Member Classes Sample Clauses

Member Classes. Within the structure of Xxxxxxx Homes Xxxxxxx Loans, LLC Regulation A Offering, there are two (2) classes of Members, Class A and Class B. The Manager shall record the name and address of each of the Members in Appendix B to this Agreement. Member classes shall be allocated as provided below.
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Member Classes. As of the Effective Date hereof, there are three (3) classes of Membership Interest that may be issued by the Company: Class G, Class L, and Class M. The Manager shall record or cause to be recorded the name and address of each of the Members in Appendix B to this Agreement. Member classes shall be allocated as provided below:
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Member Classes. This Cooperative shall have three (3) classes of members, which are hereby designated as the "Cooperative Association Member" class, the "Defined Member" class, and the "Individual Member" class, as more particularly described in the Bylaws. This Cooperative may have such additional classes of members, with such designations, and such relative rights, preferences, privileges and limitations, as may be provided in the Bylaws of this Cooperative.
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Member Classes. The Company may have two (2) classes of Members, Class A Members and Class B Members. Class A Members have all rights available to Members under the provisions of the Articles, this Agreement and, subject to such limitations and restrictions as may be set forth in the Articles and/or this Agreement, the Act, including, but not limited to, all voting rights available to Members. The rights of Class B Members with respect to their Member’s interests are limited to the right to receive a share of Company profits or other compensation by way of income, an allocation of Company profit, gain, loss, deduction and credit, and a return of contribution to the extent of the Member’s interest. Class B Members have no right to (i) vote or otherwise participate in the management of the business and affairs of the Company, (ii) require any information or account of Company transactions or (iii) exercise any options, including purchase options given and granted in this Agreement. The Class B Units of Class B Members and the Membership Percentages related to Class B Units shall be ignored and shall not be considered or computed in exercising options, performing acts, calling meetings, establishing a quorum, executing documents, giving consents, casting votes, exercising discretion or making designations. Class B Units shall be issued by the Company only incident to the exercise of the Warrants as provided in Section 2.4. The Company shall issue no other nonvoting equity securities.
Sample 1
Member Classes. (A) The Foundation has two classes of membership, representing members that publicly (but nonexclusively) support the Foundation’s charitable and DOC# 3185723.v10-4/30/20 educational purposes: (A) Sponsor Members and (B) Promoter Members.
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Related to Member Classes

  • Classes The officers of the Company shall be a President, a Secretary, a Treasurer, and, if deemed necessary, expedient, or desirable by the Board of Managers, an Executive Vice President, one or more Senior Vice Presidents, one or more other Vice Presidents, one or more Assistant Treasurers, one or more Assistant Secretaries, and such other officers as may be elected or appointed in accordance with the provisions of this article. Additional officers and duties may be added by amendments to this article by the Members.

  • Multiple Classes We may from time to time provide to you written compliance guidelines or standards relating to the sale or distribution of Funds offering multiple classes of shares (each, a “Class”) with different sales charges and distribution related operating expenses. In addition, you will be bound by any applicable rules or regulations of government agencies or self-regulatory organizations generally affecting the sale or distribution of shares of investment companies offering multiple classes of shares.

  • Elimination of Series or Classes At any time that there are no Shares outstanding of any particular Series or Class previously established, the Trustees may abolish that Series or Class and rescind the establishment thereof.

  • Classes and Series The references in this Article XI to meetings, quorum, voting and actions by written consent (and any related matters) of Members shall be understood to apply separately to individual classes or series of Members where the context requires.

  • Establishment of Series and Classes of Shares Subject to the provisions of this Section 3.6, the Trust shall consist of the Series and Classes indicated on Schedule A attached hereto (“Schedule A”), as such Schedule A may be amended from time to time. The Series and Classes indicated on Schedule A as of the date hereof are hereby established and are referred to as the “Initial Series and Classes.” The establishment of any Series or Class of Shares (other than the Initial Series and Classes) shall be effective upon the adoption by the Trustees of a resolution that sets forth the designation of, or otherwise identifies, such Series or Class, whether directly in such resolution or by reference to, or approval of, another document that sets forth the designation of, or otherwise identifies, such Series or Class including any Registration Statement, any amendment and/or restatement of this Declaration of Trust and/or Schedule A or as otherwise provided in such resolution. Upon the establishment of any Series or Class of Shares or the termination of any existing Series or Class of Shares, Schedule A shall be amended to reflect the addition or termination of such Series or Class and any officer of the Trust is hereby authorized to make such amendment; provided that the amendment of Schedule A shall not be a condition precedent to the establishment or termination of any Series or Class in accordance with this Declaration of Trust. The relative rights and preferences of each Series and each Class (including the Initial Series and Classes) shall be as set forth herein and as set forth in any Registration Statement relating thereto, unless (with respect to any Series or Class other than the Initial Series and Classes) otherwise provided in the resolution establishing such Series or Class. Any action that may be taken by the Trustees with respect to any Series or Class, including any addition, modification, division, combination, classification, reclassification, change of name or termination may be made in the same manner as the establishment of such Series or Class. Unless otherwise provided in any Registration Statement relating thereto, Shares of the Initial Series and Classes and each additional Series or Class established pursuant to this Article III (unless otherwise provided in the resolution establishing such additional Series or Class), shall have the following relative rights and preferences:

  • Division of Series or Classes The Trustees shall have the authority, without the approval of the Shareholders of any Series or Class unless otherwise required by applicable federal law, to divide the assets and liabilities held with respect to any Series or Class into assets and liabilities held with respect to an additional one or more Series or Classes and in connection therewith to cause some or all of the Shareholders of such Series or Class to be admitted as Shareholders of such additional one or more Series or Classes.

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