MIU Participants Sample Clauses

MIU Participants. If any Current Interest Holder that is a Management Incentive Member (“MIU Member”) is determined to receive any Current Interest Holder’s Shares pursuant to Section 3.4(d) of this Agreement with respect to any Management Incentive Units that are not vested as of the date of such distribution (such Current Interest Holder’s Shares, “MIU Shares”), then (i) the vesting schedule and other conditions applicable to the Management Incentive Units held by such MIU Member shall be deemed to apply to the MIU Shares otherwise distributable with respect to such Management Incentive Units (the “Restricted MIU Shares”) subject to any modifications as may be agreed to by the Pricing Committee and (ii) the Parent shall not distribute such Restricted MIU Shares to such MIU Member, but instead, shall hold such Restricted MIU Shares (and any distributions made in respect of such Restricted MIU Shares) in escrow until such time as the Restricted MIU Shares have vested, at which time all such Restricted MIU Shares (and any distributions made in respect of such Restricted MIU Shares) shall be distributed to such MIU Member without restrictions. If any Restricted MIU Shares are forfeited or otherwise do not vest pursuant to the terms of the vesting applicable to such Restricted MIU Shares, then the Parent shall distribute such Restricted MIU Shares (and any distributions made in respect of such Restricted MIU Shares) to the Existing Members based on their relative ownership of Common Units as of the date hereof. For such time as the Restricted MIU Shares are held in escrow with respect to any MIU Member, the Parent will vote such Restricted MIU Shares as directed by such MIU Member.
Sample 1
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Related to MIU Participants

  • Participants The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.

  • Employee Participants 2.01 ELIGIBILITY.

  • Rights of Participants Any participant in a Lender's interests hereunder may assert any claim for yield protection under Section 4.03 that it could have asserted if it were a Lender hereunder. If such a claim is asserted by any such participant, it shall be entitled to receive such compensation from the Borrower as a Lender would receive in like circumstances; provided, however, that with respect to any such claim, the Borrower shall have no greater liability to the Lender and its participant, in the aggregate, than it would have had to the Lender alone had no such participation interest been created.

  • Participant See Section 7(a) hereof.

  • Distributions to Participants Whenever LC Issuer has in accordance with this section received from any Lender payment of such Lender's Percentage Share of any Matured LC Obligation, if LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from Borrower or by application of LC Collateral or otherwise, and excluding only interest for any period prior to LC Issuer's demand that such Lender make such payment of its Percentage Share), LC Issuer will distribute to such Lender its Percentage Share of the amounts so received by LC Issuer; provided, however, that if any such payment received by LC Issuer must thereafter be returned by LC Issuer, such Lender shall return to LC Issuer the portion thereof which LC Issuer has previously distributed to it.

  • Loans to Participants If the Adoption Agreement so indicates, a Participant may receive a loan from the Fund, subject to the following rules:

  • Eligible Employees All Employees shall be Eligible Employees, except:

  • Company; Participant (a) The term “Company” as used in this Agreement with reference to employment shall include the Company and its affiliates.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • VALUE OF PARTICIPANT'S ACCRUED BENEFIT If a distribution (other than a distribution from a segregated Account) occurs more than 90 days after the most recent valuation date, the distribution will include interest at: (Choose (a), (b) or (c))

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