Sponsor Common Units definition

Sponsor Common Units means 50,920,000 Common Units, provided that if the Partnership increases the number of Firm Units above 19,200,000 Common Units, the Sponsor Common Units will be decreased by a number of Common Units equal to 115% of such increase, and if the Partnership decreases the Firm Units below 19,200,000 Common Units, the Sponsor Common Units will be increased by a number of Common Units equal to 115% of such decrease.
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Sponsor Common Units means [ ] Common Units.
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Sponsor Common Units is defined in Section 2.4.
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Examples of Sponsor Common Units in a sentence

  • The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Sponsor Common Units and the Capital Accounts underlying Public Common Units.

  • This allocation method for establishing such economic uniformity will be available to the Trustee only if the method for apportioning the Capital Account maintained with respect to the Sponsor Common Units between the transferred and retained Sponsor Common Units pursuant to Section 2(d) does not otherwise provide such economic uniformity to the Sponsor Common Units.

  • This allocation method for establishing such economic uniformity will be available to the Trustee only if the method for allocating the Capital Account maintained with respect to the Sponsor Common Units between the transferred and retained Sponsor Common Units pursuant to Section 2(d) does not otherwise provide such economic uniformity to the Sponsor Common Units.

  • As consideration for the Reserves Contribution, the Partnership shall issue the Sponsor Common Units, the Sponsor Subordinated Units and the Incentive Distribution Rights to WPT.

  • Holdings hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers the Holdings Contribution to the Partnership, its successors and assigns, for its and their own use forever, and the Partnership hereby accepts the Holdings Contribution in exchange for (a) Sponsor Common Units, (b) Sponsor Subordinated Units and (c) the right to receive the Deferred Issuance and Distribution.

  • The Offered Units, when issued and delivered in accordance with the terms of the Company LLC Agreement and against payment therefor as provided herein will conform in all material respects, and the Sponsor Common Units, Class A Units and Management Incentive Interests, conform in all material respects, in each case, to the descriptions thereof contained in the Registration Statement, the Pre-Pricing Prospectuses, the Prospectus and the Permitted Free Writing Prospectuses, if any.

  • Immediately following the execution and delivery of this Agreement, Swan Sponsor, in its capacity as a Non-Managing Member of the Company, shall irrevocably and unconditionally, through its vote of the Swan Sponsor Common Units (representing a Unit Majority), approve and consent to the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.

  • The Company has obtained for the benefit of the Underwriters the agreement (a “Lock-Up Agreement”), in the form set forth as Exhibit A hereto, of each of the Company’s directors and officers (within the meaning of Rule 16a-1(f) under the Exchange Act) and each holder of the Sponsor Common Units.

  • As consideration for such interests, the Partnership shall issue the Sponsor Common Units, the Sponsor Subordinated Units, and the Incentive Distribution Rights to CEG.

  • Except as otherwise provided in this Agreement, Xxxxx (and any Transferee Entity) agrees he will not transfer his Sponsor Common Units or Sponsor Subordinated Units without the express written consent of Reserves, which consent may be withheld in Reserve’s sole and absolute discretion.


More Definitions of Sponsor Common Units

Sponsor Common Units means 3,623 Common Units.
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Sponsor Common Units means 1,436,115 Common Units.
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Sponsor Common Units is defined in Section 2.4. “Sponsor Subordinated Units” is defined in Section 2.4.
Sample 1
Sponsor Common Units means 5,125,000 Common Units.
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Sponsor Common Units means 13,640,351 Common Units.
Sample 1
Sponsor Common Units means [________] Common Units, provided that if the Partnership increases the number of Firm Units above [_________] Common Units, the Sponsor Common Units will be decreased by a number of Common Units equal to 115% of such increase, and if the Partnership decreases the Firm Units below [_________] Common Units, the Sponsor Common Units will be increased by a number of Common Units equal to 115% of such decrease.
Sample 1

Related to Sponsor Common Units

  • Common Units is defined in the Partnership Agreement.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Class A Common Units means the Company's Class A Common Units.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class B Units means the Class B Units of the Company.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Company Units has the meaning set forth in the Recitals.

  • REIT Shares shall have the meaning set forth in the OP Agreement.

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

  • Amalco Common Shares means the common shares in the capital of Amalco;

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Class A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Class B Common Shares means shares of Class B Common Stock.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Holdings Common Stock means the common stock, par value $0.01 per share, of Holdings.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.