Earnout Participant definition
Examples of Earnout Participant in a sentence
Other than in case of death or disability of the Earnout Participant, Earnout Units may only be transferred by a holder of Earnout Units in connection with a concurrent transfer of OP Units to the same transferee.
The parties acknowledge and agree that, effective as of and contingent upon the Closing, Holder shall be deemed an “Earnout Participant” for purposes of the Earnout Provisions and, without limiting the foregoing, shall be entitled to the rights, benefits and privileges, and subject to the restrictions and obligations, of (a) an Earnout Participant under the Earnout Provisions and (b) this Agreement.
Without limiting the generality of the foregoing, concurrently herewith, each Earnout Participant has delivered to the Issuer a duly executed Stockholder’s Agreement which, among other things, sets forth certain voting agreements of each Earnout Participant.
The rights of an Earnout Participant to receive Foothills Earnout Units and Harrisburg Earnout Units shall, at such Earnout Participant's option, be valued and converted into the right to receive OP Units equal to such value upon the occurrence of a merger, consolidation, sale of all or substantially all of the assets of FMP or the Partnership or other change of control transaction, in which the OP Units of the Partnership are converted into the right to receive cash or other consideration.
Pubco, JWAC and the Company shall be entitled to rely conclusively on the instructions and decisions of the Seller Representative as to (i) any payment instructions provided by the Seller Representative or (ii) any other actions required or permitted to be taken by the Seller Representative hereunder, and no Earnout Participant shall have any cause of action against Pubco, JWAC or the Company.
The Members shall be entitled (i) to receive all distributions (including, without limitation, liquidating distributions) made by the Company, and (ii) to enjoy all other rights, benefits and interests in the Company.
The Earnout Participant shall be entitled to review and/or audit FMP's records pertaining to calculation of the Earnout Units.
Other than in the case of the death or disability of the Earnout Participant, the Earnout Participant shall not transfer its right to receive Foothills Earnout Units and Harrisburg Earnout Units.
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For example, if a mix was designed for use with PG 58-28S, it is acceptable for use with H and V grades with no additional testing.If a design was approved with PG 58-28H, it is acceptable for use with a V grade with no additional testing.However, if dropping to an S grade, evaluate the mix design criteria listed below.