Class B Common Member definition

Class B Common Member means any Member holding and to the extent it holds Class B Common Units.
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Class B Common Member means a Member owning Class B Common Membership Interests. The sole Class B Common Member as of the date hereof is ETR.
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Class B Common Member has the meaning set forth in Section 2.3(b)(ii).
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Examples of Class B Common Member in a sentence

  • Following a Transfer to a transferee who acquires a Membership Interest from a Class B Common Member under this Agreement by means of a Transfer that is permitted under this Section 11, but who is not admitted as a Class B Common Member, the transferor shall not cease to be a Class B Common Member of the Company and shall continue to be a Class B Common Member until such time as the transferee is admitted as a Class B Common Member under this Agreement.

  • Subject to the conditions and restrictions set forth in Section 11.3 and Section 5.7, a Class B Common Member may Transfer all or any portion of its Class B Common Membership Interest to the Parent Company or any of its Affiliates.

  • Unless specifically set forth in this Agreement, the Class B Common Member shall have no other rights of the Members under this Agreement.

  • As of the Class B Common Measuring Date, the initial Capital Account balance of each Class A Common Member and each Class B Common Member shall be equal to the amount set forth for such Member on Schedule 3.3.

  • Upon the date of execution of the Agreement and Plan of Merger, the Class B Common Member shall make a Capital Contribution of cash in the amount of $30,000,000.

  • Subject to the conditions and restrictions set forth in Section 11.3 and Section 5.7, a Class B Common Member may Transfer all or any portion of its Class B Common Membership Interest to Parent Company or any of its Affiliates.

  • On the Merger Date, the Class B Common Member shall make a Capital Contribution of all other consideration (whether in the form of cash or Reckson Realty class "B" exchangeable shares or debt securities of Reckson) required in order to consummate the Tower Merger (other than any consideration obtained from the financing of the Tower assets and applied to consummate the Tower Merger) and pay all of the closing costs relating thereto which are properly allocated to the Company pursuant to Section 12.

  • Any Class B Common Member or any of its Affiliates may contribute from time to time such additional cash or other property as it may determine; provided, however, that any Capital Contribution made by any Class B Common Member or any of its Affiliates pursuant to this Section 2.2 shall consist of Permitted Assets and the Company shall, after giving effect to the additional contribution, satisfy each of the Portfolio Requirements.

  • In the event any Class A Common Member, Class B Common Member or Class C Common Member has to make a filing under the HSR Act in connection with the Merger, the filing or similar type fee for such filing shall be paid by the LLC or one of its subsidiaries.

  • In the event that there is more than one ----------------------- Class B Common Member, it is the intent of the Members that all distributions of liquidating proceeds to the Class B Common Members under Section 7.2(d) shall be made to the Class B Common Members in proportion to their respective percentage ownership interests.


More Definitions of Class B Common Member

Class B Common Member means a Member that owns a Class B Common Interest,
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Class B Common Member means each Person admitted to the Company as a Class B Common Member whose name is set forth on Schedule II hereto as a Class B Common Member, and any other Person admitted as an additional or substitute Class B Common Member, so long as such Person remains a Class B Common Member.
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Class B Common Member means each owner of record of Class B Common Units as of immediately prior to the Effective Time, but solely in such owner's capacity as an owner of Class B Common Units.
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Related to Class B Common Member

  • Common Member means a Member holding Common Units.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

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