Class B Common Member definition

Class B Common Member means any Member holding and to the extent it holds Class B Common Units.
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Class B Common Member means a Member owning Class B Common Membership Interests. The sole Class B Common Member as of the date hereof is ETR.
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Class B Common Member has the meaning set forth in Section 2.3(b)(ii).
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Examples of Class B Common Member in a sentence

  • Following a Transfer to a transferee who acquires a Membership Interest from a Class B Common Member under this Agreement by means of a Transfer that is permitted under this Section 11, but who is not admitted as a Class B Common Member, the transferor shall not cease to be a Class B Common Member of the Company and shall continue to be a Class B Common Member until such time as the transferee is admitted as a Class B Common Member under this Agreement.

  • In the event that any Class B Common Member transfers its Common Units to a Permitted Transferee who subsequently ceases to qualify as a Permitted Transferee, then such Permitted Transferee will Transfer its Units back to the Member from which it acquired such Units.

  • Any Class B Common Member or any of its Affiliates may contribute from time to time such additional cash or other property as it may determine; provided, however, that any Capital Contribution made by any Class B Common Member or any of its Affiliates pursuant to this Section 2.2 shall consist of Permitted Assets and the Company shall, after giving effect to the additional contribution, satisfy each of the Portfolio Requirements.

  • Subject to the conditions and restrictions set forth in Section 11.3 and Section 5.7, a Class B Common Member may Transfer all or any portion of its Class B Common Membership Interest to the Parent Company or any of its Affiliates.

  • The provisions of this Section 3.07 shall apply regardless of whether or not the Class B Common Member files an election pursuant to Section 83(b) of the Code.

  • Each Class B Common Member agrees to take into account such distributive share in computing its Federal income tax liability for the entire period during which it holds the Profits Interest.

  • Subject to the conditions and restrictions set forth in Section 11.3 and Section 5.7, a Class B Common Member may Transfer all or any portion of its Class B Common Membership Interest to Parent Company or any of its Affiliates.

  • The Employee Benefits Committee may establish rules relating to Direct Rollovers that are consistent with Section 401(a)(31) of the Code and the regulations thereunder.

  • The Company and each Member agree not to claim a deduction (as wages, compensation or otherwise) for the fair market value of such Profits Interest issued to a Class B Common Member, either at the time of grant of the Profits Interest or, if such Profits Interests are subject to vesting, at the time the Profits Interest becomes substantially vested.

  • Unless specifically set forth in this Agreement, the Class B Common Member shall have no other rights of the Members under this Agreement.


More Definitions of Class B Common Member

Class B Common Member means a Member that owns a Class B Common Interest,
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Class B Common Member means each Person admitted to the Company as a Class B Common Member whose name is set forth on Schedule II hereto as a Class B Common Member, and any other Person admitted as an additional or substitute Class B Common Member, so long as such Person remains a Class B Common Member.
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Class B Common Member means each owner of record of Class B Common Units as of immediately prior to the Effective Time, but solely in such owner's capacity as an owner of Class B Common Units.
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Related to Class B Common Member

  • Common Member means a Member holding Common Units.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

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

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

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Class A Common Units means the Company's Class A Common Units.

  • Class A Common means the Company's Class A Common Stock, par value $.01 per share.

  • Class B Members means all such Persons.

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

  • Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company.

  • Class B Common Shares means shares of the Class B Common Stock, par value $.01 per share, of the Company.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

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

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • non-member means a person (national or overseas) who is not a member of the Teaching Service e.g. new graduate, new overseas recruit, resigned teacher etc..

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

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

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

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

  • Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of the Company.

  • 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.

  • 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 B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.