Carried Common Units definition

Carried Common Units has the meaning set forth in the recitals hereto
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Carried Common Units will continue to be Carried Common Units in the hands of any holder other than the Purchasers (except for the LLC), and except as otherwise provided herein, each such other holder of Carried Common Units will succeed to all rights and obligations attributable to a Purchaser as a holder of Carried Common Units hereunder. Carried Common Units will also include equity of the LLC (or a corporate successor to the LLC or a subsidiary of the LLC) issued with respect to Carried Common Units (i) by way of a unit split, unit dividend, conversion, or other recapitalization, (ii) by way of reorganization or recapitalization of the LLC in connection with the incorporation of a corporate successor prior to a Public Offering (as defined in the LLC Agreement) or (iii) by way of a distribution of securities of a subsidiary of the LLC to the members of the LLC. Notwithstanding the foregoing, after any transfer of Unvested Common Units, such Unvested Common Units shall remain Unvested Common Units subject to further vesting in accordance with the terms hereof.
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Examples of Carried Common Units in a sentence

  • The Carried Common Units shall be subject to vesting in the manner specified in this Section 2.

  • In exchange, Executive hereby authorizes Holdings LLC and the Company to cancel the certificate or certificates representing the Carried Common Units.

  • The Carried Common Units (including the Standard Carried Common Units which shall vest on a basis proportionate to the total number of Carried Common Units) shall be subject to vesting in the manner specified in this SECTION 2.

  • The Company will deliver to Executive a unit ownership ledger evidencing Executive’s ownership of such Carried Common Units, and Executive will deliver to the Company a cashier’s or certified check or wire transfer of immediately available funds in the aggregate amount of $49.69 as payment for the Carried Common Units.

  • There shall be no Repurchase Option with respect to any Carried Common Units which are no longer Unvested Common Units.

Related to Carried Common Units

  • Common Units is defined in the Partnership Agreement.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Units means the Class B Units of the Company.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Company Units has the meaning set forth in the Recitals.

  • Cumulative Common Unit Arrearage means, with respect to any Common Unit, whenever issued, and as of the end of any Quarter, the excess, if any, of (a) the sum of the Common Unit Arrearages with respect to an Initial Common Unit for each of the Quarters within the Subordination Period ending on or before the last day of such Quarter over (b) the sum of any distributions theretofore made pursuant to Section 6.4(a)(ii) and the second sentence of Section 6.5 with respect to an Initial Common Unit (including any distributions to be made in respect of the last of such Quarters).

  • Common Unit Arrearage means, with respect to any Common Unit, whenever issued, as to any Quarter within the Subordination Period, the excess, if any, of (a) the Minimum Quarterly Distribution with respect to a Common Unit in respect of such Quarter over (b) the sum of all Available Cash distributed with respect to a Common Unit in respect of such Quarter pursuant to Section 6.4(a)(i).

  • Class B Common Shares means shares of Class B Common Stock.

  • Membership Units means membership interests in the Company.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Existing Common Stock means shares of common stock of Delphi that are authorized, issued, and outstanding prior to the Effective Date.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • New Common Shares means the common stock or common equity of Reorganized XOG to be issued on the Effective Date.

  • Class A LP Units means the Class A limited partnership units of the Partnership.