Examples of Class B Unitholder in a sentence
On March 8, 2004, and March 9, 2004, shares of Stock totaling 25,000 and 17,750, respectively, issued on exercise of the Warrants were sold by the investment funds for which Crossover III Management serves as the investment adviser and the general partner or Class B Unitholder.
On December 30, 2015, however, the Class B Unitholder ECP informed the Debtors that fundamental elements of the secured incremental financing were not acceptable to the Class B Unitholders.
Following the occurrence of a Determination Event, the number of Class A Units to which the Class B Unitholder is entitled upon exercising Conversion Rights becomes fixed, and future issuances of Class A Units will result in a decline in the Class B Unit Percentage Interest.
At any time after [•]1, the Class B Units owned by any Class B Unitholder shall be convertible, in whole or in part, at any time and from time to time upon the request of such Class B Unitholder, but not more than once per Quarter by such Class B Unitholder, into a number of Common Units determined by multiplying the number of Class B Units to be converted by the applicable Class B Conversion Rate at such time.
Pursuant to the LP Agreement, the Managing GP or any Affiliate or Associate of the Managing GP which is then the Class B Unitholder, has agreed that it will not dispose of more than one-third of the class A Units received by it upon the conversion of the Class B Units in each consecutive twelve month period ending after the first anniversary of the earlier of: (i) the date a Determination Event occurs; and (ii) the date upon which the conversion is completed.