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;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

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

Examples of Series A-1 Units in a sentence

Other than with respect to the rights of Series B Members to share in distributions that otherwise would be made to Series A-1 Members on account of their Series A-1 Units, the Series A-1 Units shall rank pari passu with, and have all the same rights (including the rights to share in Net Income and Net Loss or items thereof) and be subject to all of the same obligations, as the Series A-2 Units and the Series C Units.
Upon the Exchange contemplated by an Exchange Election, the number of Series A-1 Units designated in the Exchange Election shall be reclassified into an equal number of Series C Units (such Series C Units, the “Reclassified Units”) and such Reclassified Units shall (A) be deemed to have been exchanged by the Selling Series A-1 Member and the Series B Members in accordance with Section 3.3(c), and (B) be exchanged as contemplated by Step 2 and Step 3 below and the Exchange Agreement.
No Transfer of any Series A-1 Units by a Series A-1 Member to a Permitted Transferee shall effect a release of the transferring Series A-1 Member’s obligations under this Agreement to the Series B Members, and as a condition to such Transfer, each such Permitted Transferee shall expressly assume in writing all of the obligations of the transferring Series A-1 Member, whether arising prior to, on or after the date of Transfer, to the Series B Members.
Further, the Parties shall determine the final number of New Laredo Preferred Units to be authorized, issued and outstanding and set forth in the Amended LLC Agreement as an amount equal to (i) (A) the aggregate amount of Series A-1 Units and Series A-2 Units outstanding as of the Closing divided by (B) the LP Allocation (as such term is defined in the Amended LLC Agreement) times (ii) the BOE Allocation.
Upon consummation of any Sale Transfer and payment of all amounts owed (if any) by the transferring Series A-1 Member to the Series B Members in accordance with Section 4.3, Section 4.4 and any related provisions of this Agreement, the Series A-1 Units transferred to the transferee in such Sale Transfer shall immediately be reclassified into an equivalent number of Series A-2 Units.
The Series C Units rank pari passu with, and have all the same rights (including the rights to share in Net Income and Net Loss or items thereof) and be subject to all of the same obligations as, the Series A-1 Units (except that the Series B Members will not have any right to share in amounts to be distributed to the Series C Members) and the Series A-2 Units.
In connection with the IPO and in accordance with Section 3.3 of this Agreement, certain Series A-1 Members have elected to cause a number of their Series A-1 Units to be sold to PBF Energy Inc.
Following the IPO, upon the Exchange contemplated by the Exchange Election, the Series A-1 Units covered by such Exchange Election shall be exchanged for Exchange Shares pursuant to the Exchange Agreement and, in connection with such Exchange, reclassified as Series C Units.
The Schedule of Members sets forth the identity of all of the Series A-1 Members and the number of Series A-1 Units held by each Series A-1 Member.
For each CapEx Contribution made by a Funding Member to the Company, the Company shall issue to such Funding Member a number of Class A Common Units equal to the amount of such CapEx Contribution made by such Funding Member divided by $[REDACTED]*; provided, that, the Series A-1 Members making such CapEx Contribution shall receive Series A-1 Units and the Series A-2 Members making such CapEx Contribution shall receive Series A-2 Units.

More Definitions of Series A-1 Units

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

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

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

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 ▇▇▇▇▇▇, 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.