Class B Incentive Units definition

Class B Incentive Units means the Units designated as Class B Incentive Units under this Agreement.
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Class B Incentive Units means the Units designated as Class B Incentive pursuant to Section 3.1.
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Class B Incentive Units shall have the meaning as that term is defined in Section 2.08.
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Examples of Class B Incentive Units in a sentence

  • The Company is hereby authorized to issue a total of 333,575,262 Class A Units and 55,729,052 Class B Incentive Units (which amount shall automatically increase proportionally by any amounts of Class A Units reserved after the date hereof pursuant to Section 3.2 or issued pursuant to Section 3.12 or Section 3.13).

  • NS/RXR Strategic Agreement means the Limited Liability Company Agreement of RXR Realty LLC, dated as of December 20, 2013, by and among Tristate Realty Investor-T, LLC, RXR Subholdings LLC, RXR Partners LLC, and each person allocated Class B Incentive Units set forth on Exhibit B thereto, as heretofore amended and as may be further amended from time to time.

Related to Class B Incentive Units

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

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

  • 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.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

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

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

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

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

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

  • Class B Interests As set forth in the Trust Agreement.

  • 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.

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

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

  • Unvested Units means any Executive Units which are not Vested Units.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Class C Shares means the shares of Class C common stock of the Company.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

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