Sponsor Units definition

Sponsor Units means all Units owned by a Sponsor immediately prior to the IPO. For the avoidance of doubt, Sponsor Units shall not include any IPO Shares purchased by Sponsors in connection with or subsequent to the IPO.

Sponsor Units means the Sponsor Common Units and Sponsor Subordinated Units.

Sponsor Units is defined in Section 2.03(a)(ii) of this Agreement.

Examples of Sponsor Units in a sentence

• The termination was issued two days prior to the end of the suspension period.

• For U.S. federal income tax purposes (and for purposes of any applicable state, local or foreign Tax that follows the U.S. federal income tax treatment), the Parties agree to treat the Merger as a taxable acquisition by Parent of the Common Units, other than the Sponsor Units.

• Each financial entity establishes the rates separately for retail and corporate banking customers on an annual basis.

• The Partnership has all requisite power and authority to issue, sell and deliver (i) the Units, in accordance with and upon the terms and conditions set forth in this Agreement, the Partnership Agreement and the Registration Statement, the Disclosure Package and the Prospectus and (ii) the Sponsor Units and Incentive Distribution Rights, in accordance with and upon the terms and conditions set forth in the Partnership Agreement and the Transaction Documents.

• System users are the Sponsor Units or Implementers of EV programs.

More Definitions of Sponsor Units

Sponsor Units has the meaning specified in Section 3.2(h).

Sponsor Units means 70,450,000 Common Units; provided that if MLP increases the number of Firm Units, the Sponsor Units will be decreased by a number of Common Units equal to 115% (to accommodate the corresponding increase in the number of Option Units and Deferred Issuance and Distribution) of such increase and if MLP decreases the number of Firm Units, the Sponsor Units will be increased by a number of Common Units equal to 115% of such decrease.

Sponsor Units means the 890,000 private placement units held by the Sponsor, which consists of 890,000 shares of Purchaser Common Stock and warrants to purchase 445,000 shares of Purchaser Common Stock at a price of $11.50 per share (“Sponsor Warrants”).

Sponsor Units means each Common Unit that is, as of the Closing held by Parent, TLP Holdings, Equity Holdings or their respective permitted transferees.

Sponsor Units has the meaning set forth in Section 2.1(c).

Sponsor Units means each Common Unit that is, as of the Closing, either (a) held by Parent or (b) designated by Parent as a “Sponsor Unit” with the written consent of the holder of such Common Unit.

Sponsor Units means the Common Units and subordinated units representing limited partner interests in MLP that will be issued to MLP Holdco in connection with the Offering.