Class C Preferred Units definition

Class C Preferred Units means Units having the rights and obligations of Class C Preferred Units set forth in the LLC Agreement.

Class C Preferred Units has the meaning set forth in the LLC Agreement.

Class C Preferred Units means, collectively, the Class C-1 Preferred Units, the Class C-2 Preferred Units and the Class C-3 Preferred Units.

Examples of Class C Preferred Units in a sentence

• By executing this Agreement, Management Stockholder further represents that Management Stockholder does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participation to such person or to any third person, with respect to any of the Common Units or Class C Preferred Units.

• Management Stockholder acknowledges that the Common Units and Class C Preferred Units have not been registered under the Securities Act, are deemed to constitute "restricted securities" under Rule 701 and Rule 144 promulgated under the Securities Act and must be held indefinitely unless they are subsequently registered under the Securities Act and qualified under any applicable state securities laws or an exemption from such registration and qualification is available.

• Management Stockholder hereby irrevocably constitutes and appoints the Escrow Agent as Management Stockholder's attorney-in-fact and agent for the term of the escrow arrangement created hereunder to execute with respect to such Common Units or Class C Preferred Units all documents necessary or appropriate to make such Common Units or Class C Preferred Units negotiable and to complete any transaction herein contemplated.

• The Delaware Limited Liability Company Act shall govern all issues concerning the relative rights of the Company and the holders of its Common Units and Class C Preferred Units.

• Management Stockholder further acknowledges that in the event all of the applicable requirements of Rule 144 are not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption will be required in order to resell the Common Units or Class C Preferred Units.

More Definitions of Class C Preferred Units

Class C Preferred Units means the interests in the Partnership received by the Wholly-Owned LP Trust in exchange for the additional capital contribution described in Section 4.7 of this Agreement.

Class C Preferred Units has the meaning set forth in the Third A&R Agreement.

Class C Preferred Units means, collectively, the Class C-1 Preferred Units, the Class C-2 Preferred Units and the Class C-3 Preferred Units. “Class C-1 Original Issue Price” has the meaning set forth on Schedule 1.1(A).

Class C Preferred Units has the meaning given to such term in the Partnership Agreement.

Class C Preferred Units has the meaning given to such term in the Seller Operating Agreement.

Class C Preferred Units shall have the meaning set forth in the Operating Agreement.

Class C Preferred Units means the Class C Preferred Units of the Partnership having the terms, including the redemption right, set forth in Schedule 7.5(a), to be issued by the Partnership to SCG pursuant to this Agreement.