Other Class definition

Other Class means a Class other than Class A or Class B, designated by the Board under Section 3.2(a).
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Other Class has the meaning set out in Section 1.2(a).
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Examples of Other Class in a sentence

  • Members holding any Units of any Other Class shall have the right to elect or appoint Directors as provided in the designations governing the Class.

  • A Unitholder must hold the minimum number of Units of any Other Class, and meet the other requirements, if any, as stipulated in the designations governing the Other Class.

  • A delivery of such notice (which notice shall specify the number (or amount) of Units to be purchased by such Other Class A Member submitting such notice) by such Other Class A Member shall constitute a binding agreement of such Other Class A Member to purchase, at the price and on the terms and conditions specified in the Issuance Notice, the number (or amount) of Units specified in such Other Class A Member’s notice.

  • If, at the termination of such ten (10) Business Day period, any Other Class A Member shall not have exercised his or her rights to purchase any of such Other Class A Member’s Pro Rata Share of such Units, such Other Member shall be deemed to have waived all of its rights under this Section 7.10 with respect to, and only with respect to, the purchase of such Units.

  • Subject to Section 7.10(e) below, each Other Class A Member shall be entitled to purchase such Other Class A Member’s Pro Rata Share of the Units proposed to be issued at the price and on the other terms and conditions specified in the Issuance Notice.

  • At the consummation of such issuance, the Company will register the Units to be purchased by each Other Class A Member exercising preemptive rights pursuant to this Section 7.10 in the name of such Other Class A Member, against payment by such Other Class A Member of the purchase price for such Units.

  • If the economic terms of the Tag-Along Offer are changed in a manner that is beneficial to the Tag-Along Seller as compared to those set forth in the Tag-Along Notice, the Tag-Along Seller shall deliver a new Tag-Along Notice to each Other Class A Member setting forth the revised terms of the Tag-Along Offer, and the time periods in this Section 7.06 shall be calculated based upon the Other Class A Members’ receipt of such revised Tag-Along Notice.

  • The purchase price and terms for the Offered Class I Units purchased by the Other Class I Members shall be the price and terms set forth in the applicable Third Party Offer.

  • The Other Class I Members may, by agreement, allocate among themselves the right to acquire such part of the Offered Class I Units.

  • Such deemed offer and acceptance procedures described in the immediately preceding sentence shall be deemed to be repeated until either (x) all of the Offered Class I Units are accepted by the Other Class I Members or (y) no Other Class I Member desires to subscribe for more Offered Class I Units.

Related to Other Class

  • Senior Class means, with respect to the Class B Notes, the Class A Notes.

  • Junior Class of Certificates The Class of Subordinate Certificates outstanding as of the date of the repurchase of a Mortgage Loan pursuant to Section 4.07 herein that has the Lowest Priority.

  • Senior Class Debt has the meaning assigned to such term in Section 8.09.

  • Voting Classes means Classes 4 and 5.

  • Classes The Offered Certificates shall be issued with the following Class designations, interest rates and principal balances, subject in the aggregate to the variance referred to in Section 1(a)[and, as to any particular Class, to an upward or downward variance of up to [ ]%]: Principal Interest Class Purchase Class Balance Rate Price Percentage ----- ------- ---- ----------------