Class C Voting Units definition

Class C Voting Units. The Members shall have no right to vote on any matter, except as specifically set forth in this Agreement, or as may be required under the Delaware Act. Any such vote shall be at a meeting of the Members entitled to vote or in writing as provided herein.

Class C Voting Units means the limited liability company interests described in Section 3.1(a)(iii) and having the rights and preferences specified herein.

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

Examples of Class C Voting Units in a sentence

• Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Common Units, Class B Voting Units, Class C Voting Units, and Units of any other class or series that may be established in accordance with this Agreement.

• No Person may be admitted to the Company as an additional Managing Member or substitute Managing Member without the prior approval of the Members holding a majority of then-outstanding votes of Class B Voting Units and Class C Voting Units, voting together as a single class.

• Upon direction of the Minister, the person taking the action must ensure that an independent audit of compliance with the conditions of approval is conducted and a report submitted t the Minister.

• Simultaneously with contributions by former holders of PI Units, the Founder Members will contribute all of their Class B Voting Units to PubCo in exchange for an equal number of shares of Class B Common Stock, and the TSG Members will contribute all of their Class C Voting Units to PubCo in exchange for an equal number of shares of Class C Common Stock.

• The Managing Member shall be designated or may be removed by the Members holding a majority of then-outstanding votes of Class B Voting Units and Class C Voting Units, voting together as a single class.

• The Class C Voting Units shall be entitled to three (3) votes per Class C Voting Unit with respect to any designation of the Managing Member pursuant to Section 5.3, designation of an additional Managing Member or substitute Managing Member pursuant to Section 10.3, or as otherwise required by law, and shall not otherwise be entitled to any rights, privileges or obligations under this Agreement.

• By: /s/ Xxxxxx Xxxxxxxxxxx Name: Xxxxxx Xxxxxxxxxxx Title: General Counsel Number & Type of Subject Bakkt Opco Units: 400,000,000 Class A Voting Units 115,000,000 Class B Voting Units 237,327,456 Class C Voting Units Address for Notices: Intercontinental Exchange Holdings, Inc.

• The Managing Member shall be designated or may be removed by the Members holding a majority of then-outstanding votes of Class B Voting Units and Class C Voting Units, voting together as a class.

• The Class C Voting Units shall be entitled to three (3) votes per Class C Voting Unit with respect to any designation of the Managing Member pursuant to Section5.3, designation of an additional Managing Member or substitute Managing Member pursuant to Section 10.3, or as otherwise required by law, and shall not otherwise be entitled to any rights, privileges or obligations under this Agreement.

• Enter sequential training period designators; i.e., PTT-1, CPT-3, etc.

More Definitions of Class C Voting Units

Class C Voting Units means the limited liability company interests described in Section 3.1(a)(iii) and having the rights and preferences specified herein. “Class D Common Stock” means the Class D common stock, par value $0.00001 per share of PubCo.

Class C Voting Units means Class C Voting Units of Dutch Bros OpCo, as defined in the Third LLC Agreement.

Class C Voting Units means the limited liability company interests described in Section 3.1(a)(iii) and having the rights and preferences specified herein. “Class D Common Stock” means the Class D common stock, par value $0.00001 per share of PubCo. “Code” means the United States Internal Revenue Code of 1986, as amended. “Commission” means the U.S. Securities and Exchange Commission, including any Governmental Entity succeeding to the functions thereof. “Common Units” shall mean the issued and outstanding Common Unit pursuant to the Pre-IPO Agreement. “Company” has the definition set forth in the Recitals. “Company Minimum Gain” has the meaning ascribed to the term “partnership minimum gain” set forth in Treasury Regulations Sections 1.704-2(b)(2) and 1.704-2(d). “Control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. “Credit Agreements” means any promissory note, mortgage, loan agreement, indenture or similar instrument or agreement to which the Company or any of its Subsidiaries is or becomes a borrower, as such instruments or agreements may be amended, restated, supplemented or otherwise modified from time to time and including any one or more refinancing or replacements thereof, in whole or in part, with any other debt facility or debt obligation, for as long as the payee or creditor to whom the Company or any of its Subsidiaries owes such obligation is not an Affiliate of the Company. “Decoupled Unit” has the definition set forth in the Recitals. “Delaware Act” means the Delaware Limited Liability Company Act, 6 Del. C. § 18 101, et seq., as it may be amended from time to time, and any successor to the Delaware Act. “DGCL” means the General Corporation Law of the State of Delaware. “Distribution” means each distribution made by the Company to a Member, whether in cash, property or securities of the Company and whether by liquidating distribution or otherwise;