Examples of Class B Memberships in a sentence
Except as otherwise expressly provided in this Certificate of Incorporation, the holders of Class B Memberships shall not be entitled to vote on any matter.
At the first meeting of the Association, the presence of Members or of proxies entitled to cast sixty percent (60%) of all the votes of each of the outstanding Class A and Class B Memberships shall constitute a quorum.
The term “Founder” means a person or entity that purchased the former Class A or Class B Memberships directly from the Exchange on or prior to August 1, 1998, but only with respect to his or its ownership of such memberships.
Following each such reinstatement of the Class B Memberships, and for so long thereafter as the Class B Memberships shall con- tinue to exist, the Developers, and the nominee or nominees, if any, of each of the Develop- ers, shall have all the rights and powers of Class B Membership, as herein prescribed.
Furthermore, NYBT Class B Full Members also would retain their trading privileges in the Citrus trading rights previously held by both Class A and Class B Memberships and identical governance rights.
Class B Memberships are held by the Tribal Councils and independent First Nations.
As defined in the New ISE Constitution, the term ‘‘Founder’’ means a person or entity that purchased the former Class A or Class B Memberships directly from the Exchange on or prior to August 1, 1998, but only with respect to his or its ownership of such memberships.
Class B Memberships in the Corporation (each a “Class B Membership” and the holder thereof, a “Class B Member”) shall represent the right to trade on and otherwise utilize the facilities of the Corporation in accordance with and to the extent permitted by this Certificate of Incorporation, the Bylaws and, to the extent not inconsistent with this Certificate of Incorporation, the Bylaws or the Rules.
Class B Memberships shall have no right to receive any dividend or other distribution (including upon liquidation, dissolution, winding-up or otherwise) to be declared, paid or distributed by the Corporation.
For purposes of Section D(2)(b)(1) of Article IV, the allocation of products that the holders of any Series of Class B Membership are permitted to trade on the exchange facilities of the Corporation shall be deemed to be adversely affected only if a product is eliminated from the allocation of products the holders of a particular Series of Class B Memberships are permitted to trade.