Restricted Class B Units definition

Restricted Class B Units has the meaning set forth in Section 16.2(a)(i) hereof.
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Restricted Class B Units and shall remain subject to forfeiture as provided in this Section 16.2(a) until the requirements of this Section 16.2(a) have been satisfied.
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Restricted Class B Units has the meaning set forth in the Recitals.
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Examples of Restricted Class B Units in a sentence

  • Restricted Class B Units shall not be convertible into OP Units until they become Unrestricted Class B Units.

  • Upon such forfeiture, such Restricted Class B Units shall immediately, and without any further action, be treated as cancelled and no longer outstanding for any purpose.

  • If the Advisory Agreement is terminated pursuant to a Termination Without Cause prior to the date on which the Economic Hurdle has been met, any outstanding Restricted Class B Units shall be forfeited immediately.

  • In the case of a holder of Restricted Class B Units, such contribution shall not exceed an amount equal to the excess of the cash distributions of Net Sales Proceeds made (if any) to such holder of Restricted Class B Units over the amount of Net Property Gain and Liquidating Gain allocated to such holder of Restricted Class B Units in accordance with subparagraph 1(c)(ii) of Exhibit B.

  • Restricted Class B Units shall not be convertible into Class A OP Units until they become Unrestricted Class B Units.

  • Upon the lapse of the restrictions without forfeiture, the Company shall cause a certificate or certificates to be issued without legend in your name in exchange for the certificate evidencing the Restricted Class B Units.

  • Restricted Class B Units: The following table summarizes the Class B restricted unit awards under the Management Incentive Plan.

  • Vanguard Natural Resources, LLC (the “Company”) hereby grants to you Restricted Class B Units under the Vanguard Natural Resources, LLC Class B Unit Plan (the “Plan”) on the terms and conditions set forth herein and in the Plan, which is incorporated herein by reference as a part of this Agreement.

  • The Equity Board of the Partnership may from time to time issue Restricted Class A Units or Restricted Class B Units to the Trustee on behalf of a Participant under the Plan.

  • By accepting this grant, you agree that any Restricted Class B Units that you may acquire upon vesting of this award will not be sold or otherwise disposed of in any manner that would constitute a violation of any applicable federal or state securities laws.


More Definitions of Restricted Class B Units

Restricted Class B Units means Class B Units issued by the Partnership to the Trustee under the Plan that are subject to vesting conditions specified by the Equity Board upon the issuance of such Class B Units.
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Related to Restricted Class B Units

  • Class B Units means the Class B Units of the Company.

  • Restricted Classes As defined in Section 4.02(e).

  • 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.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Interests As set forth in the Trust Agreement.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class C Shares means shares of the Class C Common Stock.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Eligible interests means interests or memberships.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

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

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • 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.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

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

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Junior Units means Common Units and any other equity securities that the Partnership may issue in the future ranking, as to the payment of distributions, junior to the Series A Preferred Units.