New Class A Units definition

New Class A Units means the New Class A Units of DPA.
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New Class A Units means the New Class A Units of Duff & Xxxxxx Acquisitions LLC issued pursuant to the LLC Agreement.
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New Class A Units means, with respect to any Exchanged Management Incentive Unit, a number of Class A Units equal to the quotient of (a) the difference between the Fair Market Value on the date of the Exchange and the then-unsatisfied Management Incentive Unit Return Threshold applicable to such Exchanged Management Incentive Unit, divided by (b) the Fair Market Value on the date of the Exchange; provided, that if the number of New Class A Units determined by the foregoing calculation is a negative number, it shall be deemed to be zero (0).
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Examples of New Class A Units in a sentence

  • Reorganized Holdings shall be authorized to require each Holder of Reorganized Holdings Equity Interests to execute and deliver its signature page to the Amended Membership Agreement as a condition to receiving its distribution of New Class A Units and/or New Class B Units thereunder.

  • When any distribution pursuant to the Plan on account of an applicable Allowed Claim would otherwise result in the issuance of a number of shares of New Class A Units that is not a whole number, the actual distribution of New Class A Units shall be rounded as follows: (a) fractions of one-half (1/2) or greater shall be rounded to the next higher whole number and (b) fractions of less than one-half (1/2) shall be rounded to the next lower whole number with no further payment therefor.

  • The total number of authorized shares of New Class A Units shall be adjusted as necessary to account for the foregoing rounding.

  • On the Effective Date, the New Class A Units shall be issued and distributed pursuant to the Plan and other Definitive Documentation.

  • The issuance of New Class A Units by Reorganized Holdings shall be authorized without the need for any further limited liability company action and without any action by the Holders of Claims or other parties in interest.

  • Each entity’s acceptance of New Class A Units shall be deemed as its agreement to the Amended and Restated Organizational Documents and the Amended Membership Agreement, as the same may be amended or modified from time to time following the Effective Date in accordance with their respective terms.

  • All distributions of the New Class A Units and New Class B Units pursuant to the Plan shall be made by the Distribution Agent on behalf of Reorganized Holdings.

  • All of the New Class A Units issued under the Plan shall be duly authorized, validly issued, fully paid, and non-assessable.

  • Corresponds to the number of New Class A Units to be exchanged by each of the Principals for shares of Class A common stock.

  • Immediately prior to this offering, all of our authorized shares of Class B common stock will be issued to the Principals, in an amount equal to the number of New Class A Units to be issued simultaneously to the Principals.


More Definitions of New Class A Units

New Class A Units has the meaning set forth in Section 3.1.
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New Class A Units means the “Class A” common units to be issued by MLP upon consummation of the Transactions in accordance with the Transaction Term Sheet.
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New Class A Units means the class of membership interest of Reorganized Holdings defined as Class A Units in the Amended Membership Agreement. 80,000 New Class A Units will be issued by Reorganized Holdings on or after the Effective Date in accordance with this Plan.
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New Class A Units has the meaning set forth in Section 2.03(d). -----------------
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Related to New Class A Units

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

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • 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.

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

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

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

  • Common Units is defined in the Partnership Agreement.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

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

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

  • Preferred Units means the Series A Preferred Units and the Series B Preferred Units.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Membership Units means membership interests in the Company.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

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

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

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.

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

  • 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.

  • Series B Preferred Units shall have the meaning provided in Section 1.

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

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

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • 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.