Common Bits definition

Common Bits means any Bits of the Company that are not Preferred Bits.
Sample 1Sample 2Sample 3

Examples of Common Bits in a sentence

  • Generally, matters to be voted on by our Bitholders must be approved by a majority of the votes cast by all Common Bits present in person or represented by proxy, although the vote to remove the Manager for “cause” requires a two-thirds vote.

  • While we intend that Building Bits Properties I, LLC will hold a diverse portfolio of real estate assets, investors will only hold Common Bits bearing Bit Designations covering specific assets, and would need to acquire Common Bits of various Bit Designations if they wished to diversify their portfolio.

  • Our operating agreement provides that our Manager has the exclusive power to adopt, alter or repeal any provision of the operating agreement, unless such amendment would adversely change the rights of the Common Bits.

  • Our Common Bits are generally freely transferable by our Bitholders subject to any restrictions imposed by applicable securities laws or regulations, and our operating agreement.

  • Fiduciaries of any such plans should consult with their counsel and advisors before deciding to invest in our Common Bits.

  • Our Manager also has the authority to make all of the decisions regarding which assets we intend to acquire and the creation of classes of our Common Bits to finance each acquisition.Results of OperationsWe were formed on February 24, 2017 and, as of the date of this offering circular, we have not commenced operations.

  • We could issue a class or series of preferred Bits that could, depending on the terms of the class or series, impede or discourage an acquisition attempt or other transaction that some, or a majority, of holders of Common Bits might believe to be in their best interests or in which holders of Common Bits might receive a premium for their Common Bits.

  • Before investing in the Company’s Common Bits, investors should carefully read this entire offering circular, including the Company’s financial statements and related notes.

  • Even if our affiliates did have such prior experience, that experience would not be indicative of our future performance.Investors purchasing our Common Bits will not be purchasing a diversified portfolio of real estate assets.Investors will be purchasing Common Bits bearing Bit Designations that are tied to the performance of specific real estate assets.

  • Although these materials will not contain information in conflict with the information provided by this offering circular and will be prepared with a view to presenting a balanced discussion of risk and reward with respect to our Common Bits, these materials will not give a complete understanding of this offering, us or our Common Bits and are not to be considered part of this offering circular.

Related to Common Bits

  • common portal means the common goods and services tax electronic portal referred to in section 146;

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • Common Carrier means any land, sea, and/or air conveyance operating under a valid license for the transportation of passengers for hire.

  • Exchange Message Interface or "EMI" means the format used for exchange of Telecommunications message information among Telecommunications Carriers. It is referenced in the Alliance for Telecommunications Industry Solutions (ATIS) document that defines industry guidelines for the exchange of message records.

  • Existing Common Stock means shares of common stock of Delphi that are authorized, issued, and outstanding prior to the Effective Date.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Voting Parity Stock means, with regard to any matter as to which the holders of Designated Preferred Stock are entitled to vote as specified in Sections 7(a) and 7(b) of these Standard Provisions that form a part of the Certificate of Designations, any and all series of Parity Stock upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Common parent, as used in this provision, means that corporate entity that owns or controls an affiliated group

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

  • Series A Parity Securities means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests or distributions upon liquidation of the Partnership, ranks pari passu with (but not senior to) the Series A Preferred Units.

  • Common elements means all portions of the condominium other than the units.

  • Common stack means a single flue through which emissions from two or more units are exhausted.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Common Facilities means the facilities under D.G.sets/D.G.rooms, water storage tanks its pumping and supply system, sewerage & drainage systems, electric sub-station/ transformers/electric panels/distribution network, maintenance service rooms, lawns including lighting & services etc., roads, pathways & driveways including street lighting & services etc., guard posts, fire hydrants & fire fighting system etc. and all such facilities and areas for common use and excluded from the computation of Super Area of the Said Premises;

  • Continuous parameter monitoring system (CPMS means all of the equipment necessary to meet the data acquisition and availability requirements of the Prevention of Significant Deterioration program, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, O2 or CO2 concentrations), and to record average operational parameter value(s) on a continuous basis.

  • Common Channel Signaling (CCS means an out-of-band, packet-switched, signaling network used to transport supervision signals, control signals, and data messages. It is a special network, fully separate from the transmission path of the public switched network. Unless otherwise agreed by the Parties, the CCS protocol used by the Parties shall be SS7.

  • Parity Securities has the meaning specified therefor in Section 2.02(b) of this Agreement.

  • Common Channel Signaling (“CCS”) is a method of digitally transmitting call set-up and network control data over a digital signaling network fully separate from the public switched telephone network that carries the actual call.

  • Competitive Local Exchange Carrier (CLEC) means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Common Issue means: Did the Settling Defendants conspire to fix, raise, maintain, stabilize, control, or enhance unreasonably the prices of currency purchased in the FX Market?

  • Preferred Stock Equivalents shall have the meaning set forth in Section 11(b) hereof.

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Record system means any group of records under the control of the division from which a record may be retrieved by a personal identifier such as the name of an individual, number, symbol, or other unique retriever assigned to an individual.

  • Voting Common Stock means the voting common stock, par value $0.01 per share, of the Company.