Common use of Class B Members Clause in Contracts

Class B Members. The Manager (or its members and/or their Affiliates) will retain ownership of fifty percent (50%) of the Interests in the Company in exchange for services to the Company. The Class B Interests shall be subordinate to the Class A Interests. The issuance of Class B Interests is irrevocable even if Xxxxxxx Homes Xxxxxxx Loans, LLC is removed or resigns as the Manager of the Company. The Manager reserves the right to allow the Class B members (or their members or Affiliates) to sell, grant, transfer, or convey a minority of the Class B Interests to others without permission of the Class A Members as long as doing so does not: a) dilute the Interests or percentage returns to the Class A Members, or b) allow any Class B Member to exert management control over the Manager. XXXXXXX HOMES XXXXXXX LOANS LLC, its Affiliates or members (and/or their affiliates) may purchase Class A Interests at such value as may be established from time to time on transfer of a Class A Members Interest per Articles 11 or 12 of this Agreement, but they may be allowed to invest less than the minimum investment amount required of other Class A Members, at the Managers sole discretion.

Class B Members. The Manager (or its members and/or their Affiliates) will retain ownership of fifty one percent (501%) of the Interests in the Company in exchange for services to the Company. The Class B Interests shall be subordinate to the Class A Interests. The issuance of Class B Interests is irrevocable even if Xxxxxxx Homes Xxxxxxx LoansPARADYME FUNDING, LLC INC. is removed or resigns as the Manager of the Company. The Manager reserves the right to allow the Class B members Members (or their members or Affiliates) to sell, grant, transfer, or convey a minority of the Class B Interests to others without permission of the Class A Members as long as doing so does not: a) dilute the Interests or percentage returns to the Class A Members, or b) allow any other Class B Member to exert management control over the Manager. XXXXXXX HOMES XXXXXXX LOANS LLCPARADYME FUNDING, INC., its Affiliates or members (and/or their affiliates) may purchase Class A Interests Units at such value as may be established from time to time on transfer of a Class A Members Member’s Interest per Articles 11 or 12 of this Agreement), but they may be allowed to invest less than the minimum investment amount required of other Class A Members, at the Managers Manager’s sole discretion.

Class B Members. The Manager (or its members and/or their Affiliates) will retain ownership of fifty one percent (501%) of the Interests in the Company in exchange for services to the Company. The Class B Interests shall be subordinate to the Class A Interests. The issuance of Class B Interests is irrevocable even if Xxxxxxx Homes Xxxxxxx LoansPARADYME FUNDING, LLC INC. is removed or resigns as the Manager of the Company. Paradyme Equities, LLC 4 Company Agreement The Manager reserves the right to allow the Class B members Members (or their members or Affiliates) to sell, grant, transfer, or convey a minority of the Class B Interests to others without permission of the Class A Members as long as doing so does not: a) dilute the Interests or percentage returns to the Class A Members, or b) allow any other Class B Member to exert management control over the Manager. XXXXXXX HOMES XXXXXXX LOANS LLCPARADYME FUNDING, INC., its Affiliates or members (and/or their affiliates) may purchase Class A Interests Units at such value as may be established from time to time on transfer of a Class A Members Member’s Interest per Articles 11 or 12 of this Agreement), but they may be allowed to invest less than the minimum investment amount required of other Class A Members, at the Managers Manager’s sole discretion.

Class B Members. The Manager (or its members and/or their Affiliates) will retain ownership of fifty thirty-five percent (5035%) of the Interests in the Company in exchange for services to the Company. The Class B Interests shall be subordinate to the Class A Interestsas a carried interest. The issuance of Class B Interests is irrevocable even if Xxxxxxx Homes Xxxxxxx Loans, THE HOLIDAY LIFESTYLE LLC is removed or resigns as the Manager of the Company. Class B Interest will be issued as founders’ interests, at formation, without consideration. The Manager reserves the right to allow the Class B members Members (or their members or Affiliates) to sell, grant, transfer, or convey a minority of the Class B Interests to others without permission of the Class A Members as long as doing so does not: a) dilute the Interests or percentage returns from Distributions to the Class A Members, ; or b) allow any other Class B Member to exert management control over the Manager. XXXXXXX HOMES XXXXXXX LOANS THE HOLIDAY LIFESTYLE LLC, its Affiliates or members (and/or their affiliates) may purchase Class A Interests at such value as may be established from time to time on transfer of a Class A Members Member’s Interest per Articles 11 or 12 of this Agreement), but they may be allowed to invest less than the minimum investment amount required of other Class A Members, at the Managers Manager’s sole discretion.

Class B Members. The Manager (or its members and/or their Affiliates) will retain ownership of fifty thirty-five percent (5035%) of the Interests in the Company in exchange for services to the Company. The Class B Interests shall be subordinate to the Class A Interests. The issuance of Class B Interests is irrevocable even if Xxxxxxx Homes Xxxxxxx Loans, United States Diversity Group LLC is removed or resigns as the Manager of the Company. The Manager reserves the right to allow the Class B members Members (or their members or Affiliates) to sell, grant, transfer, or convey a minority of the Class B Interests to others without permission of the Class A Members as long as doing so does not: a) dilute the Interests or percentage returns to the Class A Members, or b) allow any other Class B Member to exert management control over the Manager. XXXXXXX HOMES XXXXXXX LOANS United States Diversity Group LLC, its their Affiliates or members (and/or their affiliates) may purchase Class A Interests Units at such value as may be established from time to time on transfer of a Class A Members Member’s Interest per Articles 11 or 12 of this Agreement, but they may be allowed to invest less than the minimum investment amount Minimum Investment Amount required of other Class A Members, at the Managers Manager’s sole discretion.

Class B Members. The Manager (or its members and/or their Affiliates) will retain ownership of fifty one percent (501%) of the Interests in the Company in exchange for services to the Company. The Class B Interests shall be subordinate to the Class A Interests. The issuance of Class B Interests is irrevocable even if Xxxxxxx Homes Xxxxxxx LoansPARADYME ASSET MANAGEMENT, LLC LLC. is removed or resigns as the Manager of the Company. The Manager reserves the right to allow the Class B members Members (or their members or Affiliates) to sell, grant, transfer, or convey a minority of the Class B Interests to others without permission of the Class A Members as long as doing so does not: a) dilute the Interests or percentage returns to the Class A Members, or b) allow any other Class B Member to exert management control over the Manager. XXXXXXX HOMES XXXXXXX LOANS PARADYME ASSET MANAGEMENT, LLC, its Affiliates or members (and/or their affiliates) may purchase Class A Interests Units at such value as may be established from time to time on transfer of a Class A Members Member’s Interest per Articles 11 or 12 of this Agreement), but they may be allowed to invest less than the minimum investment amount required of other Class A Members, at the Managers Manager’s sole discretion.

Class B Members. The Manager (or its members and/or their Affiliates) will retain ownership of fifty percent (50%) of the Interests in the Company in exchange for services to the Company. The Class B Interests shall be subordinate to the Class A Interests. The issuance of Class B Interests is irrevocable even if Xxxxxxx Homes Xxxxxxx LoansTULSA FOUNDERS, LLC is removed or resigns as the Manager of the Company. The Manager reserves the right to allow the Class B members Members (or their members or Affiliates) to sell, grant, transfer, or convey a minority of the Class B Interests to others without permission of the Class A Members as long as doing so does not: a) dilute the Interests or percentage returns to the Class A Members, or b) allow any other Class B Member to exert management control over the Manager. XXXXXXX HOMES XXXXXXX LOANS Tulsa Real Estate Fund, LLC 4 Company Agreement TULSA FOUNDERS, LLC, its Affiliates or members (and/or their affiliates) may purchase Class A Interests at such value as may be established from time to time on transfer of a Class A Members Member’s Interest per Articles 11 or 12 of this Agreement), but they may be allowed to invest less than the minimum investment amount required of other Class A Members, at the Managers Manager’s sole discretion.

Class B Members. The Manager (or its members and/or their Affiliates) will retain ownership of fifty one percent (501%) of the Interests in the Company in exchange for services to the Company. The Class B Interests shall be subordinate to the Class A Interests. The issuance of Class B Interests is irrevocable even if Xxxxxxx Homes Xxxxxxx LoansPARADYME FUNDING, LLC INC. is removed or resigns as the Manager of the Company. The Manager reserves the right to allow the Class B members Members (or their members or Affiliates) to sell, grant, transfer, or convey a minority of the Class B Interests to others without permission of the Class A Members as long as doing so does not: a) dilute the Interests or percentage returns to the Class A Members, or b) allow any other Class B Member to exert management control over the Manager. XXXXXXX HOMES XXXXXXX LOANS LLCParadyme Equities, LLC Company Agreement PARADYME FUNDING, INC., its Affiliates or members (and/or their affiliates) may purchase Class A Interests Units at such value as may be established from time to time on transfer of a Class A Members Member’s Interest per Articles 11 or 12 of this Agreement), but they may be allowed to invest less than the minimum investment amount required of other Class A Members, at the Managers Manager’s sole discretion.