Class A-1 Interests definition
Examples of Class A-1 Interests in a sentence
If not previously forfeited, unvested Performance Vesting Units shall be forfeited upon the final disposition by the Sponsors of all their Class A-1 Interests of the Partnership.
As soon as reasonably practicable following the execution of this Agreement, the Company shall provide written notice to each Member setting forth the Hypothetical Liquidation Value attributable to the Class A-1 Interests, Class A-2 Capital Interests, Class A-2 Profits Interests and/or Class B Interests previously held thereby and the resulting number of Common Units then owned thereby.
The Class A-1 Interests and the Class A-2 Interests shall be referred to herein as the “Class A Interests”.
The Company’s Membership Interests shall be divided into Class A Unit Interests (each a “Class A Unit”), Class A-1 Interests (each a “Class A-1 Unit”), and each other Unit Interest, if any, as determined by the Board.
Except with respect to OEP’s investment in Class A-1 Interests in connection with the execution of the Joinder Agreement, any issuance of Class A-1 Interests which is not accompanied by an issuance of a proportionate amount of shares in the General Partner to such Person shall be null and void.
Any such Disposition of Class A-1 Interests which is not accompanied by a Disposition of a proportionate amount of such Class A-1 Limited Partner’s shares in the General Partner shall be null and void.
The Class A-1 Interests shall be evidenced by “Class A-1 Units,” the Class B Interests shall be evidenced by “Class B Units” and the Class D Interests shall be evidenced by “Class D Units”.
At any time, there may not be more than ten owners of Class A1 Interests and Class A2 Interests.
Class A-1 Interests shall be exchangeable for Class A-2 Interests (on a Percentage Interest for Percentage Interest basis) at any time by the holder thereof, and shall automatically be exchanged for Class A-2 interests if such interests are transferred to a Person other than a Triarc Affiliated Party.
The Class A-1 Interests shall be entitled to a number of votes equal to ten (10) multiplied by the Percentage Interest represented thereby, and the Class A-2 Interests and Class C Profits Only Interests each shall be entitled to a number of votes equal to one (1) multiplied by the Percentage Interest represented thereby.