Original Units definition

Original Units has the meaning set forth in the recitals to this Agreement.
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Original Units means, collectively, (a) all of the issued and outstanding Class A Units of the Company (the “Original Class A Units”), (b) all of the issued and outstanding Class A-1 Units of the Company (the “Original Class A-1 Units”) and (c) all of the issued and outstanding Class B Units of the Company, in each case, as defined in the Prior LLC Agreement.
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Original Units means the Class A Common Units, Class B Common Units, Class C Common Units and Class D Common Units (each as defined in Section 4.1 of the Initial LLC Agreement) of the Company.
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Examples of Original Units in a sentence

  • The First Amended and Restated LLC Agreement shall govern the rights and obligations of the Continuing LLC Owners in their capacity as holders of Original Units prior to the Effective Time.

  • TKC and TFL do not Beneficially Own any units of Partnership Common Unit other than the Original Units as of the date of this Agreement.

  • As a result of such exchange, the Original Units held by each Member immediately prior to the execution of this Agreement are hereby cancelled and extinguished without any further action by any Person.

  • With respect to each of the aforementioned clauses, the percentage interest of the class of Investor Limited Partners (hereinafter "PI") shall be increased according to the following formula: New percentage interest ) of the class of Investor ) = (PI + A) -------- Limited Partners ) (100 + A) In the above formula, "A" equals: PI x (number of Additional Units/number of Original Units).

  • The Participant acknowledges and agrees that, as a result of the Recapitalization pursuant to the LLC Agreement, the Original Units were converted into the Common Units granted hereunder and that the Participant has no further rights with respect to the Original Units, including under any award agreement pursuant to which the Original Units were granted.


More Definitions of Original Units

Original Units means the Class A Units, the Class C Units and the Class D Units (each as defined on Exhibit A to the Original LLC Agreement) of the Company.
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Original Units means the “Class A Units”, the “Class B Units” and the “Incentive Units” (each as defined in the Prior LLC Agreement) of the Company.
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Original Units means the Series A Preferred Units and the Series B Preferred Units (each as defined in Section 2.10(b) of the Prior LLC Agreement) of the Company and the Common Units and Incentive Units (each as defined in Section 2.10(a) of the Prior LLC Agreement) of the Company.
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Original Units means the Class A Units of the Company outstanding immediately prior to the effectiveness of this Agreement.
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Original Units means all of the issued and outstanding Preferred Units and Common Units (each as defined in the Prior Agreement) and Converted Class P Units immediately prior to the Effective Time.
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Original Units means the Class F Units, the Class P Units and the Class M Units (each as defined in Section 3.3(a) of the Original LLC Agreement) of the Company.
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Original Units means the Class A Units (including Class A-1 Subunits and Class A-2 Subunits) and Class B Units of the Partnership outstanding immediately prior to the effectiveness of this Agreement.
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