Class B Interests. As set forth in the Trust Agreement.
Class B Interests shall have the meaning set forth in Section 3.1(a).
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.
Examples of Class B Interests in a sentence
For U.S. federal income tax purposes, the Parties agree to treat (x) the MT Closing Date Capital Contribution and the GE Closing Date Capital Contribution in exchange for Class A Interests and Class B Interests, respectively, pursuant to the A&R LLC Agreement as a tax-free transfer of property under Section 721(a) of the Code and (y) the Intellectual Property Agreement as licenses to the Company of their respective underlying Intellectual Property (the “Intended Tax Treatment”).
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 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 shall have the meaning set forth in Section 2.1(a).
Class B Interests means that portion of the Interests that represents the equity interests of certain Sellers in the Target with respect to the GWOG Properties, and the rights and obligations of which are set forth in the Target Operating Agreement.