Class B Units definition

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.
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Class B Units means the Class B Units of the Company.
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Class B Units has the meaning set forth in Section 3.04(a)(ii).
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Examples of Class B Units in a sentence

  • For U.S. federal income tax purposes, the receipt of Class A Common Stock or Class B Common Stock in exchange for Class A Units or Class B Units, respectively, in the Company Merger is intended to be treated as a taxable disposition of partnership interests, and the receipt of Common Units in exchange for Class A Units in the Company Merger is intended to be treated as a partnership recapitalization in accordance with Rev.

  • From and after the Effective Time, the Membership Interests represented by Class A Units and Class B Units shall have the respective rights, powers, and preferences (including with respect to allocations and distributions), and the respective duties, obligations and restrictions, as are set forth in this Agreement.

  • The Class B Member(s) shall have the sole right to designate a successor Managing Member from time to time; provided that, in the event that there is more than one Class B Member, any such successor Managing Member shall be selected by the holders of a majority of the outstanding Class B Units.

  • As of the Effective Time and pursuant to this Agreement, the Membership Interests in the Company consist of Class A Units (the “Class A Units”) and Class B Units (the “Class B Units”).


More Definitions of Class B Units

Class B Units has the meaning set forth in the LLC Agreement.
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Class B Units has the meaning set forth in the recitals.
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Class B Units. The term "Class B Units" means the Class B Units of Dairy Holdings.
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Class B Units means each Class B unit consisting of (a) one Pre-Funded Warrant to initially purchase one Pre-Funded Warrant Share, and (b) one Series A Warrant to purchase one (1) Series A Warrant Share(s).
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Class B Units means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners, and having the rights and obligations specified with respect to Class B Units in this Agreement.
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Class B Units has the meaning set forth in the Partnership Agreement.
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Class B Units means the Class B Units authorized pursuant to the Partnership Agreement.
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