Examples of OpCo Common Units in a sentence
Upon any exchange of OpCo Common Units and Class B Units for Common Units pursuant to the Exchange Agreement, the Partnership shall issue to the exchanging holder of such OpCo Common Units and Class B Units a number of Common Units equal to the number of OpCo Common Units forfeited in connection with such exchange.
No deferred taxes are included in the pro forma tax provision because Intuitive Machines is not more likely than not to benefit from the related deferred tax assets.CC.Immediately following the Business Combination, the economic interests held by the noncontrolling interest (comprising Intuitive Machines OpCo Common Units at Closing) were approximately 76.4%.
To the extent the Operating Company issues OpCo Common Units and the Partnership issues Class B Units in the future, then the holder of such OpCo Common Units and Class B Units shall have the right to execute and deliver a joinder to this Agreement, substantially in the form attached hereto as Annex A, whereupon such holder shall become a Participating Holder hereunder.
Immediately following the Business Combination, the economic interests held by the noncontrolling interest (comprising Intuitive Machines OpCo Common Units issued at Closing) were approximately 76.4%.
All outstanding OpCo Common Units are (i) issued in compliance in all material respects with applicable Law and (ii) not issued in breach or violation of preemptive rights, rights of first refusal, rights of first offer or Contract.
Upon any exchange of OpCo Common Units and Class B Shares for Class A Shares pursuant to the Exchange Agreement, the Partnership shall issue to the exchanging holder of such OpCo Common Units and Class B Shares a number of Class A Shares equal to the number of OpCo Common Units forfeited in connection with such exchange.
For the avoidance of doubt, if there is any reclassification, reorganization, recapitalization or other similar transaction in which the OpCo Common Units, Common Units or Class B Units, as applicable, are converted or changed into another security, securities or other property, this Section 2.3 shall continue to be applicable, mutatis mutandis, with respect to such security or other property.
The Borrower shall not permit (i) any Restricted Subsidiary to issue any preferred Equity Interests other than the OpCo Preferred Units or (ii) OpCo to issue or permit to be held by any Person (other than the Borrower) any Equity Interests having voting rights more favorable to the holders thereof than the voting rights applicable to the OpCo Common Units on and as of the date the Tax Change Transactions are consummated.
Immediately following the consummation of the Transactions, the economic interests held by the noncontrolling interest (comprising Intuitive Machines OpCo Common Units issued at the Closing Date) were approximately 76.4%.
At the Closing and immediately prior to the Transfer, the Partnership's equity interest in the Operating Company shall be converted into 13,886,204 newly issued OpCo Common Units and 110,000 newly issued OpCo Series A Preferred Units (the "Conversion").