Class B Common Units definition
Class B Common Units has the meaning set forth in Section 1(a) hereof.
Class B Common Units means a Common Unit which is designated as a “Class B Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.
Class B Common Units means the Units designated as “Class B Common” Units pursuant to this Agreement.
Examples of Class B Common Units in a sentence
Subject to compliance with Section 4.12, the Company is hereby authorized to issue a class of Units designated as Class A Convertible Preferred Units, a class of Units designated as Class B Common Units (with two series, designated as Class B-1 Common Units and Class B-2 Common Units), and a class of Units designed as Class P Units.
In the event of a declaration of an extraordinary dividend payable in a form other than Class B Common Units in an amount that has a material effect on the value of Class B Common Units, a recapitalization, a spin-off or a similar occurrence, the Managing Member may make such adjustments as it, in its sole discretion, deems appropriate to the foregoing.
More Definitions of Class B Common Units
Class B Common Units has the meaning given such term in the LLC Agreement.
Class B Common Units means the Company's Class B Common Units (as such term is defined in the LLC Agreement).
Class B Common Units is defined in the Recitals.
Class B Common Units means the class B common units of the Company.
Class B Common Units is defined in the Operating Agreement.
Class B Common Units has the meaning assigned to it in the Amended Partnership Agreement.
Class B Common Units has the meaning specified in the Operating Agreement.