Class B Unit Holder definition

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Company but who is not a Class B Member, including, except as otherwise provided herein, a Class B Member who becomes a Withdrawn Member.
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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Company but who is not a Class B Member, including, except as otherwise provided herein, a Class B Member who becomes a Withdrawn Member.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 B Unit Holder means any holder of at least one Class B Preferred Unit.
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Examples of Class B Unit Holder in a sentence

  • If an owner of Class B Units desires to Transfer all or a portion of such Person's Class B Units to any Person who is not a Class B Member or Class B Unit Holder, then such Transfer shall not constitute a Permitted Transfer unless such transfer occurs in full compliance with the terms of this Agreement.

  • Class B Units are nonvoting, and no Class B Unit Holder shall have any right to vote on any matter coming to a vote of the Members on account of any Class B Units.

  • If the Class B Unit Holder fails to pay the balance of his commitment, the Company will have ninety (90) days to redeem and cancel the defaulting Class B Unit Holder by returning the investor’s initial payment.

  • The Company will use its reasonable best efforts to deliver to each Class B Unit Holder within ninety (90) days following the end of each fiscal year, all information necessary for the preparation of the Member's income tax returns.

  • A half Class B Unit Holder shall pay the purchase price for a half Class B Unit under the same terms with an initial deposit of $15,000 with the balance of $10,000 to be paid within fifteen (15) days of being notified by the Company that the Company has achieved positive cash flow of $100,000.

  • Notwithstanding anything to the contrary herein, without the prior written approval of Parent, in no event shall Cannae, THL or any Class B Unit Holder Transfer any Units of the Company to any Competitive Business (as defined below) or any direct or indirect Affiliate thereof.

  • Each Class B Unit Holder, and his, her or its duly authorized representative, shall, to the extent required by applicable law, have access to the books and records of the Company at the place where such records are required to be kept during normal working hours of the Company, and shall have the right to inspect and copy them.

  • The Company shall have no obligation to pay any cash flow or Preferred Return to such defaulting Class B Unit Holder.

  • The Company will also provide each Class B Unit Holder with the following information rights: (1) unaudited quarterly financial statements within thirty (30) days after the end of each calendar quarter (other than the last calendar quarter of the year); and (2) annual financial statements within ninety (90) days after the end of each fiscal year, which may or may not be audited, as determined in the sole discretion of the Managers.

  • On Class B Voting Matters, each Class B Unit Holder shall be entitled to that number of votes that is equivalent to such Class B Unit Holder's voting percentage set forth beside such Member's name on Schedule A, and all Class B Voting Matters shall be decided, except as otherwise provided herein, by a majority of the voting power of the Class B Unit Holders.


More Definitions of Class B Unit Holder

Class B Unit Holder means a Person listed on Schedule A that holds a Class B Unit 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 B Unit Holder means any Unit Holder who holds “Class B Units.” “Code” means the Internal Revenue Code of 1986, as amended from time to time. All references herein to sections of the Code shall include any corresponding provision or provisions of succeeding law.
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Related to Class B Unit Holder

  • Unit Holder means the owner of one or more Units.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Class B Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to “Class B Units” in this Agreement.