Series B Unit definition

Series B Unit means a Partnership Interest issued pursuant to Section 5.13 and representing a Limited Partner’s interest in the Partnership having the rights and obligations specified with respect to the Series B Units in this Agreement.

Series B Unit means one Series B Preferred Share and five (5) Series B Warrants.

Series B Unit means a unit consisting of: (i) one Series B Warrant Share; and (ii) a Series C Warrant to purchase one share of Common Stock at an exercise price of [$__];

Examples of Series B Unit in a sentence

• The Over-allotment Option granted pursuant to Section 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Units within 45 days after the Effective Date; provided, however, that any exercise of the Over-allotment Option must ensure that the net proceeds to the Company therefrom will be sufficient for the Company to deposit an amount equal to at least $10.10 per Series B Unit as to which the Over-allotment Option is exercised.

• All or any portion of each distribution payable in respect of the Series B Units (the “Series B Unit Distribution”) may, at the election of the Partnership, be paid in Series B PIK Units (any amount of such Series B Unit Distributions so paid in Series B PIK Units, the “Series B PIK Distribution Amount”).

• The Series A Units and Series B Units are to be offered initially to the public (“Offering”) at the offering price of $8.50 and $10.10 per Series A Unit and Series B Unit, respectively.

• The Representative’s Purchase Option shall be exercisable, in whole or in part, commencing on the later of (i) one year from the Effective Date and (ii) the consummation of a Business Combination and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative’s Unit of $ per Series A Unit and $ per Series B Unit.

• Each Series B Unit consists of two shares of Class B common stock of the Company, par value $.0001 per share (“Class B Common Stock”), one Class W Warrant and one Class Z Warrant.

More Definitions of Series B Unit

Series B Unit means a Company Voting Unit designated as such, which Series B Unit shall have the rights described herein and otherwise governed by the terms and conditions of this Agreement.

Series B Unit means a Series B membership interest that consists of Profits Interest but no Voting Interest, Series B Units only have voting rights as set forth in Article IV, Section 4.4..

Series B Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Series B Units in this Agreement, which, for the avoidance of doubt includes Series B-1 Units and any other issuances of Series B Units permitted by this Agreement.

Series B Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights, preferences and privileges and duties and obligations specified with respect to the Series B Units in this Agreement. The term “Series B Unit” does not refer to a Common Unit prior to the conversion of a Series B Unit into a Common Unit pursuant to the terms of this Agreement.

Series B Unit does not refer to a Common Unit prior to the conversion of a Series B Unit into a Common Unit pursuant to the terms of this Agreement.

Series B Unit means a Unit having the rights and obligations specified with respect to a “Series B Unit” in this Agreement.

Series B Unit means a unit consisting of: (i) one Series B Warrant Share; and (ii) a Series B-1 Warrant.