APPENDIX 4
Provision of LLC Operating Agreement Creating Classes of Voting and Nonvoting Membership Interest, with Nonvoting Preferred Interests
____1. Definitions. For purposes of this Section:
“Class A Member” shall mean the holder of one or more Class A Voting Units.
“Class B Member” shall mean the holder of one or more Class B Non-Voting Units.
“Class A Voting Units” shall mean Units entitling the owner thereof to all rights set forth in the definition of “Membership Interest” below, including but not limited to the right to vote on matters affecting the business or operations of the Company that require an affirmative vote of the Members.
“Class B Non-Voting Units” shall mean Units entitling the owner thereof to all rights set forth in the ...
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