Class B Member definition

Class B Member means a Member holding one or more Class B Ordinary Shares.
Class B Member means a Member holding Class B Units.
Class B Member means a holder of a Class B Membership Interest.

Examples of Class B Member in a sentence

  • On a show of hands, every Class A Member shall have one vote for each Class A Share he holds and every Class B Member shall have twenty votes for each Class B Share he holds.

  • On a poll an Class A Member shall have one vote for each Class A Share he holds and a Class B Member shall have twenty votes for each Class B Share he holds.


More Definitions of Class B Member

Class B Member means a holder of Class B Units as relates to the ownership of such Units, executing this Agreement as a Class B Member or hereafter admitted to the Company as a Class B Member as provided in this Agreement, but does not include any Person who has ceased to be a Member.
Class B Member means a Person designated as a Class B member of the Company pursuant to the terms of the operating agreement of the Company.
Class B Member means each Person admitted to the Company as a Member and who holds Class B Units, and any other Person admitted as an additional or substitute Member and who holds Class B Units, so long as such Person holds Class B Units together with any Permitted Transferees thereof. If a Class B Member holds different classes of Units, then such Class B Member shall be treated as a Class B Member only with respect to its Class B Units.
Class B Member has the meaning set forth in the Preamble.
Class B Member means the Person designated as a Class B Member on Exhibit "A" attached hereto, and any Person who is admitted as a Class B Member in accordance with this Agreement.
Class B Member means any Class B Member of National Rural as described in National Rural’s Bylaws currently in effect.
Class B Member means any Class B Member of the Borrower as described in the Borrower’s Bylaws as of the date hereof.