Company Units definition

Company Units has the meaning set forth in the Recitals.

Company Units means, collectively, the units of interest in the Company, which are represented by the Company Class A Units, Company Class A-1 Units and Company Class B Units.

Company Units means the Common Units and the Restricted Common Units.

Examples of Company Units in a sentence

• A member's interests in the Company ("Units") shall for all purposes be personal property.

• The Managing Member shall from time to time update the Register as necessary to accurately reflect the information therein, including as a result of any sales, exchanges or other Transfers, or any redemptions, issuances or similar events involving Company Units.

• The Company hereby irrevocably elects that all Company Units in the Company shall be securities governed by Article 8 of the Uniform Commercial Code.

• Any distribution declared by the Board shall be paid to the Members in proportion to their Company Units.

• Except upon a Transfer of all of its Company Units in accordance with this Agreement, a Member may not resign from the Company prior to the dissolution and winding up of the Company.

More Definitions of Company Units

Company Units means any of the Class A Units, Class B Units, Series A Preferred Units or Series B Preferred Units.

Company Units has the meaning set forth in Section 3.1(a)(iii).

Company Units means any units of membership interest of the Company.

Company Units means the limited liability company units of the Company.

Company Units shall have the meaning set forth in Section 5.1.

Company Units means (i) any Common Units (including any vested Class B Common Units) purchased or otherwise acquired by any unitholder, (ii) any unvested Class B Common Units, (iii) any Common Units issued or issuable directly or indirectly upon the exercise or exchange of any securities purchased or otherwise acquired by any unitholder which are convertible into or exchangeable for the Company Units described in clause (i) (including pursuant to options to purchase Company Units granted by the Company), and (iv) any Common Units issued or issuable directly or indirectly with respect to the Common Units referred to in clauses (i), (ii) or (iii) above by way of unit distribution or unit split or in connection with a combination of units, recapitalization, merger, consolidation or other reorganization (including any equity securities issued in connection with the conversion of the Company from a limited liability company to a corporation as contemplated in Section 14.1 of the LLC Agreement or otherwise). As to any particular securities constituting Company Units hereunder, such securities shall cease to be Company Units when they have been sold in a Public Sale in accordance with the terms of this Agreement.

Company Units means Units of the Company, as such term is defined in the LLC Agreement.