Class P Member definition

Class P Member includes Philxxxx, Xxilling Specialties, WesTTex 66 and PPIC, and any other Member to whom a Class P Member Transfers a Membership Interest in accordance with this Agreement; provided, however, that a Class P Member shall cease to be a Class P Member upon the Transfer of all of such Person's Membership Interest in accordance with this Agreement.
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Class P Member shall have the definition set forth in the Amended LLC Agreement.
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Class P Member means any Member that holds Class P Units, in such Member’s capacity as a holder of such Units.
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Examples of Class P Member in a sentence

  • The Percentage Interest of each Class P Member shall be equal to the product of (i) a fraction, the numerator of which is the credit balance in the Capital Account of such Class P Member as determined in accordance with Section 8.1(b) and the denominator of which is the sum of the credit balances in the Capital Accounts of all Class P Members determined as set forth in Section 8.1(b), and (ii) 50.


More Definitions of Class P Member

Class P Member means a Member holding a Class P Interest.
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Class P Member has the meaning set forth in the Company LLCA.
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Class P Member means a holder of Class P Units, including its, his or her permitted successors and assigns. As of the Effective Date, the Class P Members are set forth on Schedule 1 attached hereto.
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Related to Class P Member

  • Class C Member means a Member holding the Class C Ordinary Share.

  • 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 B Member means a Member holding one or more Class B Ordinary Shares.

  • Class B Members means any Persons to whom Class B Membership Units are issued, and any assignee or transferee of such Persons permitted under the terms of this Agreement, and any other Person admitted to the Company in the future as a Class B Member pursuant to the terms hereof. The names of the Class B Members, and the Percentage Interests allocated to each such Class B Member, shall be reflected in the books and records of the Company.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

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

  • Class A Members means those Members who have purchased Class A Interests.

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

  • Class P designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" 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-II Interest The uncertificated Residual Interest in REMIC II.

  • 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 C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

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

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

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

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Interests As set forth in the Trust Agreement.

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

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

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.