Class B-2 Unit definition

Class B-2 Unit means a Limited Partner Interest having the rights and obligations specified with respect to Class B-2 Units in this Agreement.

Class B-2 Unit means a Unit that is designated as such pursuant to Section 3.2.

Class B-2 Unit means a Unit having the rights and obligations -------------- specified with respect to "Class B-2 Units" in this Agreement.

Examples of Class B-2 Unit in a sentence

• Each Outstanding Class B-1 Unit and Class B-2 Unit shall automatically convert into a number of Common Units equal to the Conversion Number on the applicable Class B Conversion Date without any further action by the holders thereof.

• Units within Class B shall be further divided into two Sub-Classes designated as Class B-1 and Class B-2, and each Class B Unit shall be designated either a Class B-1 Unit or a Class B-2 Unit.

• Under certain circumstances set forth in the Partnership Agreement, a Class B2 Unit (as such term is defined in the Partnership Agreement, a “ Class B2 Unit”) may convert into or be exchanged for a Class B Unit (a “Full Vesting Event”).

• Each Class A Unit and each Class B-2 Unit shall carry one vote per Unit.

• Thus, a right tax structure in GST regime can provide the necessary fillip to drive the growth of this segment with cascading economic benefit.

More Definitions of Class B-2 Unit

Class B-2 Unit. A fractional interest in all the interest and rights of the Partnership attributable to the capital stock of Florida Equity Corp. equal to one thousandth of one percent of all such interest and rights.

Class B-2 Unit has the meaning ascribed to such term in the MWE Partnership Agreement.

Class B-2 Unit. Class B-3 Unit," -------------- -------------- -------------- "Class B-4 Unit," "Class B-5 Unit," "Class B-6 Unit," "Class B-7 Unit" and -------------- -------------- -------------- -------------- "Class B-8 Unit" (collectively, the "Class B Units") shall represent an -------------- ------------- Interest in the Company, shall be designated as a Class B Unit of the Company and shall be entitled to the Distributions provided for in Section 4.3(c)(i) hereof.

Class B-2 Unit means a limited liability company interest in the Company designated as a Class B-2 Unit.

Class B-2 Unit means a Partnership Unit issued by the Partnership pursuant to the Second Amendment to the Agreement, as modified by the Thirty-Sixth Amendment to the Agreement, and having the conversion and other rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption as are set forth in this Exhibit I.

Class B-2 Unit means a Class B Unit of the subclass to be issued to -------------- Avalon Cable Michigan.

Class B-2 Unit means a Class B-2 Unit as defined in the LLC Agreement.