Retained Units definition

Retained Units means the IPCH/Inergy Partners Retained Units and the NRGY Retained Units.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Retained Units has the meaning set forth in Section 3.1.

Retained Units means Closing Units retained by the Investor Member at the time of the Qualified IPO, the closing date of a Sale of the Company (immediately prior to the closing of the Sale of the Company) or the date specified for purposes of any calculation.

Examples of Retained Units in a sentence

• Following any such allocation, the transferor’s Capital Account, if any, maintained with respect to the retained Affiliate Retained Units, if any, will have a balance equal to the amount allocated under clause (B) hereinabove, and the transferee’s Capital Account established with respect to the transferred Affiliate Retained Units will have a balance equal to the amount allocated under clause (A) above.

• Secure and the Initial Members acknowledge and agree that in connection and contemporaneously, Ultimate Resort will transfer 3,123,797 Retained Units to JDI and thereafter JDI shall become a Member of the Company and Secure and the Initial Members consent to such transfer and admission.

• The Retained Units shall immediately vest on the date Grantee terminates Service and the remaining Restricted Stock Units shall be forfeited upon Grantee’s termination of Service.

• The fair market value of the Retained Units shall be determined as of the date of such exercise notice based upon the amounts payable with respect to the Class H Units, as applicable, pursuant to the distribution waterfall in Section 7.4(a) of the LLC Agreement.

• The Initial Members and JDI may be entitled to receive additional Units in accordance with the provisions of Section 3.6. Pursuant to the Escrow Agreement, 717,884 of the Retained Units are being deposited by the Initial Members and JDI (with Ultimate Resort depositing 358,186 Units, JDI depositing 302,267 Units and PE depositing 57,431 Units) in the account specified in the Escrow Agreement (the “Escrowed Indemnification Units”).

More Definitions of Retained Units

Retained Units has the meaning provided in Recital 32(c) of this Agreement. The Retained Units are more specifically described in Exhibit H attached to this Agreement.

Retained Units means all issued and outstanding Units as of the Closing Date other than Purchased Units. “Rollover Sellers” has the meaning set forth in the introductory paragraph to this Agreement.

Retained Units shall have the meaning set forth in the Recitals.

Retained Units means the eighteen (18) outstanding units of Membership -------------- Interest of FFPE, LLC held by the Seller that are not subject to the Sale, which units represent eighteen percent (18%) of all of the outstanding units of Membership Interest.

Retained Units has the meaning given in the Indemnity Agreement.

Retained Units as defined in the recitals to this Agreement. SEC: the Securities and Exchange Commission. Securities Act: the Securities Act of 1933, as amended. Self Regulatory Organization: the New York Stock Exchange, Inc. and other self-regulatory organizations in the securities or commodities field, including, without limitation, the National Futures Association, the National Association of Securities Dealers, Inc. and NASD Regulation, Inc. Seller: as defined in the first paragraph of this Agreement.

Retained Units has the meaning given in Section 4(c) hereof.