Class II Interest definition

Class II Interest means, with respect to any Covered Person, such Covered Person’s “Class II Interest” as defined in the Operating Agreement.
Sample 1Sample 2Sample 3
Class II Interest means, with respect to any Covered Person, such Covered Person's "Class II Interest" as defined in the Operating Agreement.
Sample 1Sample 2
Class II Interest as defined in the Operating Agreement.
Sample 1

Examples of Class II Interest in a sentence

  • In the event of an exchange of a Class II Interest in LAZ-MD Holdings LLC, LAZ-MD Holdings LLC will generally redeem such Class II Interest in exchange for a portion of its Common Interest in Lazard Group LLC, which will in turn be exchanged with Lazard Ltd for shares of Class A Common Stock in Lazard Ltd.

  • Notwithstanding anything herein to the contrary, neither the portion of any LAZ-MD Class II Interest consisting of "Class II Exchangeable Units" nor any "Dormant Class II Interest" (each as defined in the LAZ-MD Operating Agreement) shall be exchangeable for Lazard Group Common Interests held by LAZ-MD or for Lazard Ltd Common Stock.


More Definitions of Class II Interest

Class II Interest as defined in the LAZ-MD Operating Agreement.
Sample 1

Related to Class II Interest

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class I X" on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Regular interest A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code.

  • Class II vehicles constructed principally for the carriage of seated passengers, and designed to allow the carriage of standing passengers in the gangway and/or in an area which does not exceed the space provided for two double seats;

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class A-L Regular Interests The Class A-1A-L, Class A-1B-L and Class A-1C-L Regular Interests.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.