Examples of IDR Holdings in a sentence
The Partnership shall issue 66,100,000 Class D Units to IDR Holdings on the Class D Unit Issuance Date as contemplated by the Waiver.
The Partnership shall issue 1,000 Incentive Distribution Units to IDR Holdings on the Class D Unit Issuance Date as contemplated by the Waiver.
The issuance of the Sponsor Units to NuDevco and the Incentive Distribution Rights to Xxxxxx IDR Holdings is exempt from the registration requirements of the 1933 Act and securities laws of any state having jurisdiction with respect thereto, and none of the Xxxxxx Entities has taken or will take any action that would cause the loss of such exemption.
Exchanged B UnitsAs of December 31, 2018, IDR Holdings had 98,600 Series B Units authorized and outstanding that entitled the holders to receive up to 6% of the amount of the distributions that Antero Midstream Partners made on its incentive distribution rights (“IDRs”) in excess of $7.5 million per quarter, subject to certain vesting conditions.
Exchanged B Units As of December 31, 2018, IDR Holdings had 98,600 Series B Units authorized and outstanding that entitled the holders to receive up to 6% of the amount of the distributions that Antero Midstream Partners made on its incentive distribution rights (“IDRs”) in excess of $7.5 million per quarter, subject to certain vesting conditions.
Acquisition of the Legacy SystemOn February 27, 2015, we completed transactions (the “Transactions”), described in detail below, pursuant to a transaction agreement, dated January 14, 2015 (the “Transaction Agreement”), by and among us, Azure, the general partner, NuDevco and Marlin IDR Holdings, LLC, a Delaware limited liability company and wholly-owned subsidiary of NuDevco (“IDRH”).
Each such share of AMGP Common Stock constituting the Series B Exchange Consideration shall continue to be subject to (x) the terms set forth in the IDR Holdings LLC Agreement and (y) vesting in accordance with the applicable equity grant agreement pursuant to which the Series B Units were issued to the Series B Holders.
Other than as contemplated under Section 7.4, there are no material approvals of any Governmental Entity required to be obtained by IDR Holdings, Preferred Co, NewCo or Merger Sub to consummate the matters contemplated by this Agreement (other than filings with and approvals by the SEC and the NYSE).
Xxxxx Xxxxxxx III Chief Executive Officer NuDevco Midstream Development, LLC Xxxxxx IDR Holdings, LLC By: /s/ W.
AMGP’s cash distributions from Antero Midstream were $27 million for first quarter of 2018, net of $0.8 million and $0.4 million of cash reserved and cash distributed to Series B units of IDR Holdings LLC, respectively.