Other Unitholders definition

Other Unitholders has the meaning set forth in the preamble.
Sample 1Sample 2Sample 3
Other Unitholders has the meaning set forth in Section 10.2(a).
Sample 1Sample 2
Other Unitholders shall have the meaning set forth in Section 2.4(a) of this Agreement.
Sample 1

Examples of Other Unitholders in a sentence

  • Other Unitholders should tender their Units via email to the Company at nhpif@seic.com.

  • If one or more of the Other Unitholders do not elect to purchase all of the Units or other interests specified in the Offer Notice, the Selling Unitholder may transfer the Units or other interests specified in the Offer Notice at a price and on terms no more favorable to the transferee(s) thereof than specified in the Offer Notice during the 90-day period immediately following the Authorization Date.

  • Because the Operating Partnership is a partnership (a pass-through entity) for U.S. federal income tax purposes, the U.S. federal income tax consequences of consummating the Plan generally will not be borne by the Operating Partnership, but by the REIT and the Other Unitholders.

  • Other exceptions might also be available to the Other Unitholders.

  • If one or more of the Other Unitholders have elected to purchase Units or other interests in the LLC from the Selling Unitholder, the transfer of such Units or other interests shall be consummated as soon as practicable after delivery of the election notices to the Selling Unitholder, but in any event within 15 days after the Authorization Date.

  • However, it is expected that the amount of COD Income arising to the Operating Partnership from the consummation of the Plan will be significant.As described above, because the Operating Partnership is a pass-through entity for U.S. federal income tax purposes, the REIT and the Other Unitholders will be treated as recognizing their respective allocable shares of COD Income from the Operating Partnership.

  • Such Selling Unitholder will not consummate any Transfer until 45 days after the Offer Notice has been given to the Other Unitholders, unless the parties to the Transfer have been finally determined pursuant to this Section 10.2 prior to the expiration of such 45-day period.

  • If the Other Unitholders have not elected to participate in the contemplated Transfer (through notice to such effect or expiration of the 20-day period after delivery of the Sale Notice), then the Transferring Unitholder may Transfer the Units specified in the Sale Notice at a price and on terms no more favorable to the Transferring Unitholder thereof than specified in the Sale Notice during the 90-day period immediately following the date of the delivery of the Sale Notice.

  • Other Unitholders should tender their Units (i) via email to the Company at nhpif@seic.com or (ii) via mail as set forth in their Letter of Transmittal.

  • If more than one Unitholder elects to purchase the Units or other interests to be transferred, the Units or other interests in the LLC to be sold shall be allocated among the electing Other Unitholders pro rata according to the number of Common Units and Class B Preferred Units that are owned by each electing Other Unitholder on a fully diluted basis.


More Definitions of Other Unitholders

Other Unitholders means, collectively, the Management Unitholders and the Operating Unitholders. “Participating Purchaser” shall have the meaning set forth in Section 3.5(b). “Partnership Minimum Gain” shall have the meaning set forth in Sections 1.704- 2(b)(2) and 1.704-2(d) of the Treasury Regulations. “Permitted Transferee” means (i) with respect to any Unitholder who is a natural person, a member of such Unitholder’s Family Group, (ii) with respect to any Unitholder which is an entity, any entity which is a Subsidiary of such Unitholder or any Person of which such Unitholder is a Subsidiary and (iii) with respect to any current or former Principal Investor, such current or former Principal Investor’s Affiliates (in each case, it being understood that any Transfer to such Persons shall be conditioned on the receipt of an undertaking by such Transferee to Transfer such Units back to the Transferor if such Transferee ceases to otherwise qualify as a Permitted Transferee); provided that portfolio companies of Xxxxxxx’x investment manager or any other financial sponsor whose funds become a Unitholder shall not be Permitted Transferees of such Unitholder. For the avoidance of doubt, none of the members of the Company Group shall be deemed a Permitted Transferee of Xxxxxxx or Providence. “Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, any other business entity, or a Governmental Entity. “Plan” mean the Mercury Parent, LLC 2016 Value Unit Plan (as amended and in effect from time to time). “Preemptive Portion” shall have the meaning set forth in Section 3.5(a). “Preemptive Pro Rata Percentage” means, at any time, the percentage obtained by dividing the total number of Units then held by the applicable holder by the aggregate number of Units then held by all of the Unitholders who are Accredited Investors. “Preemptive Securities” shall have the meaning set forth in Section 3.5(a).
Sample 1
Other Unitholders means each holder of Units other than a Founder Investor.
Sample 1
Other Unitholders means, collectively, the Management Unitholders and the Operating Unitholders.
Sample 1
Other Unitholders means, with respect to a Unitholder, all Unitholders other than such Unitholder.
Sample 1
Other Unitholders shall have the meaning set forth in Section 5.5(a).
Sample 1
Other Unitholders means each holder of Units other than a Founder Investor. “Over-Allotment Notice” has the meaning set forth in Section 3.1(c)(iv).
Sample 1

Related to Other Unitholders

  • Unitholders means the holders of Units.

  • Unit Holders means all Unit Holders.

  • Other Stockholders means persons other than Holders who, by virtue of agreements with the Company, are entitled to include their securities in certain registrations hereunder.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Other Members has the meaning specified in the recitals to this Agreement.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Other Shareholders means persons who, by virtue of agreements with the Company other than this Agreement, are entitled to include their securities in certain registrations hereunder.

  • Class B Members means the Members holding Class B 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.

  • Limited Partners means all such Persons.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Company Stockholders means the holders of shares of Company Capital Stock.

  • Common Units is defined in the Partnership Agreement.

  • 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.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Independent Shareholders means holders of outstanding Voting Shares, excluding (i) any Acquiring Person, (ii) any Offeror, (iii) any Affiliate or Associate of any Acquiring Person or Offeror, (iv) any Person acting jointly or in concert with any Acquiring Person or Offeror, and (v) any employee benefit plan, share purchase plan, deferred profit sharing plan or trust for the benefit of employees of the Corporation or a wholly-owned Subsidiary of the Corporation (unless the beneficiaries of such plan or trust direct the manner in which such Voting Shares are to be voted or direct whether the Voting Shares are to be deposited or tendered to a Take-Over Bid, in which case such plan or trust shall be considered to be an Independent Shareholder).

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • LTIP Unitholder means a Partner that holds LTIP Units.

  • Class A Members means those Members who have purchased Class A Interests.

  • 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.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

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