Examples of NEP Class B Parties in a sentence
Notwithstanding any other provision of this Agreement, NEP Class B Parties shall have no right to vote any Class B Units held by them on any matter.
Subject to Section 7.08(d), if, on any Distribution Date, NEP Class B Parties hold Class B Units, each such Person shall be entitled to receive its proportionate share of all distributions made to holders of Class B Units pursuant to this Section 5.01 in accordance with its Class B Percentage Interest in effect as of such Distribution Date.
No Class B Unit acquired by NEP Member (or its assignee) pursuant to this Section 7.01(c) shall be subject to the limitation on amounts distributable to NEP Class B Parties pursuant to Section 7.08(d), and each such Class B Unit shall be eligible to receive distributions pursuant to Section 5.01(d) in accordance with Section 7.08(d), without regard to such limitation.
Other Class B Party means, as of any date, any holder of Class B Units on such date other than the NEP Class B Other Class B Party Percentage means, as of any date, the percentage determined by dividing the number of Class BUnits held by any individual Other Class B Party on such date by the total number of Class B Units held by all NEP Class B Parties and all Other Class B Parties as of such date.
No Class B Unit Disposed of by Investor to a purchaser pursuant to this Section 7.01(d) shall following such Disposition be entitled to receive a pro rata share of a portion of the distributions that otherwise would be paid to the NEP Class B Parties that the Other Class B Parties are entitled to receive as provided for in the proviso in Section 7.08(d).
European countries and Japan deriving more economic benefit from their R&D expenditures.6 Congress responded by taking a number of actions including passing the Stevenson-Wydler Technology Innovation Act of 1980 (P.L. 96-480), the Patent and Trademark Act Amendments of 1980 (known as the Bayh-Dole Act, P.L. 96-517), the Federal Technology Transfer Act (P.L. 99-502), the National Cooperative Research Act (P.L. 98-462), and the Omnibus Trade and Competitiveness Act of 1988 (P.L. 100-418).
No Class B Unit acquired by NEP Member (or its assignee) pursuant to this Section 7.01(c) shall be subject to the limitation on amounts distributable to NEP Class B Parties pursuant to Section 5.01(d), and each such Class B Unit shall be eligible to receive distributions pursuant to Section 5.01(d), without regard to such limitation.
Notwithstanding any other provision of this Article 7, any Disposition of Class B Units by or with respect to any Class B Member or other direct or indirect holder of Class B Units (other than NEP Class B Parties) may be effected only if such Class B Member or other holder of Class B Units Disposes of Class B Units constituting a Proportionate Class B Allocation of such Class B Member’s or other holder’s Class B Units in accordance with the other requirements of this Section 7.01.
Class B COC Notice has the meaning assigned that term in Section 7.04(b).Class B COC Option has the meaning assigned that term in Section 7.04(a).Class B COC Purchase Price has the meaning assigned that term in Section 7.04(a).Class B Excluded Party means, with respect to holders of Class B Units (other than NEP Class B Parties), (a) any Person listed on Schedule 1.A hereto, and (b) any Sanctioned Person.