Examples of Class B Units in a sentence
Regional hereby distributes to PECM in full redemption of the XxXxxxxx Interests the XxXxxxxx Class B Units.
The Company shall only be authorized to issue Common Units designated as Class A Units and Class B Units.
The Class B Units have the same rights and preferences, and are subject to the same duties and obligations as the Common Units, except as otherwise set forth in this Agreement.
The General Partner hereby designates and creates a class of senior subordinated Units to be designated as “Class B Units”, consisting of (i) the CEI Class B Units, (ii) the Purchaser Class B Units, (iii) the CTPL Class B Units and (iv) any other Class B Units contemplated to be issued by the Basic Documents, and fixes the designations, preferences, participation, optional or other special rights, powers and duties of holders of the Class B Units as set forth in this Section 5.12.
The CTPL Class B Units shall be issued to the CEI Holder in accordance with the CEI Subscription Agreement.