Class B-1 Units definition

Class B-1 Units means a Partnership Interest representing a fractional part of the Partnership Interests of all Limited Partners, and having the rights and obligations specified with respect to Class B-1 Units in this Agreement.
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Class B-1 Units has the meaning assigned to such term in Section 5.13(b).
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Class B-1 Units has the meaning set forth in Section 3.2(a).
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Examples of Class B-1 Units in a sentence

  • Notwithstanding anything to the contrary in this Agreement, any Units issued to CORR subsequent to the date hereof shall be Class B-1 Units, and any Units acquired by CORR or any Affiliate of CORR from any ▇▇▇▇▇ Member, shall automatically be converted to a Class B-1 Unit.

  • For the avoidance of doubt, (A) the Class B-1 Units will be entitled to distributions of Available Cash with respect to the Quarter ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇) the Class B-2 Units will be entitled to distributions of Available Cash with respect to the Quarter ending March 31, 2022 and (C) the Class B-3 Units will be entitled to distributions of Available Cash with respect to the quarter ending March 31, 2023.

  • This Agreement shall apply to the Class A Units, Class B Units or Class B1 Units held by the Corporation, SunEdison and SunEdison’s Permitted Transferees as of the date hereof, as well as any Class A Units, Class B Units and Class B1 Units hereafter acquired by the Corporation, SunEdison or any of SunEdison’s Permitted Transferees.

  • In connection with determining that an Additional Call Amount is necessary, the CORR Managers shall (A) issue Class B-1 Units (the “Additional Call Units”) to the Capital Members in the event such Capital Members actually fund Capital Contributions in respect of such Additional Call Amount (the “Contributing Members”) and (B) determine the Fair Market Value of each Class B-1 Unit of such Additional Call Units (the “Additional Call Unit FMV”).

  • The Target Distributions, arrearages with respect to Class A Units and Class B1 Units shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Membership Interests.


More Definitions of Class B-1 Units

Class B-1 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 B-1 Units in this Agreement.
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Class B-1 Units means the Units of the Company designated as the “Class B-1 Units” herein and having the rights, powers and duties pertaining thereto as are set forth in this Agreement.
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Class B-1 Units has the meaning given to such term in the Fourth Amended and Restated LLC Agreement.
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Class B-1 Units is defined in the LLC Agreement.
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Class B-1 Units means units of Investment’s class of capital interests known as Class B-1 units.
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Class B-1 Units has the meaning set forth in the Recitals.
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Class B-1 Units means the Class B-1 limited liability company interests of Alight Holdings following the Business Combination, having the rights and privileges as set forth in the Alight Holdings Operating Agreement, and which are restricted subject to vesting and will vest and automatically convert into an equivalent number of Class A Units upon the occurrence of a Class B-1 Vesting Event, in accordance with the terms and conditions set forth in the Alight Holdings Operating Agreement.
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