Class B Interests definition

Class B Interests. As set forth in the Trust Agreement.

Class B Interests means Class B Profits Interests (as such term was defined in the Initial LLC Agreement), all of which have been reclassified into Common Units pursuant to the Reorganization Agreement and this Agreement.

Class B Interests has the meaning set forth in Section 3.4(a).

Examples of Class B Interests in a sentence

• The Class B Interests and Class A Interest shall each have only those rights and obligations attributable to such Membership Interests as expressly set forth in this Agreement.

• In the event of distribution, no Preferred Return shall apply to Non-Core Revenue and distributions shall be 70% to Class A Members in proportion to their respective Class A Interests and 30% to Class B Members in proportion to their respective Class B Interests.

• On receipt of Capital Contributions pursuant to each Capital Call, the General Partner shall cause the Partnership to issue to each Limited Partner making such Capital Contribution that number of Class A Interests, Class B Interests and Class C Interests as determined pursuant to Section 3.1 by dividing such Limited Partner’s Capital Contribution by the Partnership Interest Price as of the date of receipt of such Capital Contribution.

• Name Class A Interests A-1 Warrants to Purchase Class A Interests A-2 Warrants to Purchase Class A Interests Class B Interests Warrants to Purchase Class B Interests Class C Interests ABC Investments, Inc.1 (TSG) The XYZ Group2 (VIP) Value Investing Partners, LLC2 Mozart Capital Partners II Limited Partnership3 Industrial Cleaning Specialists, Inc.

• Notwithstanding anything herein to the contrary, none of the Class A Interests, the Class B Interests nor the Class C Interests shall be deemed to be Preferred Interests for purposes of this Agreement, and any such Partnership Interests may be issued in accordance with the terms of this Agreement without approval of the Advisory Committee or the Consent of any Fund Investors.

More Definitions of Class B Interests

Class B Interests has the meaning set forth in the Recitals.

Class B Interests refers to the membership interests of the Class B Members in the Company, including all Percentage Interests, Financial Rights and Membership Rights applicable thereto, if any.

Class B Interests shall have the meaning set forth in Section 1.5(c).

Class B Interests means the Class B member interests in the General Partner.

Class B Interests means the Interests in the Partnership having the rights and obligations set forth in this Agreement with respect to Class B Interests and issued pursuant to Sections 3.02 and 4.07, as set forth on Exhibit A hereto.

Class B Interests shall have the meaning set forth in the recitals hereto.

Class B Interests means the Class B-1 Interests and Class B-2 Interests of the Company as defined and otherwise described in the LLC Agreement.