New Common Unit Issuance definition

New Common Unit Issuance means the issuance of VNR Common Units as part of the Merger Consideration pursuant to this Agreement.

New Common Unit Issuance means the issuance of Common Units as part of the Merger Consideration pursuant to this Agreement. “New Common Units” shall have the meaning set forth in Section 3.1(c).

New Common Unit Issuance has the meaning set forth in Section 3.1(c).

Examples of New Common Unit Issuance in a sentence

• The VNR Conflicts Committee has determined that this Agreement and the transactions contemplated hereby, including the Merger and the New Common Unit Issuance (collectively, the “VNR Merger Transactions”) are fair and reasonable to, and in the best interests of, VNR and the VNR Unaffiliated Unitholders, and such action by the VNR Conflicts Committee constituted “Special Approval” (as defined in the VNR LLC Agreement) of this Agreement and the VNR Merger Transactions.

• The VNR Conflicts Committee and the VNR Board shall recommend approval of the New Common Unit Issuance to the holders of VNR Common Units, and VNR shall take all reasonable lawful action to solicit such approval by the holders of VNR Common Units.

• Parent will, through the Parent Board, recommend to the Parent Unitholders approval of the New Common Unit Issuance (the “Parent Board Recommendation”).

• The approval of the New Common Unit Issuance by the majority of the votes cast affirmatively or negatively by holders of the outstanding Parent Common Units and Parent Class B Units at a duly called meeting of the Parent’s members (the “Parent Unitholder Approval”) is the only vote or approval of any class or series of securities of Parent necessary to approve the Agreement and the transactions contemplated hereby, including the Merger and the New Common Unit Issuance.

More Definitions of New Common Unit Issuance

New Common Unit Issuance has the meaning set forth in Section 3.1(c). “Notice Period” has the meaning set forth in Section 7.3(d)(i).