If HH makes a distribution in kind to any HH Member, any action requiring the consent or vote of HH hereunder will require the consent of the holders of a majority of the Units held by the HH Members.
☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).
Class B Member means a Member holding one or more Class B Ordinary Shares.
Founding Member means any individual who is either:
Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.
Managing Member is defined in the recitals to this Agreement.