Class A-1 Members definition

Class A-1 Members means all such Persons.
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Class A-1 Members means those Members who purchase Class A-1 Membership Interests.
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Class A-1 Members means Person(s) admitted as Class A-1 Members by the Manager. “Class A-2 Member(s)” means Person(s) admitted as Class A-2 Members by the Manager. The
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Examples of Class A-1 Members in a sentence

  • Notwithstanding anything to the contrary in this Agreement, the Company shall not distribute any property in kind to any Member without the prior written consent of the Board and the Class A-1 Members.

  • The Board shall consist of one (1) Manager, or such other number as may be determined by the Approval of a Majority of the Class A-1 Members from time to time, but no decrease in the number of Managers shall have the effect of shortening the term of any incumbent Manager or taking away the rights of any Member to elect a Manager as provided in Section 5.3. Managers need not be residents of the State of Delaware.

  • There shall be Class A Members, Class A-1 Members, Class B Members, and a Class C Member.

  • Solely for purposes of determining a Member’s proportionate share of the “excess nonrecourse liabilities” of the Company within the meaning of Treasury Regulation Section 1.752-3(a)(3), the Members’ interests in Company profits shall be allocated to the Class A-1 Members, Class A-2 Members and Class B Members Pro Rata in accordance with their relative number of Class A-1 Units, Class A-2 Units and Class B Units.

  • Promptly following the determination that any such taxes are due and payable by the Company, any Member, or any Affiliate thereof, each Class A-1 Member shall each make an additional Capital Contribution to fund such Member’s portion thereof, in such proportions as the Class A-1 Members shall determine among them.

  • A-1 Members” or “Approved by a Majority of the Class A-1 Members” means any Class A-1 Members who, in the aggregate, own more than fifty percent (50%) of the Class A-1 Units owned by all of the Class A-1 Members.

  • The Class A-1 Members shall be entitled to an eight percent (8%) cumulative non-compounding Priority Return, and liquidation and distribution preferences as further set forth herein.

  • The Company shall provide to the Class A-2 Members any other written information or reports that are provided or prepared for the benefit of the Class A-1 Members.

  • There shall be established a Management Committee composed of up to eleven Persons (“Representatives”) who shall be elected by a plurality vote of the Class A Members and Class A-1 Members (voting together as if one class), with each such Member having one vote for each Class A Unit and Class A-1 Unit held by such Member.

  • The Members agree to vote their Units so that Managers are elected to the Board as follows: the Class A-1 Members (by Approval of a Majority of the Class A-1 Members) shall have the right to designate one (1) Manager, who initially shall be [·].


More Definitions of Class A-1 Members

Class A-1 Members means Person(s) admitted as Class A-1 Members by the Manager and whose name is listed in Exhibit “1”. The minimum investment requirement to become a Class A-1 Member is $100,000.
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Class A-1 Members means the Member(s) holding Class A-1 Units.
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Class A-1 Members means the holders of the Class A-1 Units.
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Class A-1 Members means the holder(s) of Class A-1 Interests. “Class A-2 Member(s)” means the holder(s) of the Class A-2 Interests. “Class A-3 Member(s)” means the holder(s) of the Class A-3 Interests.
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Class A-1 Members and shall have the rights set forth in this Agreement with respect to the Class A-1 Units. Members holding Class A-2 Units shall be referred to herein as “Class A-2 Members” and shall have the rights set forth in this Agreement with respect to the Class A-2 Units. Members holding Class B Units shall be referred to herein as “Class B Members” and shall have the rights set forth in this Agreement with respect to the Class B Units. The Board of Managers (as defined herein) shall maintain exhibits that set forth the identity of the Members and the number and class of Units held by each Member from time to time. Exhibit B-1 hereto sets forth the name of each Member as of the Effective Date, and Exhibit B-2, Exhibit B-3 and Exhibit B-4 sets forth the number and class or series of Units held by each individual Member, which subparts taken together constitute one Exhibit B.
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Related to Class A-1 Members

  • Class B Members means the Members holding Class B Units.

  • Class A Members means those Members who have purchased Class A Interests.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

  • Class A LP Units means the Class A limited partnership units of the Partnership.