Examples of Company Common Unit in a sentence
All of the United Merger Sub Interests issued and outstanding immediately prior to the Effective Time shall be converted into one (1) fully paid and nonassessable Company Common Unit, as the common units of the Surviving Company.As of the Effective Time, all such Company Preferred Units and Company Common Units referred to in clauses (i) and (ii) above shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist.
Section 1.5(a)(ii) sets forth a true and correct determination of the number of shares of Parent Common Stock into which each Company Common Unit, each Company Profits Interest Common Unit and each Company Series A Preferred Unit is convertible pursuant to the Merger.
Each Company Common Unit issued and outstanding immediately prior to the Effective Time (other than any Cancelled Units) shall be automatically converted intothe right to receive a number of fully paid and nonassessable shares of HoldCo Common Stock equal to the Company Common Unit Common Stock Consideration Ratio (subject to rounding in accordance with Section 2.5).
No dividends or other distributions in respect of the Parent Common Stock shall be paid to any holder of any unsurrendered Company Common Unit until the Book-Entry Unit is surrendered for exchange in accordance with this Section 2.02.
Each holder of Company Common Units who wishes to make a Company Common Unit Exchange must deliver to Parent a ProperlyCompleted Transmittal Letter prior to the Election Deadline.
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The Merger Sub Units issued and outstanding immediately prior to the Effective Time shall be converted into and exchanged for one validly issued, fully paid and nonassessable Company Common Unit of the Surviving Company.
The Company shall, in accordance with the TBOC and its Certificate of Formation and Limited Liability Company Agreement, obtain, in lieu of holding a Common Unit holder meeting, the written consent of such Company Common Unit holders and/or waivers necessary under its Certificate of Formation or Limited Liability Company Agreement and the TBOC to obtain the necessary approval of this Agreement and the transactions contemplated hereby (the "Company Equityholder Consent").
The OP Merger, in combination with the intended liquidation of the Surviving Company and any Company Common Unit Exchange, are intended to be a contribution of Company Common Units to Parent L.P. governed by Section 721(a) of the Code.
No dividends or other distributions in respect of the Parent Common Stock shall be paid to any holder of any unsurrendered Company Common Unit until the Book-Entry Unit is surrendered for exchange in accordance with this Section2.02.