Class B Units definition

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).

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

Examples of Class B Units in a sentence

• Except as otherwise required by non waivable provisions of Applicable Law or as provided herein, only Class A Units shall be entitled to vote on any matter involving the Company or its Subsidiaries, including any matter presented to the Members for approval, and the Class B Units shall not be entitled to vote on any matter involving the Company or its Subsidiaries.

• The Company shall initially have two authorized types of Units, consisting of Class A Units and Class B Units.

• The Board may, in its sole discretion issue any authorized but unissued Class A Units or Class B Units to such Persons as it may from time to time determine.

• The Company is authorized to issue up to the following number of Units: (i) 2,000,000 Class A Units and (ii) 7,000,000 Class B Units.

• To the extent any Class A Units or Class B Units are forfeited, they may be reissued by the Board in its sole discretion following the consultation with the then-current Chief Executive Officer of the Company.

More Definitions of Class B Units

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

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. 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 has the meaning assigned that term in Section 4.01.