Earnout Units definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

All OP Units issued upon conversion of Earnout Units will upon issuance be duly and validly issued and fully paid OP Units, not subject to any liens and charges created by the Partnership nor subject to any preemptive rights.
Any Class 3 Earnout Units that are unvested as of the end of the Second Earnout Period shall be forfeited upon the date of the expiration of the Second Earnout Period.
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.
So long as any Earnout Units are outstanding, the Partnership shall not, without the affirmative vote of the holders of at least two-thirds of the Earnout Units outstanding at the time, given in person or by proxy, either in writing or at a meeting, amend, alter or repeal the provisions of the this Agreement, so as to materially and adversely affect any right, preference, privilege or voting power of the Earnout Units.
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.

More Definitions of Earnout Units

Earnout Units has the meaning set forth in Section 2.

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 the 25,500,000 Retained OppFi Units held by the Members at the Closing. “Earnout Voting Shares” means the 25,500,000 shares of Class V voting stock to be issued to one of

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

Earnout Units has the meaning set forth in the Recitals.

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 has the meaning set forth in the definition of "Earnout Right."