Subclasses Clause Samples

The "Subclasses" clause defines how derivative or subordinate classes relate to a primary class within a legal or contractual framework. Typically, this clause outlines the rights, obligations, or limitations that apply to subclasses, specifying whether they inherit, modify, or are restricted compared to the main class. For example, in intellectual property agreements, subclasses might refer to specific types of licensed products or services that fall under a broader category. The core function of this clause is to clarify the scope and boundaries of subclasses, ensuring all parties understand how these related entities are treated under the agreement and preventing ambiguity or disputes regarding their status.
Subclasses. Each Class will determine the need for diversity within the Class (e.g., geographic, stakeholder issues, etc.) which may lead to the establishment of subclasses. A Class may subdivide into up to three subclasses. Each Class shall determine to establish or discontinue its subclasses, if any, by majority vote of the members in the Class.
View SourceView Similar (4)
Subclasses. The state law subclasses pertinent to this Agreement are the following:
View SourceView Similar (2)
Subclasses. The Settlement Class is further divided into Subclass 1 and Subclass 2 based on the segments and/or booking channel through which the Settlement Class Members booked their stay. Subclass 1: All Settlement Class Members who booked their stay directly with Marriott or a Hotel and booking channels other than through a Wholesaler, Online Travel Agent, or Group Booking. This Subclass 1 is further categorized by the Hotel at which the Settlement Class Member stayed: Subclass 1(a): Sheraton Princess ▇▇▇▇▇▇▇▇ Subclass 1(b): All Other Hotels Subclass 2: All Settlement Class Members who booked their stay through a Wholesaler, Online Travel Agent, or Group Booking. This Subclass 2 is further categorized by the Hotel at which the Settlement Class Member stayed: Subclass 2(a): Sheraton Princess ▇▇▇▇▇▇▇▇ Subclass 2(b): All Other Hotels
View SourceView Similar (2)
Subclasses. The Class is composed of two subclasses, a “Judgment Subclass” and a “Non-Judgment Subclass.” The Judgment Subclass is comprised of Class Members against whom Autovest obtained a judgment before August 31, 2015. Based on Autovest’s review of its records, it believes the Judgment Subclass is comprised of 134 Class Members. The “Non-Judgment Subclass” is comprised of Class Members against whom Autovest had not taken a judgment as of August 31, 2015. Based on Autovest’s review of its records, it believes the “Non-Judgment Subclass” is comprised of 17 Class Members.
View Source
Subclasses. (i) Series 2019-3 Class A-1 Advance Notes (as referred to herein, the “Series 2019-3 Class A-1 Advance Notes”), (ii) Series 2019-3 Class A-1 Swingline Notes (as referred to herein, the “Series 2019-3 Class A-1 Swingline Notes”), and (iii) Series 2019-3 Class A-1 L/C Notes (as referred to herein, the “Series 2019-3 Class A-1 L/C Notes”). For purposes of the Indenture, the Series 2019-3 Class A-1 Notes shall be deemed to be “Senior Notes” and shall be issued on the Series 2019-3 Closing Date.
View Source
Subclasses. A.8.2.1 Broad classes of material and specifications Figure 9 — Some broad classes of material and specifications
View Source
Subclasses 
View Source

Related to Subclasses

  • 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.

  • Combination of Series and Classes The Trustees shall have the authority, without the approval of the Shareholders of the Trust or any Series or Class unless otherwise required by applicable federal law, to combine the assets and liabilities held with respect to any two or more Series or Classes into assets and liabilities held with respect to a single Series or Class and in connection therewith to cause the Shareholders of each such Series or Class to become shareholders of such single Series or Class.

  • 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:

  • SPECIALIZED JOB CLASSES Where there is a particular specialized job class in which the pay rate is below the local market value assessment of that job class, the parties may use existing means under the collective agreement to adjust compensation for that job class.

  • Establishment of Series and Classes The Trust shall consist of one or more Series and Classes and separate and distinct records shall be maintained by the Trust for each Series and Class. The Trustees shall have full power and authority, in their sole discretion, and without obtaining any prior authorization or vote of the Shareholders of any Series or Class of the Trust, to establish and designate and to change in any manner any initial or additional Series or Classes and to fix such preferences, voting powers, rights and privileges of such Series or Classes as the Trustees may from time to time determine, to divide or combine the Shares or any Series or Classes into a greater or lesser number, to classify or reclassify any issued Shares or any Series or Classes into one or more Series or Classes of Shares, and to take such other action with respect to the Shares as the Trustees may deem desirable. Unless another time is specified by the Trustees, the establishment and designation of any Series or Class shall be effective upon the adoption of a resolution by the Trustees setting forth such establishment and designation and the preferences, powers, rights and privileges of the Shares of such Series or Class, whether directly in such resolution or by reference to, or approval of, another document that sets forth such relative rights and preferences of such Series (or Class) including, without limitation, any registration statement of the Trust, or as otherwise provided in such resolution. The Trust may issue any number of Shares of each Series or Class and need not issue certificates for any Shares. All references to Shares in this Trust Instrument shall be deemed to be Shares of any or all Series or Classes as the context may require. All provisions herein relating to the Trust shall apply equally to each Series and Class of the Trust except as the context otherwise requires. All Shares of each Class of a particular Series shall represent an equal proportionate interest in the assets belonging to that Series (subject to the liabilities belonging to the Series, and, in the case of each Class, to the liabilities belonging to that Class), and each Share of any Class of a particular Series shall be equal to each other Share of that Class; but the provisions of this sentence shall not restrict any distinctions permissible under this Section 2.6.