Class B Interests definition
Class B Interests. As set forth in the Trust Agreement.
Class B Interests means Class B Profits Interests (as such term was defined in the Initial LLC Agreement), all of which have been reclassified into Common Units pursuant to the Reorganization Agreement and this Agreement.
Class B Interests shall have the meaning set forth in Section 3.1(a).
Examples of Class B Interests in a sentence
In the case of a Permitted Transfer of any Common LLC Interests by any Member holding Class B Interests to a Permitted Transferee in accordance with this Section 10.02, such Member shall also transfer a number of Class B Interests equal to the number of Common LLC Interests that were transferred by such Member in the transaction to such Permitted Transferee.
More Definitions of Class B Interests
Class B Interests has the meaning set forth in the Recitals.
Class B Interests refers to the membership interests of the Class B Members in the Company, including all Percentage Interests, Financial Rights and Membership Rights applicable thereto, if any.
Class B Interests means, collectively, (i) the “Class B Interests” in Four Brothers, as “Class B Interests” is defined in the Organizational Documents of Four Brothers, (ii) the “Class B Interests” in Iron Springs, as “Class B Interests” is defined in the Organizational Documents of Iron Springs, and (iii) the “Class B Interests” in Granite Mountain, as “Class B Interests” is defined in the Organizational Documents of Granite Mountain.
Class B Interests shall have the meaning ascribed thereto in Section 2.4(a) hereof.
Class B Interests means the Interests in the Partnership having the rights and obligations set forth in this Agreement with respect to Class B Interests and issued pursuant to Sections 3.02 and 4.07, as set forth on Exhibit A hereto.
Class B Interests shall have the meaning set forth in the recitals hereto.
Class B Interests means that portion of the Interests that represents the equity interests of certain Sellers in the Target with respect to the GWOG Properties, and the rights and obligations of which are set forth in the Target Operating Agreement.