Class B Preferred Member definition

Class B Preferred Member means any Member holding Class B Preferred Units.
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Class B Preferred Member means Sponsor initially (and for so long as Sponsor holds Class B Preferred Units), and any other Person hereafter admitted as a Member holding Class B Preferred Units.
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Class B Preferred Member or "CLASS B PREFERRED MEMBERS" has the meaning set forth in the Preamble.
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Examples of Class B Preferred Member in a sentence

  • Each Seller is a Class B Preferred Member of TXU Energy Company LLC, a Delaware limited liability company (the "Company"), and is a party to the Second Amended and Restated Limited Liability Company Agreement of the Company, dated as of July 1, 2003 (the "LLC Agreement").

  • Each Seller proposes to (i) sell, assign, and transfer its Class B Preferred Membership Interests to the Purchaser in accordance with the terms and subject to the conditions set forth in this Agreement and (ii) withdraw from the Company as a Class B Preferred Member.

  • The Purchaser proposes to (i) purchase, acquire, and accept each Seller's Class B Preferred Membership Interests in accordance with the terms and subject to the conditions set forth in this Agreement and (ii) be admitted to the Company as the substituted Class B Preferred Member.

  • Effective upon the Closing and the delivery by Purchaser of the Class B Joinder to the Secretary of the Company, pursuant to the terms of the LLC Agreement, Purchaser is hereby admitted to the Company as a substituted Class B Preferred Member in respect of the Class B Preferred Membership Interests of each Seller acquired hereunder and, immediately thereafter, each Seller hereby withdraws, and is withdrawn, from the Company as a Class B Preferred Member.

  • The Company shall cause to be delivered to each Class B Preferred Member and the DLJ VCOC Fund, so long as it directly or indirectly holds any Class B Preferred Membership Interest, financial statements, reports and notices referred to below.

  • Notwithstanding anything in the Guaranty to the contrary, for purposes of Section 8.01 of the Guaranty, the outstanding amount of this Progeny Facility shall equal the outstanding Contributed Capital of the Class B Preferred Member (each as defined in the PPH Company Agreement) plus the accrued and unpaid Class B Priority Return (as defined in the PPH Company Agreement) plus all other amounts then due and payable to the Class B Preferred Member.

  • The Company agrees and acknowledges that money damages may not be an adequate remedy for any breach of the provisions of this Certificate and that the Class B Preferred Member may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or deposit) for specific performance or other injunctive relief in order to enforce or prevent any violations of the provisions of this Certificate.

  • The failure of the Class B Preferred Member to assert any of its rights hereunder shall not constitute a waiver of any of such rights.

  • The Class B Preferred Member shall be entitled to enforce its rights under this Certificate specifically, to recover damages and costs (including reasonable attorneys' fees) caused by any breach of any provision of this Certificate and to exercise all other rights existing in its favor.

  • Except as otherwise provided in this Certificate, every covenant, term and provision of this Certificate shall be binding upon the Company and shall inure to the benefit of the Class B Preferred Member, the DLJ VCOC Fund and their distributees, heirs, legal representatives, executors, administrators, successors and permitted assigns and designees.


More Definitions of Class B Preferred Member

Class B Preferred Member means a Member that owns a Class B Preferred Interest.
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Class B Preferred Member and, together with the Common Member and the Class A Preferred Member, the “Members”), as the members of the Company (as defined herein).
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Class B Preferred Member has the meaning ascribed to such term in the preamble to this Agreement.
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Class B Preferred Member means any Person who has purchased or been granted Class B Preferred Membership Units and is listed as a Class B Preferred Member on Schedule A hereto, as such schedule may be amended from time to time, and any additional or substitute Class B Preferred Member admitted to the Company in accordance with the terms of this Agreement.
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Related to Class B Preferred Member

  • Preferred Member means a Member holding Preferred Units.

  • Class B Preferred Stock means the Class B Cumulative Convertible Preferred Stock, par value $0.01 per share, of the Previous General Partner.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class A Members means those Members who have purchased Class A Interests.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Class B Members means all such Persons.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Series C Preferred Units means the series of Partnership Units representing units of Limited Partnership Interest designated as the 8 5/8% Series C Cumulative Redeemable Preferred Units, with the designations, preferences and other rights set forth in Attachment C hereto.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Series B Preferred means the Corporation's Series B Convertible Preferred Stock, par value $.001 per share.

  • Class A Preferred Stock means the Company's Class A Convertible Preferred Stock, par value $.01 per share.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Series A Preferred means the Series A preferred stock, $.01 par value per share, of the Company.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.