Class A Unit Holder definition

Class A Unit Holder means any holder of at least one Class A Preferred Unit.
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Class A Unit Holder means a Person holding Class A Units. “Class B Units” shall have the meaning set forth in Section 3.2. “Class C Units” shall have the meaning set forth in Section 3.2. “Code” shall mean the Internal Revenue Code of 1986, as amended.
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Class A Unit Holder means a Person who owns Class A Units, regardless of whether such Person is a Member. “Class A Unit Holders” means all Class A Unit Holders.
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Examples of Class A Unit Holder in a sentence

  • A Director appointed by a Class A Unit Holder under this section shall serve indefinitely at the pleasure of the Class A Unit Holder appointing him or her until a successor is appointed, or until the earlier death, resignation, or removal of the Director.

  • If an owner of Class A Units desires to Transfer all or a portion of such Person's Class A Units to any Person who is not a Class A Member or Class A Unit Holder, then such Transfer shall not constitute a Permitted Transfer unless such transfer fully complies with this Agreement, the Redemption Plan, and unless the transferee shall afford the Company and the Class A Member and Class A Unit Holders a right of first refusal pursuant to this Article 11.8.

  • Any such vacancy shall be filled within thirty days of its occurrence by the Class A Unit Holder having the right of appointment.

  • In the event that the number of Class A Units held by a Class A Unit Holder falls below the threshold granting appointment rights, the term of any Director appointed by such Unit Holder shall terminate and a successor shall be elected or appointed in accordance with the terms of this Agreement.

  • The amendment or repeal of this section 5 or the adoption of any provision inconsistent therewith shall require the approval of the Unit Holders representing at least a majority of the outstanding Units and the approval of every Class A Unit Holder adversely affected by such amendment, repeal, or adoption of an inconsistent provision.

  • Units held by an affiliate of a Class A Unit Holder shall not count in determining the number of Units held by the Class A Unit Holder for purposes of this section.

  • In the event that the number of Class A Units held by a Class A Unit Holder falls below one million (1,000,000) Units, the term of any Director appointed by such Unit Holder shall terminate and a successor shall be appointed by the Board of Directors.

  • Each Class A Unit Holder who holds one million (1,000,000) or more Class A Units as of November 15, 2005 is entitled to appoint one (1) Director.

  • Any such vacancy shall be filled within thirty (30) days of its occurrence by the Class A Unit Holder having the right of appointment.

  • Except upon the unanimous consent of all Directors, at no time shall any Class A Unit Holder (i) own less than the aggregate total of ten (10) Class A Units (the “Class A Minimum”) or (ii) with any Affiliate and Related Party of such Class A Unit Holder, together in the aggregate, own, either directly or indirectly or beneficially, more than an aggregate total of two thousand (2,000) Class A Units (herein, such limitation shall be referred to as the “Class A Unit Concentration Limit”).


More Definitions of Class A Unit Holder

Class A Unit Holder means a Person holding at least a fraction of a Class A Unit.
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Class A Unit Holder means a Person listed on Schedule A that holds a Class A Units in the Company, and who has signed this Agreement, either personally, by power of attorney or by some other instrument or document of the Company that by its terms is deemed to be an execution of this Agreement.
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Class A Unit Holder means a Person who owns Class A Units of the Company but who is not a Class A Member, including, except as otherwise provided herein, a Class A Member who becomes a Withdrawn Member. (r) "Class A Withdrawal Purchase Option" is defined in Article 10.4(b)(i). (s) "Class A Withdrawal Purchase Option Notice" is defined in Article 10.4(c)(i). (t) "Class B Member" means a Member who owns one or more Class B Units. (u) "Class B Percentage Interest" means, at any particular time, the percentage interest of each Class B Member or Class B Unit Holder of the Company determined with respect to a particular Class B Member or Class B Unit Holder by dividing the number of Class B Units owned by such Class B Member or Class B Unit Holder by the aggregate number of outstanding Class B Units. (v) "Class B Units" means Units designated as Class B Units by this Agreement. (w) "Class B Unit Holder" means a Person who owns Class B Units of the Company but who is not a Class B Member, including, except as otherwise provided herein, a Class B Member who becomes a Withdrawn Member. (x) "Code" means the Internal Revenue Code of 1986, as amended from time to time. All references herein to sections of the Code include any corresponding provision or provisions of succeeding law. (y) "Company" means Seed Equity Properties, LLC, a Colorado limited liability company. (z) "Company Property" means assets owned by the Company, whether tangible or intangible, which may be more particularly identified on Exhibit B to this Agreement. (aa) "Company Withdrawal Purchase Option" is defined in Article 10.4(b)(ii). (bb) "Company Withdrawal Purchase Option Notice" is defined in Section 10.4(c)(ii). (cc) "Compliance Committee" is defined in Article 4.11. (dd) "Confidential Information" means: (i) the terms of this Agreement (except as contemplated in Article 4.3); (ii) information that the Company (or one of its subsidiaries) maintains in confidence from third parties; (iii) information that the Person knows to be proprietary to the Company or one of its subsidiaries, Members, Unit Holders, Directors, or Manager; (iv) financial information relating to the Company, its subsidiaries, to the Members, Unit Holders, Directors, or Manager; (v) information relating to the Company's (or its subsidiaries') marketing and business plans and strategies;
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Class A Unit Holder means a holder of Class A Profits Interest Units.
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Related to Class A Unit Holder

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • Unit Holder means a person holding units in the scheme of the Mutual Fund.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.