Applicable Class B Units definition
Applicable Class B Units means at a particular time, collectively, the Vested Units and the Earned Units then outstanding, and the “Earned Units” and “Vested Units” then outstanding under all Other Class B Restricted Unit Agreements.
Applicable Class B Units means at a particular time, collectively, the Vested Units and the Earned Units then outstanding, and the "Earned Units" and "Vested Units" then outstanding under all Other Class B Restricted Unit Agreements.
Applicable Class B Units means the Class B Units to be acquired, directly or indirectly, by the NEP Member (or its nominee) from the Initial Investor pursuant to the exercise of any Call Option, NEP Change of Control Option, or Class B COC Option in accordance with the LLC Agreement.
Examples of Applicable Class B Units in a sentence
If the holders of at least 75% of such Applicable Class B Units object in writing to such issuance within five business days after such notice is given, then the Partnership shall not issue such partnership interests or equity securities unless a substantially contemporaneous pro-rata increase in the Restricted Units, Earned Units and Vested Units, if any, is made (as determined in good faith by the Board).