Class B-1 Members definition

Class B-1 Members means, collectively, Insignia and the Management Parties.
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Class B-1 Members is defined in the preamble.
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Class B-1 Members means those Person(s) that have executed and delivered a counterpart of this Agreement and are named in the Register of Members as Class B-1 Members with respect to their Class B-1 Units.
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Examples of Class B-1 Members in a sentence

  • The Schedule of Members sets forth the identity of all Class B1 Members and the number of Class B1 Units held by each Class B1 Members.

  • In respect of any other Exchange Date within such Annual Period, the Managing Member may provide an Exchange Notice to one or more Class B-1 Members such number of days prior to such Exchange Date as the Managing Member may determine in its sole discretion.

  • This Agreement shall apply to the Class B-1 Units held by the Class B-1 Members and their Permitted Transferees as of the date hereof, as well as any Class B-1 Units hereafter acquired by a Class B-1 Member and its Permitted Transferees.

  • The Managing Member may admit Class B Members or Class B-1 Members and issue Class B Units or Class B- DB1/ 109886103.10 1 Units for contributions, or on terms and conditions determined by the Managing Member in its sole discretion, it being expressly understood and agreed among the Class B Members and Class B-1 Members that such contribution and such terms and conditions may be different from the corresponding terms and conditions for other Class B Members and Class B-1 Members.

  • Subject to the terms of this Agreement, the Managing Member may admit one (1) or more additional Class B Members or Class B-1 Members or issue additional Class B Units or Class B-1 Units to an existing Class B Member or Class B-1 Member, as applicable, at any time.

  • The Company shall have three classes of Units: (a) Class A Units, which shall be held by the Managing Member and only by the Managing Member; (b) Class B Units, which shall be held by the Class B Members and only by the Class B Members and (c) Class B-1 Units, which shall be held by the Class B-1 Members and only by the Class B-1 Members.

  • This Agreement may be executed in one or more counterparts, including counterparts executed by additional Class B Members or Class B-1 Members admitted to the Company, and each of such counterparts shall, for all purposes, be deemed to be an original, but all of such counterparts shall constitute one and the same instrument.

  • The Company shall have three classes of Members: (a) the Managing Member, (b) the Class B Members and (c) the Class B-1 Members.

  • Notwithstanding the foregoing provisions of this Section 3.03, the Managing Member may in its sole reasonable discretion determine which Class B-1 Members may participate in a distribution with respect to all or a portion of their Class B-1 Units under this Section 3.03 in order to further the purpose of this Section 3.03.

  • Any such consent by the Managing Member shall be binding and conclusive without the consent of the Class B Members or Class B-1 Members.


More Definitions of Class B-1 Members

Class B-1 Members means, collectively, Insignia and the Management Parties. “Class B-1 Unit Purchase” has the meaning set forth in Section 2.1(d)(i).
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Related to Class B-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 B Interests As set forth in the Trust Agreement.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.