Common Unit Equivalents definition

Common Unit Equivalents means any combination of: (i) REUs that are or become vested pursuant to Section 2.1 of this Agreement and Common Units delivered upon Settlement of any such REUs (even if they are Transfer Restricted Common Units) and (ii) REUs designated as “public company holdings units” granted to the Grantee under the Plan that are or become vested pursuant to a provision similar to Section 2.1 of this Agreement and Common Units delivered upon Settlement of any such REUs (even if a provision similar to the transfer restrictions on Transfer Restricted Common Units has not yet been satisfied).

Common Unit Equivalents means any securities of the Company or any of its subsidiaries that would entitle the holder thereof to acquire at any time Common Units, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Units.

Common Unit Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Units, including, without limitation, any debt, preferred unit, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Unit.

Examples of Common Unit Equivalents in a sentence

• If the computation of the Available Cash per Common Unit under the previous sentence causes the number of Common Unit Equivalents to increase or decrease under the terms of this Section 5.10(d), the Available Cash per Common Unit will be recomputed using the increased or decreased number of Common Unit Equivalents.

• If the recomputation of the Available Cash per Common Unit taking into account the increased or decreased Common Unit Equivalents is less than (or greater than) the applicable Target Distribution that caused the Common Unit Equivalents to tentatively increase (or decrease), the Common Unit Equivalents will be the same as those Outstanding for the previous Quarter (or, if applicable, the Common Unit Equivalents associated with the level of Target Distribution which is supported following recomputation).

• If a conversion event described in Section 5.10(e) occurs during the period between the end of a Quarter and the date when the Board of Directors of the General Partner determines the amount of the distribution of Available Cash with respect to such Quarter, then the Board of Directors of the General Partner may determine that Management Incentive Units represent a greater or lesser number of Common Unit Equivalents based on the expected distribution of Available Cash with respect to such Quarter.

• Any reduction in the Common Unit Equivalents pursuant to the previous sentence shall be done on a pro rata basis, such that the Common Unit Equivalents associated with each Management Incentive Unit is reduced by an equal amount.

• Any reduction in the deemed Common Unit Equivalents pursuant to the previous sentence shall be done on a pro rata basis, such that the Common Unit Equivalents associated with each Management Incentive Unit is reduced by an equal amount.

More Definitions of Common Unit Equivalents

Common Unit Equivalents means the number of Common Units which a Management Incentive Unit is considered to represent under Section 5.10(d) or, if applicable, under Section 6.3(d).

Common Unit Equivalents means any security or obligation that is by its terms, directly or indirectly, convertible into, exchangeable, or exercisable for Common Units, and any option, warrant, or other right to subscribe for, purchase, or acquire Common Units.

Common Unit Equivalents means any Unit Equivalent convertible into or exercisable or exchangeable for Common Units.

Common Unit Equivalents means, at any time, (i) the number of Common Units issued and outstanding, (ii) with respect to Class A Units issued and outstanding, the number of Common Units to which such Class A Units are deemed to be equivalent pursuant to Section 5.2 of the LLC Agreement at such time, (iii) with respect to Class A-1 Units issued and outstanding, the number of Common Units to which such Class A-1 Units are deemed to be equivalent to pursuant to Section 5.2 of the LLC Agreement at such time, (iii) with respect to Class B-1 Units issued and outstanding, the number of Common Units to which such Class B-1 Units are deemed to be equivalent pursuant to the provisions of Section 5.2 of the LLC Agreement at such time, (iv) with respect to Class C Units issued and outstanding, the number of Common Units into which such Class C Units are convertible pursuant to Section 5.3 of the LLC Agreement at such time, (vi) with respect to Class D Units issued and outstanding, the number of Common Units into or for which such Class D Units are convertible pursuant to Section 5.4 of the LLC Agreement at such time, (vii) with respect to the Derivative Units, the number of Common Units such Derivative Units are deemed to be equivalent to pursuant to Article VI of the LLC Agreement at such time, and (viii) with respect to Vested Profits Units (other than for purposes of determinations of voting rights), one Common Unit.

Common Unit Equivalents means, with respect to any Member, any Convertible Securities owned by such Member.

Common Unit Equivalents means all (i) options, warrants and othersecurities convertible into, or exchangeable or exercisable for (at any time or upon the occurrence of any event or contingency and without regard to any vesting or other conditions to which such securities may be subject) Common Units of the Company (including, without limitation, any note or debt security convertible into or exchangeable for Common Units of the

Common Unit Equivalents means the number of Common Units held by a Party, plus the number of Common Units into which any Series of Preferred Units held by that Party would convert at the then applicable conversion price, plus the number of Common Units for or into which any Convertible Securities held by that Party could be exercised or converted at the then applicable exercise price or conversion price.