Tier IV Units definition

Tier IV Units means Tier IV Units representing Company Interests in the Company entitled to receive the Tier IV Percentage and with the other rights and obligations specified in this Agreement.
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Tier IV Units shall have the meaning assigned to such term under the NewCo LLC Agreement.
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Examples of Tier IV Units in a sentence

  • Distributions to the holders of New Tier I Units, New Tier II Units, New Tier III Units and New Tier IV Units shall be allocated among the holders of such Units pro rata, in accordance with the number of such Units held by each holder.

  • In addition, 100,000 New Tier I Units, 100,000 New Tier II Units, 100,000 New Tier III Units, and 100,000 New Tier IV Units were issued.

  • In June 2013, an additional 717,546 New Tier I Units, 577,546 New Tier II Units, 577,546 New Tier III Units, and 577,546 New Tier IV Units were issued to certain members of management.

  • Effective as of the Closing, all Tier I, Tier II, Tier III and Tier IV Units of the Company (collectively, the “Incentive Units”) shall be cancelled without the payment of any consideration therefor.

Related to Tier IV Units

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

  • 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.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

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

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • 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.

  • Class V Common Stock means the Class V common stock, par value $0.0001 per share, of the Corporation.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

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

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

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • 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.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Common Units is defined in the Partnership Agreement.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Class B Interests As set forth in the Trust Agreement.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Class I Shares means Class I Shares in the Company as set forth in the relevant

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.