Examples of TE Units in a sentence
TGE is the sole managing member of TE and owns 156,353,761 TE Units.
The Class A Shares, Class B Shares and TE Units held by such Seller have been duly authorized and validly issued and are fully paid and non-assessable except to the extent specified in the Delaware Limited Liability Company Act or the Delaware Revised Uniform Limited Partnership Act, as applicable, or in the Organizational Documents of such applicable TGE Entity.
Such Seller is not a party to any agreements, arrangements or commitments obligating it to grant, deliver or sell, or cause to be granted, delivered or sold, the Class A Shares, Class B Shares and TE Units, by sale, lease, license or otherwise, other than this Agreement.
As of January 30, 2019, there are 280,241,654 TE Units outstanding.
Such Seller is the record and beneficial owner of the Class A Shares, Class B Shares and TE Units set forth on Schedule 3.5 opposite such Seller’s name, free and clear of any Encumbrances, except for (a) restrictions on transfer arising under applicable securities Laws and (b) the applicable terms and conditions of this Agreement and the Organizational Documents of such Person, if applicable.
To the extent any such Person executes a Joinder, (a) such Person shall constitute and be deemed to be a “Sponsor” and a “Seller” for all purposes under this Agreement, and the TE Units and Class B Shares to which such Joinder relates shall constitute and be deemed to be “Subject Interests” for all purposes under this Agreement, and (b) the Purchase Price shall be adjusted upward to reflect the portion of the Purchase Price with respect to the TE Units an Class B Shares to which such Joinder relates.
Immediately following the execution of this Agreement, the Major Sellers shall use commercially reasonable efforts to cause each of the Persons set forth on Schedule 2.1 as a “Joinder Party” (each, a “Joinder Party”) to sign a joinder to this Agreement, in substantially the form attached hereto as Exhibit C (a “Joinder”), with respect to the TE Units and Class B Shares specified on Schedule 2.1 opposite such Joinder Party’s name, and the Parties hereby agree to accept each Joinder upon execution thereof.
Just as the nature of the ASSC will change throughout the lifecycle of the Air System, so the ASMS will need to evolve to ensure that the supporting evidence remains valid; a key aspect to this is the clear articulation and maintenance of effective interfaces with the ASMS of supporting organizations such as Contractors, Coordinating Design Organizations, T&E Units, end-user etc.
At the Effective Time, and assuming the transfer contemplated by the immediately preceding sentence occurs, the books and records of TE shall be revised to reflect that the Partnership ceases to be a member of TE pursuant to this Agreement and that Buyer Sub is admitted as a member of TE and holds all of the TE Units held by the Partnership immediately prior to the Effective Time.
As of close of business on December 13, 2019, there are 281,334,291 TE Units outstanding.