First Tranche Units definition

First Tranche Units means the 5,434,652 shares of phantom stock designated as "First Tranche Units" under the 2007 Management Equity Incentive Plan.
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First Tranche Units means an aggregate of 9,800,000 Units;
Sample 1
First Tranche Units means the 10,294,412 Units to be issued on the First Closing Date;
Sample 1

Examples of First Tranche Units in a sentence

  • Representatives of the proposed subcontractors and vendors shall attend such conference if requested by the OWNER.

  • Any First Tranche Units that are unearned as of March 10, 2008 shall continue to be unearned.

  • The Seller is the beneficial and legal owner of record of all of the Preferred Units to be delivered by the Seller and the Seller holds such Preferred Units free and clear of all Liens, except for the GE Liens, which (i) with respect to the First Tranche Units, shall be released at the Initial Closing and (ii) with respect to the portion of the Second Tranche Units to be purchased and sold at each Subsequent Closing, shall be released at such Subsequent Closing.

  • Subject to the terms and conditions set forth herein, the closing (the "Initial Closing") of the purchase and sale of the First Tranche Units and the deliveries required at the Initial Closing shall occur via certified mail, overnight courier, email and/or facsimile delivery on February 6, 2004, unless a different date shall be agreed upon in writing by the Seller and the Purchaser.

  • For employees hired on or after March 10, 2007, the First Tranche Units shall be subject to vesting on the First Vesting Date as to only a pro-rata portion based on the number of full and partial months the employee was employed between March 10, 2008 and March 9, 2009.

  • Any First Tranche Units remaining unvested following the First Vesting Date (regardless of any pro rata vesting in the first year) shall be eligible for vesting in accordance with the same schedule as pre-March 10, 2007 employees.

  • The Common Stock Conversion Price of the First Tranche Units shall be the average closing bid price of the Common Stock for the five trading days preceding the date of the Initial Advance (the "Initial Funding Date").

  • The Issuer will be deemed to have accepted this offer upon the delivery at the Closing of Share and Warrant certificates representing the First Tranche Units referred to in section 2.2.

  • The Units issued on conversion of the Initial Advance (as defined in the Bridge Note) are referred to as the "First Tranche Units" and the Units issued on conversion of the Subsequent Advance (as defined in the Bridge Note) are referred to as the "Second Tranche Units." The holders of the Units are collectively referred to as the "Investor".

  • If the Third Party Financing closes on or before May 30, 2001 and the Third Party Financing Common Stock Conversion Price is less than the Common Stock Conversion Price for the First Tranche Units, then the Common Stock Conversion Price for the First Tranche Units shall be reduced to the Third Party Financing Common Stock Conversion Price and the number of shares of Common Stock into which the Units are convertible (the "Conversion Shares") shall be adjusted accordingly.

Related to First Tranche Units

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Schedule 1 to this Agreement.

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Tranche 2 means the amount of [**] to be applied in payment of the third pre-delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto;

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Accelerated Purchase Share Percentage means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, thirty percent (30%).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Optional Purchase Percentage means 5%.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Class B Units means the Class B Units of the Company.

  • Additional Accelerated Purchase Share Percentage means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, thirty percent (30%).

  • Tranche A has the meaning assigned in Section 2.1(c)(i).

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

  • Class C Shares means shares of the Class C Common Stock.