Exchangeable Unit definition

Exchangeable Unit has the meaning set forth in the Exchange Agreement.

Exchangeable Unit means each Class B Unit and any other Unit designated as an Exchangeable Unit by the Company.

Exchangeable Unit means each Class B Common Unit.

Examples of Exchangeable Unit in a sentence

• Unless otherwise agreed to in writing by the Exchangeable Unit Member and the Manager, it is intended that, for U.S. federal and applicable state and local income tax purposes, each Exchange be treated as direct exchange between the Manager and the Exchangeable Unit Member that is a taxable transaction to the Exchangeable Unit Member.

• Distributions with a Record Date on or before the Exchange Date shall be made to the Exchangeable Unit Member.

• The Company shall provide to each Exchangeable Unit Holder the form of Elective Exchange Notice and the means for delivery of that Elective Exchange Notice.

• Except as otherwise required by Law, the Manager shall, for U.S. federal income tax purposes, be treated as paying an appropriate portion of the selling expenses described in the previous sentence as agent for and on behalf of the Exchangeable Unit Member.

• To the extent the Class A Common Stock is settled through the facilities of The Depository Trust Company, the Manager or the Company will, upon the written instruction of an Exchangeable Unit Member, deliver the shares of Class A Common Stock deliverable to such Exchangeable Unit Member through the facilities of The Depository Trust Company to the account of the participant of The Depository Trust Company designated by such Exchangeable Unit Member in the Exchange Notice.

More Definitions of Exchangeable Unit

Exchangeable Unit means a Common Unit held by any member of the Titanium Family Group or any Family Transferee.

Exchangeable Unit means a Class A Common Unit or an Exchangeable Class B Common Unit. For the avoidance of doubt, the Class A Common Units held by the Corporation are not Exchangeable Units.

Exchangeable Unit means (a) any OCGH Unit issued and outstanding on the Merger Closing Date immediately after giving effect to the Transactions and (b) any Permitted Post-Closing OCGH Units.

Exchangeable Unit means each OP Class A Common Unit, other than an OP Class A Common Unit held by the Corporation or its subsidiaries.

Exchangeable Unit means a Common Unit. For the avoidance of doubt, the Common Units held by Pubco are not Exchangeable Units.

Exchangeable Unit means each Class B Unit and any other Unit designated as an Exchangeable Unit by the Company. “Exchangeable Unit Member” means (i) each Member, other than the Manager and any of its wholly owned Subsidiaries, that

Exchangeable Unit means a Common Unit held by the Member.