Series A Unit Cap definition
Series A Unit Cap has the meaning given such term in Section 16.11(c).
Series A Unit Cap means 2.7100, which is the quotient obtained by dividing (i) the Series A Stated Liquidation Preference by (ii) one half of the closing price of the Common Units on the New York Stock Exchange on the trading day immediately preceding July 31, 2018, subject in each case, to certain adjustments and provisions as the General Partner determines to be equitable in connection with (i) the receipt of Series A Alternative Conversion Consideration and (ii) splits, combinations and distributions in the form of equity issuances.
Series A Unit Cap as defined in Section 14.6(b).
Examples of Series A Unit Cap in a sentence
The General Partner shall make such adjustments to the Common Unit Price with respect to the Series A Preferred Units and the Series A Unit Cap as it determines to be equitable in view of any splits, combinations or distributions in the form of equity issuances or the payment of any Series A Alternative Conversion Consideration to the holders of the Common Units in connection with the Change of Control.
More Definitions of Series A Unit Cap
Series A Unit Cap means $47,516,764 (as adjusted for any splits, subdivisions, combinations or the like).