New Crumbs Class B Exchangeable Units definition

New Crumbs Class B Exchangeable Units has the meaning ascribed to such term in the Surviving Company LLC Agreement.
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New Crumbs Class B Exchangeable Units has the meaning set forth in Section 3.1(a).
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New Crumbs Class B Exchangeable Units means the membership interests in the Company designated as “New Crumbs Class B Exchangeable Units” in the New Crumbs LLC Agreement and any equity securities issued or issuable in exchange for, or with respect to, such New Crumbs Class B Exchangeable Units (i) by way of a dividend, split or combination of equity interest or (ii) in connection with a reclassification, recapitalization, merger, consolidation or other reorganization.
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Examples of New Crumbs Class B Exchangeable Units in a sentence

  • Notwithstanding the foregoing, in addition to any other consent that may be required, any amendment of this Agreement that requires a holder of New Crumbs Class B Exchangeable Units on the date hereof to make a Capital Contribution (including as a condition to maintaining any rights necessary to permit such holders to exercise their rights under the Exchange Agreement) shall require the consent of such holder of New Crumbs Class B Exchangeable Units.

  • Except as otherwise expressly provided in this Agreement or any non-waivable provision of the Act, New Crumbs Class B Exchangeable Units shall not be entitled to vote with respect to any action required or permitted to be taken under this Agreement.

  • The Company shall deliver (or promptly cause to be delivered) such Reciprocate Common Stock to the Designated Recipient(s) on the Exchange Date in exchange for the number of New Crumbs Class B Exchangeable Units being exchanged by the Exchanging Member.

  • Each Exchanging Member shall have the right (the “Exchange Rights”) at any time and from time to time to surrender any or all of the New Crumbs Class B Exchangeable Units held by such Exchanging Member in exchange for the issuance by Parent to the Designated Recipient(s) of the Reciprocate Common Stock, as provided in and subject to the adjustments set forth in this Agreement and the Business Combination Agreement.

  • The Option Plan does not have a termination date but according to Toronto Stock Exchange requirements all available and unreserved securities must be approved every three years by the directors and shareholders.

  • Parent’s capital account with respect to the newly issued New Crumbs Class A Voting Units shall be equal to the capital account of the cancelled New Crumbs Class B Exchangeable Units.

  • The Company shall issue such additional New Crumbs Class B Exchangeable Units or other Equity Securities to the Legacy Members and/or such other Persons as required by the Business Combination Agreement and/or to the Legacy Members or such other Persons as required by the Exchange Agreement and/or this Section 3.2 and Section 3.4 of this Agreement (each such issuance a “Required Class B Issuance”).

  • Except as otherwise adjusted as provided for in Section 4.6, the ratio which each unit of New Crumbs Class B Exchangeable Units are exchangeable for a share of Common Stock shall be one (1) (the “Exchange Ratio”).

  • Notwithstanding anything herein to the contrary, the Company shall not issue (i) New Crumbs Class A Voting Units to any Person other than the Class A Holder or (ii) New Crumbs Class B Exchangeable Units to any Person other than pursuant to the Exchange Agreement or the Business Combination Agreement.

  • Upon the delivery to the Designated Recipient(s) of the Reciprocate Common Stock on the relevant Exchange Date in connection with an exchange contemplated by an Exchange Notice which has not been revoked, subject to the provisions of Section 2.4, the Exchanging Member shall cease to be a holder of the portion of such Parent Series A Voting Preferred Stock and New Crumbs Class B Exchangeable Units being surrendered for exchange and shall have no further rights whatsoever with respect to such securities.

Related to New Crumbs Class B Exchangeable Units

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

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

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

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

  • 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 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.

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

  • 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”.

  • Exchangeable Certificates The Class A-S, Class B, Class C and Class PEX Certificates.

  • 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.

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

  • Common Units is defined in the Partnership Agreement.

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

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

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Warrants means, collectively, the Common Stock purchase warrants 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 five (5) years, in the form of Exhibit A attached hereto.

  • 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 B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

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

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

  • Class C Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class C Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Class B Preferred Stock means the Class B preferred stock, nominal value $1,000, of the Company.

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

  • Class I Shares means Class I Shares in the Company as set forth in the relevant