Series B LLC Units definition

Series B LLC Units means, as of any date, with respect to a Member, the number of Series B LLC Units of such Member as set forth on Schedule A hereto, as amended from time to time in accordance with the terms hereof, and as in effect on such date. Series B LLC Units shall have the rights and preferences set forth in this Agreement, but except where otherwise specified shall be treated as one class of LLC Units with the Series A LLC Units.
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Examples of Series B LLC Units in a sentence

  • At the Closing, each of the Investors shall deliver to the Company assignments duly executed by such Investor representing the respective number of Series B LLC Units held by such Investor, in exchange for the number of shares of Series B Preferred Stock as provided in this Section 2.01.

  • The Company is the Managing Member of Aston, and in such capacity fully understands, and has access to information regarding, the financial condition and results of operations, business and prospects of Aston, and has all information it considers necessary or appropriate for deciding whether to acquire the Series B LLC Units.

  • On the terms and subject to the conditions of this Agreement, at the Closing, the Company hereby agrees to issue to each of the Investors such numbers of shares of Series B Preferred Stock listed next to the name of such Investor on Schedule A hereto (based on an exchange ratio of 2.85714 shares of Series B Preferred Stock to one Series B LLC Unit) in exchange for all of the Series B LLC Units held by such Investor.

  • Highbury, the Investors and the Management Stockholders entered into that certain Exchange Agreement, dated as of August 10, 2009 (the “First Exchange Agreement”), whereby the Investors exchanged shares of Series B LLC Units of Aston for shares of Series B Preferred Stock of Highbury.

  • Upon consummation of the Closing, the Company will own 100% of the outstanding Series B LLC Units of Aston.