Parent Units definition

Parent Units means equity securities of Parent each consisting of one share of Parent Class A Stock and one-third of one Public Warrant.

Parent Units means the units of Parent, each unit consisting of one share of Parent Common Stock and one-half of one Parent Warrant.

Parent Units means the Common Units representing common units of Parent having the rights and obligations specified with respect to “Common Units” as set forth in the Parent Agreement.

Examples of Parent Units in a sentence

• If withholding is taken in Parent Units, Parent and the Exchange Agent shall be treated as having sold such consideration for an amount of cash equal to the fair market value of such consideration at the time of such deemed sale and paid such cash proceeds to the appropriate Tax authority.

• Parent shall cause the Parent Units to be issued pursuant to and in accordance with this Agreement to be approved for listing (subject, if applicable, to notice of issuance) for trading on the NYSE prior to the Closing.

• As of the Effective Time, Parent shall assume the obligations of MLP under the MLP Equity Plans and shall assume such plans for purposes of employing such plans to make grants of equity based awards on Parent Units following the Closing.

• To the extent the Cash Consideration and any cash received in lieu of fractional Parent Units exceeds the amount that can be so treated, such excess cash will be treated as proceeds of a disguised sale transaction described in Section 707(a)(2)(B) of the Code (a “Disguised Sale”).

• To the maximum extent possible, the Cash Consideration and any cash received in lieu of fractional Parent Units shall be treated as a reimbursement of preformation capital expenditures described in Treasury Regulation Section 1.707-4(d).

More Definitions of Parent Units

Parent Units means the units issued in the IPO or the overallotment consisting of one (1) share of Parent Common Stock, one (1) Parent Right, and one (1) Parent Warrant.

Parent Units means the common stock, par value $0.001 per share, and warrants to purchase such common stock with an exercise price of $6.00 per share, of the Parent, whose price is quoted on AMEX under the ticker symbol “OOO.U”

Parent Units means all pooled, communitized or unitized acreage that includes all or a part of any Parent Oil and Gas Lease.

Parent Units means each Common Unit that is, as of immediately prior to the Effective Time, held by Parent or its permitted transferees.

Parent Units means equity securities of Parent each consisting of one share of Parent Common Stock and one-fifth of one Public Warrant.

Parent Units means the Parent Common Units and the Parent Class C Units.

Parent Units. Schedule A, Section 1.2 “Parent Waiving Parties” Section 11.15(a)