Series A-1 Units definition

Series A-1 Units means a Series, designated as Series A-1; “Series A-2 Units” means a Series, designated as Series A-2; “Series A-3 Units” means a Series, designated as Series A-3; “Series A-C Units” means a Series, designated as Series A-C; “Series A-IN Units” means a Series, designated as Series A-IN;

Series A-1 Units has the meaning assigned in Section 3.1(a).

Series A-1 Units means the Series A-1 Units issued by the Company pursuant to the Prior LLC Agreement.

Examples of Series A-1 Units in a sentence

• Except as provided in the Act or unless otherwise provided, and subject to Section 4.01(b)(i), Members shall not be entitled to any vote or consent right with respect to any Series A-1 Units, Class C-1 Common Units or Class C Profits Interests.

• On the Plan Effective Date, each Holder of an allowed 1L Convertible Notes Claim will receive, in full and final satisfaction of such 1L Convertible Notes Claim, such Holder’s pro rata share, calculated as if the DIP Claims were included in the Class 3 1L Convertible Notes Claims, of (i) the Series A Units or Series A-1 Units, after taking into account the Series A Units and Series A-1 Units issued on account of the DIP Claims, and (ii) the Class C Magnetar Units.

• An election may be made prior to the Effective Date by or on behalf of a DIP Lender or a 1L Convertible Noteholder to receive Series A-1 Units and Class C-1 Common Units in lieu of Series A Units and Class C Common Units, which Series A-1 Units and Class C-1 Common Units will provide the same economic benefit to such Holder as such Holder’s Pro Rata share of Series A Units and Class C Common Units distributable under this Plan.

• As of [●], 2024 each Series A-1 Member owns the number of Series A-1 Units and Class C-1 Common Units as appears next to his, her or its name on Schedule I hereto.

More Definitions of Series A-1 Units

Series A-1 Units is defined in the LLC Agreement.

Series A-1 Units is defined in the Prior LLC Agreement.

Series A-1 Units shall have the meaning given that term in the LLC Agreement.

Series A-1 Units means the new Series A-1 Units to be issued by New Appgate Holdings on the Effective Date, to the extent that an election is made by or on behalf of a DIP Lender or 1L Convertible Noteholder, and to be held by such electing DIP Lenders and 1L Convertible Noteholders.

Series A-1 Units has the meaning set forth in Section 3.03(b). “Series B Members” means each Member, Additional Member or Substitute Member, in each case, who holds Series B Units (for so long as such Person holds Series B Units). If a Series B Member holds different classes of Units, then such Series B Member shall be treated as a Series B Member only with respect to its Series B Units. “Series B Threshold” has the meaning set forth in Section 5.02(b). “Series B Units” has the meaning set forth in Section 3.03(c). “Significant Member” means, as of a particular date, each Class C Common Member holding a Percentage Interest (when aggregated with the Percentage Interest of its Affiliates and Permitted Transferees) equal to or greater than 5.0 % as of such date. For the avoidance of doubt, no Series A-1 Member or Class C-1 Member shall be or be deemed to be a Significant Member hereunder.

Series A-1 Units means the new Series A-1 Units to be issued by New Appgate Holdings on the Effective Date, to the extent that an election is made by or on behalf of a DIP Lender or 1L Convertible Noteholder, and to be held by such electing DIP Lenders and 1L Convertible Noteholders. 148. “Series B Holders” means the Holders of the Series B Units. 149. “Series B Units” means the new Series B Units to be issued by New Appgate Holdings on the Effective Date and to be held by the 2L Convertible Noteholders. 150. “Solicitation Agent” means Xxxxxx, Recano & Company, Inc., the Claims, noticing, and solicitation agent retained by the Debtors in the Chapter 11 Cases by Bankruptcy Court order. 151. “Solicitation Materials” means all materials provided in connection with the solicitation of votes on this Plan pursuant to sections 1125 and 1126 of the Bankruptcy Code. 152. “Third-Party Release” means the release set forth in Article VIII.D of this Plan. 153. “Transfer Agreement” means an executed form of the transfer agreement providing, among other things, that a transferee is bound by the terms of the RSA, substantially in the form attached as Exhibit F to the RSA. 154. “Trustee” means any indenture trustee, collateral trustee, or other trustee or similar Entity under the 1L Convertible Notes, the 2L Convertible Notes, the 3L RCF Loans, and/or the DIP Facility, including any successors thereto. 155. “U.S. Trustee” means the Office of the United States Trustee for the District of Delaware.

Series A-1 Units has the meaning set forth in the Company Issuer LLC Agreement.