OpCo Unit definition

OpCo Unit means a limited liability company interest in the Operating Company having the rights and obligations specified with respect to a “Unit” in the OpCo Limited Liability Company Agreement.

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OpCo Unit means any class of units or interests that is established in OpCo.

OpCo Unit means a unit or interest (of any class or series of units, as specified in an Award agreement) of any member of the Oaktree Operating Group.

Examples of OpCo Unit in a sentence

Subject to the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Participant the number of Units provided in the Grant Notice (with each Unit deemed to be an OpCo Unit under the Plan).
Each Redeeming Stockholder shall have the New PubCo Class A Common Stock issued to such Redeeming Stockholder pursuant to Section 2.01 redeemed immediately following the Mergers and the OpCo Unit Contribution, and such stock shall be converted into the right to receive from New PubCo, in cash, an amount per share calculated in accordance with such stockholder’s Redemption Rights.
Each of ▇▇▇▇▇ and Sponsor agrees that he or it, as applicable, shall execute and deliver the OpCo Unit Contribution Agreement in accordance with the terms of this Agreement and shall do and perform all such other acts and things as may be reasonably necessary to effect the consummation of the transactions contemplated by the OpCo Unit Contribution Agreement.
At or as promptly as practical after the consummation of the Mergers and the OpCo Unit Contribution, New PubCo shall make such cash payments in respect of each such share.
Each of ▇▇▇▇▇ and Sponsor has executed and delivered the OpCo Unit Contribution Agreement in accordance with the terms of this Agreement, which execution and delivery shall be contingent on the consummation of First Merger Effective Time.
Unless this Agreement is terminated earlier pursuant to Article IX, the closing of Mergers and OpCo Unit Contribution shall take place at 10:00 a.m. New York City time on a date (the “Closing Date”) to be specified by Acquiror and the Company (the “Closing”).
All required filings under the HSR Act shall have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Mergers, the OpCo Unit Contribution and the other Transactions under the HSR Act shall have expired or been terminated, and any pre-Closing approvals or clearances reasonably required thereunder shall have been obtained.
Following the Merger, each holder of an IPT OpCo Unit shall cease to have any rights with respect to such IPT OpCo Units.
An OpCo Unit, together with a corresponding share of Series A Preferred Stock, generally will be equivalent economically (except with respect to taxes) and in respect of voting power to one share of Kodiak Common Stock.
To the extent indemnification is made through delivery by the Seller Parties of OpCo Units, such OpCo Units shall be valued at the then fair market value of each OpCo Unit.

More Definitions of OpCo Unit

OpCo Unit means an Award granted under Section 9 of the Plan.

OpCo Unit has the meaning set forth in the OCGH Partnership Agreement.

OpCo Unit means any equity unit of an OpCo. For the avoidance of doubt, an OpCo Unit of Oaktree Capital II, L.P. means the aggregate of one equity unit of the same class of each and every series of Oaktree Capital II, L.P.

OpCo Unit means any equity unit of an OpCo.

OpCo Unit means a limited liability company interest in Viper OpCo having the rights and obligations specified with respect to a “Unit” in the OpCo Limited Liability Company Agreement.