Class B Units definition

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.

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

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

Examples of Class B Units in a sentence

No holder of Class V Common Stock may transfer shares of Class V Common Stock to any person unless such holder transfers a corresponding number of Class B Units in accordance with the provisions of the OpCo A&R Operating Agreement.
No repurchases, redemptions or retirements of any Class V Common Stock that relate to outstanding Class B Units may be made except if such Class B Unit is concurrently repurchased, redeemed or otherwise retired under the terms of this Agreement (without limitation of the rights and obligations in Article XI).
Class B Units may be issued to Persons purchasing such Units in the Company.
With respect to Units surrendered in an Elective Exchange or subject to a Mandatory Exchange, the Manager shall have the right but not the obligation to have the Manager (in lieu of the Company) acquire Exchangeable Units and, if the applicable Exchangeable Units are Class B Units, an equal number of shares of Class V Common Stock held by the holder of those Class B Units, directly from an Exchangeable Unit Member for the elected Exchange Consideration.
No Exchange of Class B Units may be made without a concurrent delivery of an equal number of shares of Class V Common Stock.

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 shall have the meaning assigned to such term in the Company LLC Agreement.