Founders Interests definition
Founders Interests means those interest held by Founders and shall bear a Preferred Return of eight (8%) percent. Preferred Return shall commence accumulation three (3) months AFTER contribution of capital, whether an Initial Capital Contribution or reinvestment of distributions. For the Founder Members, the first years’ returns will only yield approximately 6% annualized, not including NAV adjustments.
Founders Interests means any equity interests in the Company or a successor entity which were received by Stockholders in respect of membership interests in Nextera which membership interests were received by Stockholders other than KE's assignors upon the liquidation and dissolution of Nextera Enterprises Holdings, L.L.C., a Delaware limited liability company, and in the case of Gres▇▇▇ ▇. B▇▇▇▇▇▇, ▇▇., ▇▇na▇▇ ▇▇▇▇▇▇, ▇▇ch▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇br▇ ▇▇▇▇▇▇▇▇▇, ▇▇vi▇ ▇▇▇▇▇▇, ▇▇d Beld▇▇ ▇▇▇▇▇▇ ▇▇▇ludes the Class A and Class B Common Units purchased pursuant to Section 9 of the First Amendment to the Nextera Operating Agreement". Founders' Interests do not include any equity interests owned by Sibson Persons (as defined in Section 6.2 below).
Founders Interests means a unit received under the Offering designated as a Founders Interests, which are the first 5,000 units acquired at $1,000 per unit. The Managing Member, in its sole discretion, may issue partial Founders Interests.
Examples of Founders Interests in a sentence
All Members holding Founders Interests and Class A Interests shall have equal rights other than the rate of their respective Preferred Return.