Earnout Units definition

Earnout Units means the Class 1 Earnout Units, the Class 2 Earnout Units and the Class 3 Earnout Units.

Earnout Units means the 25,500,000 Retained OppFi Units held by the Members at the Closing.

Earnout Units has the meaning set forth in Section 11.3.

Examples of Earnout Units in a sentence

• If any Earnout Units are outstanding prior to the occurrence of a revaluation event described in this paragraph, the Company shall adjust the Book Values of its assets in accordance with principles similar to those set forth in Treasury Regulation Section 1.704-1(b)(2)(iv)(h)(2).

• Upon such conversion, the corresponding Earnout Units shall be cancelled and of no force and effect, except with respect to the right of the holder thereof to receive the OP Units, cash or other assets to be issued as a result of the conversion.

• If the Earnout Term shall expire on account of a Property Sale or an Interest Sale, then within 5 days thereafter, the Partnership shall convert each Earnout Unit for an amount of OP Units (rounded to the nearest OP Unit), if any, equal to the quotient obtained by dividing (x) the quotient obtained by dividing the IRR Excess by the Market Price as of the date of such Property Sale or Interest Sale; by (y) the aggregate number of Earnout Units then outstanding.

• 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.

• From and after the date hereof, no additional Earnout Units shall be issued or sold by the Partnership, except on a pro rata basis to the holders of record of the Earnout Units immediately prior to such issuance or sale.

More Definitions of Earnout Units

Earnout Units has the meaning set forth in Section 2.

Earnout Units means the First Earnout Units and the Second Earnout Units. “Electing Company Group Holder” has the meaning set forth in Section 2.4(a).

Earnout Units means (i) 4,000,000 Membership Units, for the First Earnout Period, and (ii) 5,500,000 Membership Units, for the Second Earnout Period.

Earnout Units means an aggregate of: (a) 1,250,000 Series 2 Earnout Units (as defined in the Company A&R LLCA) and 1,250,000 Series 4 Earnout Units (as defined in the Company A&R LLCA) issued to CF OMS; (b) 1,250,000 Series 2 Earnout Units and 1,250,000 Series 4 Earnout Units issued to the Surviving Blocker; and (c) 1,725,000 Series 1 Earnout Units (as defined in the Company A&R LLCA), 1,725,000 Series 3 Earnout Units (as defined in the Company A&R LLCA) and 1,725,000 Series 5 Earnout Units (as defined in the Company A&R LLCA) issued to Surviving MDH; which Earnout Units may be converted into an equal number of Common Units upon the occurrence of the Milestones set forth in Section 3.3 or the Sponsor Letter Agreement, as applicable, and in accordance with the terms of the Company A&R LLCA.

Earnout Units means the Units which are restricted subject to vesting, including the Series 1 Earnout Units, the Series 2 Earnout Units, the Series 3 Earnout Units, the Series 4 Earnout Units and the Series 5 Earnout Units. Except as otherwise expressly set forth in this LLC Agreement, no Earnout Unit shall entitle the holder thereof to (a) receive any distributions pursuant to this LLC Agreement or otherwise hold any economic interest or percentage interest in the Company or (b) hold any voting rights.

Earnout Units means any Class B Common Units issued by Triller to HoldCo as Earnout Consideration.

Earnout Units means the First Earnout Units and the Second Earnout Units.