Common use of Unvested Series D Units Clause in Contracts

Unvested Series D Units. The Granted Series D-1 Units issued pursuant to this Agreement, as adjusted pursuant to Section 2(d) above, shall initially be deemed Unvested Units (“Unvested Series D Units”) under the LLC Agreement, shall be subject to all of the restrictions on Unvested Units (as well as on Series D Units, in general) under the LLC Agreement and shall carry only such rights as are conferred on Unvested Units under the LLC Agreement. The Unvested Series D Units will become Vested Units (the “Vested Series D Units”) under the LLC Agreement in accordance with the provisions of Sections 4 and 5 of this Agreement.

Appears in 2 contracts

Samples: Series D Unit Agreement (U.S. Well Services, LLC), Series D Unit Agreement (U.S. Well Services, LLC)

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Unvested Series D Units. The Granted Series D-1 Units issued pursuant to this Agreement, as adjusted pursuant to Section 2(d) above, Agreement shall initially be deemed Unvested Units (“Unvested Series D Units”) under the LLC Agreement, shall be subject to all of the restrictions on Unvested Units (as well as on Series D Units, in general) under the LLC Agreement and shall carry only such rights as are conferred on Unvested Units under the LLC Agreement. The Unvested Series D Units will become Vested Units (the “Vested Series D Units”) under the LLC Agreement in accordance with the provisions of Sections 4 4, 5 and 5 6 of this Agreement.

Appears in 2 contracts

Samples: Series D Unit Agreement (USW Financing Corp.), Series D Unit Agreement (USW Financing Corp.)

Unvested Series D Units. The Granted Series D-1 Units issued pursuant to this Agreement, as adjusted pursuant to Section 2(d2(e) above, shall initially be deemed Unvested Units (“Unvested Series D Units”) under the LLC Agreement, shall be subject to all of the restrictions 3437015v2 on Unvested Units (as well as on Series D Units, in general) under the LLC Agreement and shall carry only such rights as are conferred on Unvested Units under the LLC Agreement. The Unvested Series D Units will become Vested Units (the “Vested Series D Units”) under the LLC Agreement in accordance with the provisions of Sections 4 and 5 of this Agreement.

Appears in 2 contracts

Samples: Series D Unit Agreement (U.S. Well Services, LLC), Series D Unit Agreement (U.S. Well Services, LLC)

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Unvested Series D Units. The Granted Series D-1 Units issued pursuant to this Agreement, as adjusted pursuant to Section 2(d2(e) above, shall initially be deemed Unvested Units (“Unvested Series D Units”) under the LLC Agreement, shall be subject to all of the restrictions on Unvested Units (as well as on Series D Units, in general) under the LLC Agreement and shall carry only such rights as are conferred on Unvested Units under the LLC Agreement. The Unvested Series D Units will become Vested Units (the “Vested Series D Units”) under the LLC Agreement in accordance with the provisions of Sections 4 4, 5 and 5 6 of this Agreement.

Appears in 2 contracts

Samples: Series D Unit Agreement (USW Financing Corp.), Series D Unit Agreement (USW Financing Corp.)

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