Blocker Percentage definition

Blocker Percentage means the percentage of the issued and outstanding Common Units of the Company held by Blocker, which is 70% on the Execution Date, subject to increase to take into account the issuance of the Common Units of the Company issued pursuant to the INVIDI Contribution.
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Blocker Percentage equals a percentage to be determined by the Company Board, including the Series C Manager (as defined in the Company’s Organizational Documents), in accordance with the Company’s Organizational Documents.
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Blocker Percentage means the quotient, expressed as a percentage, of (i) the amounts paid in respect of the CSV Blocker pursuant to “Distribution Steps” 2 and 3 as set forth on Exhibit C over (ii) the aggregate amount paid pursuant to such steps.
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Examples of Blocker Percentage in a sentence

  • The aggregate purchase price to be paid by Purchaser to Seller in consideration of the Purchased Interests is (i) the product of (x) the Enterprise Value and (y) the Blocker Percentage (ii) (A) plus the Blocker Closing Adjustment (if the Blocker Closing Adjustment is positive) or (B) minus the absolute value of the Blocker Closing Adjustment (if the Blocker Closing Adjustment is negative) (the “Purchase Price”).

  • TPG may, in its sole discretion, elect to reduce the Blocker Percentage to an amount less than 2.2799% by delivering a notice to each of the Parties no later than two (2) Business Days prior to the Closing Date, which notice shall specify the reduced Blocker Percentage.

  • Following the consummation of the Blocker Restructuring Transactions, the Blocker Held Units will constitute the Blocker Percentage of the issued and outstanding common BRS LLC Units and the Blocker Percentage of the issued and outstanding common Equity Interests of BRS Newco.

  • Following the consummation of the Blocker Restructuring Transactions, the Company will be the record and beneficial holder of the product of (x) the Blocker Percentage and (y) 1,000 Common Units of BRS LLC and the product of (i) the Blocker Percentage and (ii) 1,000 Common Units of BRS Newco (collectively, the “Blocker Held Units”).

  • To the extent the Debt-Financed Distribution Amount exceeds $1,625,000,000, an amount equal to the Blocker Percentage of the excess distributed to Blocker as the Blocker Distribution Amount shall reduce the Synthetic Dividend Payment payable under the Seller Note (but not below zero).


More Definitions of Blocker Percentage

Blocker Percentage has the meaning set forth in the Purchase Agreement, reflecting any adjustment to such percentage made pursuant to Section 6.10 of the Purchase Agreement.
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Blocker Percentage means 2.2799% or such lower percentage specified by TPG pursuant to Section 6.10, which shall represent the percentage of the issued and outstanding Class A Common Units and Preferred Units of each of the Company and BRS Newco to be held by TPG Blocker as of the Closing.
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Blocker Percentage means, with respect to each Blocker Parent, a fraction (expressed as a percentage), the numerator of which is the total number of Fully Diluted Units held by the Blocker owned by such Blocker Parent and the denominator of which is the total number of Fully Diluted Units outstanding, in each case, issued and outstanding as of immediately prior to the Stock Purchase.
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