Liquidation FMV definition

Liquidation FMV has the meaning set forth in Section 12.2(b).
Sample 1Sample 2Sample 3
Liquidation FMV has the meaning ascribed to such term in the LLC Agreement.
Sample 1Sample 2Sample 3
Liquidation FMV has the meaning set forth in Section 9.02(c) of this Agreement.
Sample 1Sample 2

Examples of Liquidation FMV in a sentence

  • If the Incentive Unit is not vested on or prior to the Liquidity Event or the Liquidation FMV of the underlying Class A Units does not exceed the Exercise Price of the Option on the date of the Liquidity Event, the Administrator may cancel such Incentive Units on the date of the Liquidity Event (other than in connection with an Initial Public Offering) without any payment of consideration therefor.

  • In no event may the Exercise Price or Profits Interest Threshold of an Incentive Unit be less than the Liquidation FMV of the underlying Units as of the date of grant of the Incentive Unit.

  • Employee’s Option Agreement is hereby amended to provide that the maximum number of Class A Units that Employee can purchase under the Option Agreement shall be capped at that number of Class A Units whose Liquidation FMV equals the number of Class A Units with respect to which the Option is vested multiplied by the Profits Interest Threshold of $76.00 per Incentive Unit.

  • The Company or its assignee shall have the option to repurchase the Class A Units from Employee or Employee’s successor on Employee’s death, as the case may be, at their then fair market value which is equal to the Liquidation FMV of the Class A Units as defined by the Equity Incentive Plan.

  • The purpose of this adjustment is to cap the economic value of the Option to the amount that equals the Liquidation FMV of the underlying Class A Units at the time of this Amendment over the Exercise Price of the Option before the adjustment described in this Section 3.

  • As soon as the Liquidation FMV and the proper amounts of Distributions have been determined in accordance with Section 12.02(b), the liquidators shall promptly distribute the Company’s Liquidation Assets to the holders of Units in accordance with Section 4.01.

  • The Liquidation FMV shall be payable, at the option of the Company or its assignee, by check or wire transfer.

  • In no event may the Exercise Price or Profits Interest Threshold of an Incentive Unit be less than the Liquidation FMV of the underlying Units as of the date of grant of the Incentive Unit, except as otherwise set forth in Section 8(e) below.

  • The exercise price for the Option Units per Class A Unit (the “Exercise Price”) will be equal to $[___________], which is equal to the Liquidation FMV, as defined below, of a Class A Unit on the Grant Date.


More Definitions of Liquidation FMV

Liquidation FMV means the amount that would be received in respect of such Incentive Unit if all the Company’s assets were sold at fair market value and the proceeds distributed in complete liquidation of the Company.
Sample 1Sample 2
Liquidation FMV has the meaning set forth in Section 10.2(b) hereof.
Sample 1
Liquidation FMV has the meaning set forth in Section 18.5(b)(ii).
Sample 1
Liquidation FMV under the Equity Incentive Plan means the amount that would be received in respect of such Class A Units if all of the Company’s assets were sold at fair market value and the proceeds distributed in complete liquidation of the Company. The Liquidation FMV shall be payable, at the option of the Company or its assignee, by check or wire transfer. Notwithstanding the foregoing, the Company or its assignee shall have the right to pay all or any portion of the Liquidation FMV by issuing to Employee or Employee’s successor on Employee’s death an unsecured promissory note which shall accrue interest at the national prime rate as reflected in The Wall Street Journal on the date of exercise of the repurchase right and shall be payable in twelve (12) equal monthly installments of principal and interest, commencing one (1) month following the date of exercise of the repurchase right. Employee or Employee’s successor on Employee’s death hereby acknowledges that any Class A Units delivered to Employee or Employee’s successor on Employee’s death pursuant to the Option may not be sold or otherwise transferred other than as set forth in the Operating Agreement or by operation of law.”
Sample 1
Liquidation FMV has the meaning set forth in Section 3.10.
Sample 1

Related to Liquidation FMV

  • Liquidation Date means (a) in the case of an event giving rise to the dissolution of the Partnership of the type described in clauses (a) and (b) of the first sentence of Section 12.2, the date on which the applicable time period during which the holders of Outstanding Units have the right to elect to continue the business of the Partnership has expired without such an election being made, and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs.

  • Liquidation Event With respect to any Mortgage Loan, any of the following events: (i) such Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made as to such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by reason of its being purchased, sold or replaced pursuant to or as contemplated by Section 2.03, Section 3.16(a) or Section 9.01. With respect to any REO Property, either of the following events: (i) a Final Recovery Determination is made as to such REO Property; or (ii) such REO Property is removed from REMIC I by reason of its being purchased pursuant to Section 9.01.

  • Liquidation means the distributions of the Trust Account to the Public Stockholders in connection with the redemption of the Common Stock held by the Public Stockholders pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation, as amended, if the Company fails to consummate a Business Combination with the time period provided therein.

  • Pro-rata Liquidation means an amount equal to the liquidation of the relevant Collateral Assets held in the Margin Account for a Series of ETP Securities, pro rata to the amount of ETP Securities being redeemed divided by the total number of ETP Securities for such Series, after the pro rata deduction of all costs and expenses incurred by the Issuer in connection with the liquidation of such Collateral Assets, the pro rata deduction of the Arranger Fee and any Funding and Brokerage Fees.