Unvested Class B Units definition

Unvested Class B Units means Class B Units that are issued as unvested Class B Units and have not vested in accordance with the terms of Exhibit B to this Agreement.
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Unvested Class B Units is defined in the LLC Agreement.
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Unvested Class B Units has the meaning assigned to such term in Section 3.3.
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Examples of Unvested Class B Units in a sentence

  • Unvested Class B Units were not entitled to distributions from the Company.

  • As of the applicable Grant Date, the Awarded B Units issued pursuant to this Agreement are Unvested Class B Units under the LLC Agreement, subject to all of the restrictions on Unvested Class B Units (as well as on Class B Units, in general) under the LLC Agreement and carry only such rights as are conferred on Unvested Class B Units under the LLC Agreement (“Unvested Units”).

  • No Class B Member shall be entitled to receive any distributions pursuant to this Section 5.14 with respect to any Unvested Class B Units.


More Definitions of Unvested Class B Units

Unvested Class B Units means, as of any given time, any Class B Units that are subject to vesting or a similar forfeiture provision pursuant to any Management Equity Agreement and which have not yet vested or as to which such forfeiture provision shall not have lapsed in accordance with the terms of such Management Equity Agreement.
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Unvested Class B Units has the meaning set forth in Section 16.2(e).
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Unvested Class B Units means any Class B Units that are not Vested Class B Units.
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Unvested Class B Units means the Budget Class B Units and the Completion Class B Units but only the extent not cancelled in accordance with Section 3.8(b) and Section 3.8(c), respectively.
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Related to Unvested Class B Units

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

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

  • 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.

  • Unvested Units means any Executive Units which are not Vested Units.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

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

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Class C Shares means the shares of Class C common stock of the Company.

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

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

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

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

  • 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.

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

  • Class A Common Units means the Company's Class A Common Units.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Company Class B Common Stock means the Class B common stock, par value $0.01 per share, of the Company.

  • Class B Common Shares means shares of Class B Common Stock.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.