Catch-Up Unit definition

Catch-Up Unit means a Profits Unit designated as a “Catch-Up Unit” on the Member Schedule or in the applicable Vesting Letter or other agreement between the holder of such Profits Unit and the Company with respect to the issuance of such Profits Unit.
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Catch-Up Unit means an LTIP Unit designated as a “Catch-Up Unit” on the Member Schedule or in the applicable Vesting Agreement or other agreement between the holder of such LTIP Unit and the Company and/or Aggregator with respect to the issuance of such LTIP Unit.
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Catch-Up Unit means an Incentive Equity Unit that has a “catch-up” right pursuant to which the holders of such Catch-Up Units are entitled to priority distributions pursuant to Section 6.1.1(a) until their Unreturned Catch-Up Amount has been paid in full.
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Examples of Catch-Up Unit in a sentence

  • For the avoidance of doubt, if a Catch-Up Unit is not deemed to be outstanding pursuant to this Section 6.1.4, there shall be no requirement that any distributions be made on such Catch-Up Unit pursuant to Section 6.1.1 before distributions may be made pursuant to Section 6.1.2. The Managing Member shall make any determinations required under this Section 6.1.4.

  • Each “Common Catch-Up Unit” shall represent an interest in the Company, shall be designated as a Common Catch-Up Unit of the Company, shall be non-voting, and shall be entitled to the distributions provided for in Article 7.

  • Each “Investor TD Catch-Up Unit” shall represent an interest in the Company, shall be designated as an Investor TD Catch-Up Unit of the Company, shall be non-voting, and shall be entitled to the distributions provided for in Article 7.

  • Each “AT&T TD Catch-Up Unit” shall represent an interest in the Company, shall be designated as an AT&T TD Catch-Up Unit of the Company, shall be non-voting, and shall be entitled to the distributions provided for in Article 7.

Related to Catch-Up Unit

  • LTIP Unit means a Limited Partnership Interest which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.4 hereof and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth on Exhibit A, as may be amended from time to time.