Investment Class B Units definition

Investment Class B Units means non-voting Units designated as Investment Class B Units by the Manager and issued by the Company to Persons in consideration for services provided to the Company. A Member whose ownership interest in the Company is represented by Investment Class B Units shall, with respect to such Investment Units, have the rights of an Investment Class Member.
Sample 1

Examples of Investment Class B Units in a sentence

  • During the year ended December 31, 2014 the Company issued 350,000 Investment Class B Units in exchange for services which were valued based on the fair value of the member units for $182,320 and recognized $53,652 in related taxes.

  • During the year ended December 31, 2014, we issued 350,000 Investment Class B Units in exchange for services with a fair value of $182,320 and related income taxes of $53,652.

  • During the year ended December 31, 2014 the Company issued 350,000 Investment Class B Units in exchange for services which were valued based on the fair value of the units for $182,320.

  • Service Member acknowledges that the provisions of this Section 9 constitute essential inducements to the Company entering into this Agreement and the Grant Agreement, paying Service Member the compensation stated in this Agreement and the Grant Agreement, granting the Investment Class B Units pursuant to the Grant Agreement, and admitting Service Member as a Member of the Company.

  • Upon the expulsion of an Investment Class B Member, such Investment Class B Member’s Membership Rights shall be terminated and, unless the Company redeems the disassociated Investment Class B Member’s Investment Class B Units, such Investment Class B Member shall be a mere Transferee with respect to its Economic Interest.

  • There shall be four (4) classes of Units which the Company may currently issue to Members as follows: Class A Common Units, Investment Class A Units, Investment Class B Units, Management Units.

Related to Investment Class B Units

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

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

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

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • 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.

  • Current Class B Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class B Certificates pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and twentieth of Section 4.01(a) on such Distribution Date.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Class B Initial Invested Amount means the sum of the aggregate initial principal amount of the Class B Certificates, which is $48,000,000 on the Closing Date, and the aggregate initial principal amount of any Additional Class B Certificates.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

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

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

  • Class B Members means all such Persons.

  • Class C Units shall have the meaning set forth in the preface.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Current Class A Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph first of Section 4.01(a) on such Distribution Date.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class B Common Shares means shares of the Class B Common Stock, par value $.01 per share, of the Company.