Holdings Class B Units definition

Holdings Class B Units means the Class B Common Units of Holdings, which will have full economic rights, but no voting rights to the fullest extent permitted by the DCGL, not be transferrable except in conjunction with the transfer of an equal number of shares of Class V Common Stock and shall otherwise be subject to the terms and conditions set forth in the Amended Holdings Operating Agreement.
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Examples of Holdings Class B Units in a sentence

  • As of August 10, 2021, the issued and outstanding Holdings Interests of Holdings consisted of (i) 41,040,721 Class A Units and (ii) 34,218,535 Holdings Class B Units.

  • Notwithstanding anything to the contrary contained in this Agreement, Holdings Class B Units and shares of Purchaser Class V Common Stock are not publicly listed or traded securities and nothing in this Agreement shall require the Purchaser to conduct any Registration hereunder which would cause such securities to become publicly listed or publicly traded securities or otherwise subject to Section 12(g) of the Exchange Act.

  • The Purchaser may terminate this Agreement with respect to some or all of the Holdings Class B Units and Purchaser Class V Shares held (or previously held and exchanged) by Seller at any time by paying to Seller the Early Termination Payment; provided, that the Purchaser may not terminate this Agreement prior to the fifth anniversary of the date of this Agreement except in the event of a Change of Control.

  • In the event of any distribution of the Holdings Class B Units and Purchaser Class V Shares by Seller to its members, the members of Seller, as a condition to receiving such distribution, shall irrevocably appoint the Representative as their agent, attorney-in-fact and representative, with the indemnities, immunities, releases and powers granted by the Seller under this Section 7.08 (with the obligations of such members being pro rata among the members based on the distribution received).

  • Other than the Existing Company Class B Units, Existing Company Class B Participation Units and Management Holdings Class B Units, there are no outstanding or authorized options, unit appreciation, phantom unit, profit participation or similar rights with respect to any ownership interests of, or other equity or voting interest in, any Company Party to which any Company Party or Subsidiary of any Company Party is a party or is bound.

  • In exchange for such redemptions, (I) Offshore Fund I hereby receives from TES Holdings a number of TES Units with a value equal to the TES Offshore Fund Equity Value (with each TES Unit being valued based on the IPO Price) and (II) each of the TES Carried Interest Holders is hereby entitled to receive from TES Holdings Class B Units in TES Holdings II pursuant to Section 2.4(e).

Related to Holdings Class B Units

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

  • 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.

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

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

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

  • 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.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Common Units is defined in the Partnership Agreement.

  • Class C Member means a Member holding the Class C Ordinary Share.

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

  • Class B Interests As set forth in the Trust Agreement.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Common Unitholder means a Member who is the registered holder of Common Units.

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

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Company Class B Common Stock means the Class B common stock, par value $0.01 per share, of the Company.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Company Class A Common Stock means the Class A common stock, par value $0.0001 per share, of the Company.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Current Class B Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class B Certificates pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and twentieth of Section 4.01(a) on such Distribution Date.