Escrowed Units definition

Escrowed Units means Units held in accordance with the Escrow Agreement.

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Escrowed Units has the meaning set forth in Section 5(p).

Escrowed Units means and include the Common Units. Furthermore, as used herein, the term “Escrow Fund” shall mean and include (i) the Escrowed Units, (ii) any proceeds from the sale, use or other disposition of the Escrowed Units permitted by the LLC Agreement or this Escrow Agreement and held by the Escrow Agent pursuant to the terms of this Escrow Agreement, (iii) the Put/Call Consideration (when issued and deposited in escrow), and (iv) Interest (the terms in subsections (iii) and (iv) are defined below).

Examples of Escrowed Units in a sentence

• Within fifteen (15) business days of the receipt of the Appraisal Notice, the Board and the Escrow Representative shall each appoint a professional appraiser to determine the fair market value of the Escrowed Units.

• For purposes of the allocations determined in accordance with this Section 4.1, the amount of distributions pursuant to Section 10.3(b) shall be computed by assuming that all of the Unvested Units then outstanding are Vested Units and all Escrowed Units are Non-Escrowed Units.

• All amounts earned, paid or distributed with respect to the Escrow Deposit (whether interest, dividends, distributions from Nextera with respect to the Escrowed Units or otherwise) shall become a part of the Escrow Deposit, shall be held hereunder upon the same terms as the original Escrow Deposit and shall be distributed together with the underlying portion of the original Escrow Deposit pursuant to the terms of this Agreement.

• The parties agree that the Escrowed Units shall constitute the first Common Units sold or otherwise transferred by the Contributors, whether pursuant to the Public Offering or otherwise; provided, however, that the proceeds from the sale of such Escrowed Units shall be treated in accordance with clause (ii) above.

• If the Escrow Representative disputes the fair market value of the Escrowed Units as determined by the Board, then the Escrow Representative shall so notify the Board and Escrow Agent in writing (the "Appraisal Notice") within five (5) business days of receipt of the Valuation Notice.

• Any payment of Escrowed Units by the Escrow Agent to Holdings shall be treated as a sale by the Holders of such Escrowed Units for the value described herein.

• References in this Agreement to the release of Escrowed Units from escrow shall be deemed to mean that half of the Escrowed Units to be released pursuant to such provision will be Atlas Common Units and half of the Escrowed Units to be released pursuant to such provision will be Atlas Preferred Units, and the Parties will instruct the Escrow Agent accordingly.

• Within twenty (20) business days of the receipt of the Appraisal Notice, the Board and the Escrow Representative shall each appoint a professional appraiser to determine the fair market value of the Escrowed Units.

• Any payment of Escrowed Units by the Escrow Agent to Holdings shall be treated as a sale by the Members of such Escrowed Units for the value described herein.

• The balance of the Escrowed Units shall be released from escrow and delivered to the Contributor within five (5) business days thereafter.

More Definitions of Escrowed Units

Escrowed Units means the sum of the Title Dispute Escrow Units, the Environmental Remediation Escrow Units and the General Escrow Units.

Escrowed Units has the meaning ascribed to such term in the definition of Escrowed Equity.” ““OIL” has the meaning ascribed to such term in Section 6.25.”

Escrowed Units. ’ means the 749,999 Class C Units to be issued to the Escrow Securityholder on the Closing Date which will be escrowed pursuant to the Escrow Agreement;

Escrowed Units means the amount of NRP Common Units to be delivered by NRP into the Escrow Account with respect to a particular Rollover Holder as specified in Updated Exhibit C.

Escrowed Units means, on the Closing Date, the number of Units equal to the quotient of (i) $17,500,000 divided by (ii) the average closing price per Common Unit over the 10 Business Days ending on the last Business Day preceding the Closing Date, rounded up or down to the nearest whole number of Units, as such number of Units may be decreased from time to time in accordance with Section 15.9 below. The term “Escrowed Units” shall also include any Common Units converted from any Escrowed Units while such Units are held in escrow in accordance with the terms of Section 15.9