managers mean the Managers elected by the holders of the Class A Units and references herein to the “Class B Managers” means the Managers elected by the holders of the Class B Units.
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Class A Managers or "Class B Managers" as set forth in Section 2.01.
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Class A Managers means the members of the Board of
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Class A Managers and "Class B Managers" when used in reference to members of the Board of Managers shall have the meanings set forth in Section 6.1(a) hereof.
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Class A Managers means the managers of the Company, or a Subsidiary, designated as Class A Managers by the Chief Executive Officer.
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Class A Managers means the members of the Board of Managers selected by the holders of the Class A Units.
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Related to Class A Managers

  • Class A Members means those Members who have purchased Class A Interests.

  • Class A operator means an individual who has primary responsibility to operate and maintain the underground storage tank system in accordance with applicable requirements established by the department. The class A operator typically manages resources and personnel, such as establishing work assignments, to achieve and maintain compliance with regulatory requirements.

  • Class B Members means all such Persons.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Class B operator means the individual who has day-to-day responsibility for implementing applicable regulatory requirements established by the department. The Class B operator typically implements in-field aspects of operation, maintenance, and associated record keeping for the UST systems.

  • Class A-2 Noteholders means the Class A-2a Noteholders and the Class A-2b Noteholders.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • 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.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Class A Percentage Interest means, as of any date, the percentage determined by dividing the number of Class A Units then held by a holder of Class A Units by the total number of Class A Units then outstanding.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Class A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.

  • Class A-S Component The Component having such designation.

  • Class B Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Class B Noteholders Distribution Amount” means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class A Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class A note interest rates for the related accrual period on the aggregate outstanding principal balances of all classes of class A notes on the immediately preceding distribution date, after giving effect to all principal distributions to class A noteholders on that preceding distribution date; and • the Class A Note Interest Shortfall for that distribution date.

  • Class C Noteholders means the holders of any Class C Notes from time to time.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.