Examples of Unit Redemption Agreement in a sentence
We entered into a Limited Liability Company Unit Redemption Agreement, effective as of January 26, 2013, pursuant to which we purchased 2,605 incentive units from a former employee at a purchase price of $260.21 per unit, which price was based on a third party appraisal and an internal appraisal.
The Parties acknowledge and agree that (A) each Redemption, including each Redemption pursuant to the IPO Common Unit Redemption Agreement, shall be treated as a direct purchase of Units by the Corporation from the applicable Member pursuant to Section 707(a)(2)(B) of the Code and (B) each Exchange will give rise to Basis Adjustments.
ETE Preferred UnitsOn April 1, 2013, ETE completed the redemption (the “Redemption”) of all 3,000,000 of its outstanding Preferred Units from Regency GP Acquirer L.P. (“GE Regency”) pursuant to a Preferred Unit Redemption Agreement, dated as of March 28, 2013, between ETE and GE Regency.
Executive and the Company are entering into separate agreements concerning Executive’s relationship to the Company, including a Non-Competition and Non-Disclosure Agreement, a Subscription Agreement, an Operating Agreement, and a Unit Redemption Agreement.
All of the terms and conditions of the Unit Redemption Agreement, including the Non-Competition Agreement referred to herein, that are not expressly amended by this Amendment shall remain in full force and effect.
The Members hereby approve the IPO Common Unit Redemption Agreement in the form heretofore provided to each such Member, together with such modifications, revisions or amendments as the Manager may approve in its discretion.
The Member shall notify the Company of the exercise of said option, and the parties to such transaction shall execute such additional documentation as reasonably required by the Company, including without limitation, an amendment to any applicable existing Unit Redemption Agreement or adoption of a new Unit Redemption Agreement.
In addition, to the extent the underwriters in the IPO exercise the Over-Allotment Option in whole or in part, upon the exercise of the Over-Allotment Option, the Corporation will acquire existing Common Units from the Original Members that are parties to the IPO Common Unit Redemption Agreement pursuant to the IPO Common Unit Redemption Agreement, and such existing Common Units shall be reflected on the Schedule of Members (the “Over-Allotment Redemption”).
Xxxxxxxxxx, Xx., Chairman This First Amendment (“Amendment”) made this 16th day of February, 2006, to the Unit Redemption Agreement (“Agreement”) dated November 15, 1999, by and between Gxxxxxx Xxxx Xxx, as Trustee of the Gxxxxxx Xxxx Xxx Trust under Trust Agreement dated March 7, 2000, as successor in interest by assignment to Gxxxxxx Xxx, 30X000 Xxxxxxxxxx Xxxx, Xx. Xxxxxxx, Xxxxxxxx 60175 (“Member”), and Heritage-Crystal Clean, LLC, an Indiana limited liability company (“Company”).
Capitalized terms used and not otherwise defined in this Amendment shall have the meanings assigned to such terms in the Unit Redemption Agreement.