Examples of Class B Common Interests in a sentence
These Annual Incentive Shares are allocated among the Members (as defined in the LLC Agreement) holding Class B Common Interests (such Members, the “Class B Members”) based on each Class B Member’s contribution to the volume of the Exchange relative to such Class B Member’s Individual Target (as defined in the Members Agreement).
This adjustment is based on pre-tax loss since income tax consequences associated with any loss allocated to the Clearwire Communications Class B Common Interests will be incurred directly by Sprint and the Investors (other than Google and CW Investment Holdings LLC).
Further, to the extent that all of the Clearwire Communications Class B Common Interests and Clearwire Class B Common Stock are converted to Clearwire Class A Common Stock on a pro forma basis, the partnership structure is assumed to no longer exist and Clearwire would be required to recognize a tax charge related to indefinite lived intangible assets.
Represents the allocation of a portion of the pro forma combined net loss to the non-controlling interests in consolidated subsidiaries based on Sprint’s and the Investors’ (other than Google) ownership of the Clearwire Communications Class B Common Interests upon Closing of the Transactions and reflects the contribution by CW Investment Holdings LLC and the Investors at $17.00 per share following the post-closing adjustment.
The obligations of Supplier to Buyer, including, without limitation, warranty and indemnification obligations for Goods, the service and replacement part provisions, and the transition support provisions, shall survive termination or expiration of the Order, except as otherwise provided in the Order.
The LLC Agreement designates two types of Member, Class A Member and Class B Member, and the different classes of Members hold corresponding classes of Interests, i.e., Class A Common Interests and Class B Common Interests.
The Company shall have two (2) classes of Common Interests, which shall be Class A Common Interests and Class B Common Interests, and one (1) class of Preferred Interest, which will be for the purpose of accounting for the Company’s investments and for allocations of net profit, net loss and items thereof with respect to capital invested on or after the date hereof.
In addition, to the extent permitted by applicable Law, the Company may pay the purchase price for any Class B Common Interests acquired hereunder by offsetting any bona fide debts owed by the Member to the Company that have been reduced to judgment in accordance with Article XV.
The applicable exchange rate is 666.67 shares of Class A Common Stock (or Class B Common Stock and Class B Common Interests) per $1,000 principal, equivalent to an exchange price of approximately $1.50 per share.
In addition, notwithstanding anything herein to the contrary and subject to Section 11.3, no Transfers of Class B Common Interests shall be permitted to a Specified Entity; provided that for the avoidance of doubt and subject to Section 11.4(c), Class B Common Interests may be Transferred to a Specified Entity if such Transfer is a Permitted Transfer.