UFG Holdings definition

UFG Holdings has the meaning set forth in the recitals of this Agreement.
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UFG Holdings means UFG Holdings, Inc., a Delaware corporation.
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UFG Holdings has the meaning set forth in the recitals of this Agreement. “Unit Certificate” has the meaning set forth in Section 7.02(c). “Units” means the Class A Units, the Class B Units, the Preferred Units and any other Class or series of Units that is established in accordance with this Agreement, which shall constitute limited liability company interests in the Company and entitle the Members holding such Class or series of Units to the relative rights, title and interests in the profits, losses, deductions and credits of the Company at any particular time as set forth in this Agreement, and any and all other benefits to which a Member may be entitled as a Member as provided in this Agreement, together with the obligations of such Member to comply with all terms and provisions of this Agreement. “Unvested Units” means those Class A Units and Class B Units from time to time listed as unvested Units in Schedule of Members, which, for the avoidance of doubt, shall not include those Units issued by the Company pursuant to Section 3.04 of the Transaction Agreement. “Vested Percentage Interest” means, with respect to any Member, the quotient obtained by dividing the number of Vested Units then owned by such Member by the number of Vested Units then owned by all Members. “Vested Units” means those Class A Units that are not Unvested Units. ARTICLE II
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Examples of UFG Holdings in a sentence

  • Effective as of the Closing, New Pubco shall assume its obligations pursuant to the terms and conditions of the Amended and Restated UFG Holdings LLC Management Long-Term Incentive Plan, as it is contemplated to be amended as set forth on Section 8.03(b) of the Company Disclosure Schedule (the “LTIP”).

  • UFG Holdings LLC is owned, directly and indirectly, by certain investors, including a group of funds managed by The Blackstone Group Inc.

  • For the avoidance of doubt, prior to the occurrence of an Event of Default hereunder, and to the extent that an Event of Default will not result therefrom, Seller may make distributions to UFG Holdings LLC for the purposes of UFG Holdings LLC satisfying the tax liabilities related to UFG Holdings LLC.

  • Seller is wholly-owned by Incenter LLC, which is wholly-owned by UFG Holdings LLC.

  • Simultaneously, the Sellers will assign and transfer to the Purchasers good title in and to the Purchased Interests (free and clear of all Liens, other than Liens securing the UFG Holdings Debt) by execution and delivery of a Transfer Instrument, in the form attached hereto as Exhibit V.

  • Any payment by the Sellers pursuant to the provisions of Schedule III shall reduce the amount of the payment of the UFG Holdings Debt described in Section 2.2(b).

  • The Good Faith Deposit shall concurrently be transferred by FPLE to UFG Holdings for application to the satisfaction of the UFG Holdings Debt.

  • Assignor does hereby sell, transfer, convey, assign and deliver unto Assignee all of Assignor's right, title and interest in and to the Purchased Interests, free and clear of all Liens (other than Liens securing the UFG Holdings Debt).

  • Any payment by the Purchasers pursuant to the provisions of Schedule III shall increase the amount of the payment of the UFG Holdings Debt described in Section 2.2(b).