Class B Units definition

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

  • Class B Units shall be non-voting and will be eligible for a one-time 15% Preferred Return Percentage.

  • Class B Units have been issued by the Company to those investors who assumed an investment risk in the Company ahead of the Company achieving its mission to acquire control of Renoun at a Unit Price of $.90 as specified in Schedule II and who have signed a Class B Member Subscription Agreement.

  • The Company is authorized to issue up to 1,000 units designated as "Class A Units", 750,000 units designated as “Class A1 Units”, 333,335 units designated as "Class B Units", 2,000,000 units designated as "Class C Units”, and 3,000,000 units designated as "Class D Units", 2,000,000 units designated as "Class E Units", and 1,000,000 units designated as "Class E1 Units".

  • Profits associated with Class B Units will be subject to the Carried Interest Allocation payable to Class A Members set as 15% for Class B Members.

  • The Company issued to each Person listed on Schedule II the number of Class B Units set forth opposite such Person’s name on Schedule II.


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 UnitsThe term "Class B Units" means the Class B Units of Dairy Holdings.
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 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 has the meaning set forth in the Partnership Agreement.
Class B Units has the meaning assigned that term in Section 4.01.