Class B Units definition

Class B Units means the Class B Units of the Company.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Class B Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to “Class B Units” in this Agreement.

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

Examples of Class B Units in a sentence

The Class A Nonvoting Units and the Class B Units shall be non-voting Units and the Class A Nonvoting Members and the Class B Members shall not have any rights to vote on any matters other than as expressly provided otherwise in this Agreement.
Earn-out securities comprised of 3.3 million Class A Shares, 7.1 million shares of Class B Common Stock and 7.1 million Class B Units (each one Class B share paired with one Class B Unit) issuable (or, in the case of the CGC Sponsor LLC, released from forfeiture; 754,968 outstanding Class A Shares remain subject to performance targets) upon achievement of vesting conditions.
The names and addresses of the Members, the Initial Capital Contributions and other Capital Contributions of the Members and Units held by the Members (including specifying whether such Units are Class A Voting Units, Class A Nonvoting Units, Class B Units or any other type of Unit) shall be set forth in the books and records maintained by the Company.
All Members consent to the making of any election by the Company necessary to cause the Class B Units to be treated as profits interests and to take such actions and make such elections as may be required or permitted under such in order for the Class B Units to be so treated.
Upon the issuance of Class B Units to a Class B Member, and at the time that any portion of such Class B Member’s Class B Units vests pursuant to the terms of this Agreement or an applicable Employee-Related Agreement, or otherwise, neither the Company nor any of its Members will deduct any amount (as wages, compensation or otherwise) for U.S. federal income tax purposes.

More Definitions of Class B Units

Class B Units has the meaning set forth in the LLC Agreement.

Class B Units has the meaning set forth in the recitals.

Class B Units. The term "Class B Units" means the Class B Units of Dairy Holdings.

Class B Units means each Class B unit consisting of (a) one Pre-Funded Warrant to initially purchase one Pre-Funded Warrant Share, and (b) one Series A Warrant to purchase one (1) Series A Warrant Share(s).

Class B Units means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners, and having the rights and obligations specified with respect to Class B Units in this Agreement.

Class B Units has the meaning set forth in the Partnership Agreement.

Class B Units means the Class B Units authorized pursuant to the Partnership Agreement.