Examples of UAR Holder in a sentence
Not less than two (2) Business Days prior to the Closing, the Company shall deliver (A) an updated Common Unitholder Schedule to Parent and the Exchange Agent which schedule shall indicate each Common Unitholder’s Common Unitholder Stock Election or Common Unitholder Cash Election and (B) an updated Cashout UAR Holder Schedule to Parent and the Exchange Agent which schedule shall indicate each Cashout UAR Holder’s portion of the Common Unitholders’ Distributed Merger Consideration, if any.
In connection with the payment to the Selling Interest Holders of the Purchase Price (in accordance with the terms of this Agreement) deposited in the Member Account, each UAR Holder shall be entitled to receive his or her portion of such proceeds of the Transaction due to such UAR Holder in accordance with the Company Long-Term Incentive Plan net of the exercise price of the UAR, and as described on Exhibit 2.6 hereof.
Schedule 2.7 sets forth the names of each UAR Holder, together with (a) such UAR Holder’s pro rata share of the aggregate issued and outstanding UARs (including the number and exercise price per UAR), and (b) the aggregate number of issued and outstanding UARs (i) as of the date hereof and the exercise prices thereof and (ii) that are vested whether or not pursuant to any acceleration provisions as of the Closing.
The payment by the Buyer of the Purchase Price or any portion thereof (including the Net Adjusted Closing Consideration, and any Escrow Funds released after the First Escrow Payment Date and the Second Escrow Payment Date to the Selling Interest Holders) into the Member Account shall constitute payment by the Buyer to each Selling Interest Holder and UAR Holder and satisfaction of the Buyer’s obligation to pay such amount hereunder.
After such payment by the Buyer, the Member Representative shall be solely responsible for allocating and distributing to each Selling Interest Holder and each UAR Holder such holder’s Pro Rata Share of the Purchase Price or any portion thereof (including the Net Adjusted Closing Consideration and any Escrow Funds released after the First Escrow Payment Date and the Second Escrow Payment Date to the Selling Interest Holders) from the Member Account.
At the Closing, the Member Representative may withhold from the proceeds otherwise distributable to each Selling Interest Holder and UAR Holder hereunder, and pay, such Selling Interest Holder’s or UAR Holder’s pro-rata portion of any Transaction Fees that were not reflected in the calculation of the Closing Consideration incurred by or on behalf of the Company or the Selling Interest Holders in connection with the transactions contemplated hereby.
Schedule 3.3(a) includes a true and accurate list of the UAR Holders and the outstanding Incentive Units held by such UAR Holder as of the date hereof.
Nothing in this Section 9.4 is intended or shall be construed to confer on any Selling Interest Holder or UAR Holder any rights against the Buyer in respect of the portion of the Purchase Price allocated to such Selling Interest Holder or UAR Holder or the net proceeds received after delivery of same into the Member Account.
On or prior to the date hereof, the Company’s Board of Directors shall have taken all actions reasonably necessary to terminate the UAR Plan, such termination to be effective as of the Effective Time following the payment of the Closing UAR Consideration to each UAR Holder, and the Company shall have forwarded proper documentation evidencing such termination to the Pioneer Parties on or prior to the date hereof.
The UARs set forth in Schedule 2.7 represent all of the issued and outstanding UARs as of immediately prior to the Closing Date; are owned beneficially and of record by the UAR Holders (with each UAR Holder owning the respective amount of the UARs set forth in Schedule 2.7); are duly authorized; and were issued pursuant to a valid exemption from registration under the Securities Act and in compliance with applicable securities Laws and the Company Long-Term Incentive Plan.